GCC: Market for Starch other than Wheat, Corn or Potato 2024

Market Size for Starch other than Wheat, Corn or Potato in GCC

The GCC market for starch other than wheat, corn or potato surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Starch other than Wheat, Corn or Potato in GCC

In value terms, production of starch other than wheat, corn or potato rose significantly to $X in 2022 estimated in export price. Overall, production posted a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Starch other than Wheat, Corn or Potato

Exports in GCC

In 2022, after two years of growth, there was significant decline in overseas shipments of starch other than wheat, corn or potato, when their volume decreased by X% to X tons. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato rose significantly to $X in 2022. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Saudi Arabia (X tons), achieving a X% share of total exports. Kuwait (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Saudi Arabia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest starch other than wheat, corn or potato supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Starch other than Wheat, Corn or Potato

Imports in GCC

In 2022, approx. X tons of starch other than wheat, corn or potato were imported in GCC; rising by X% compared with 2021 figures. Over the period under review, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of starch other than wheat, corn or potato surged to $X in 2022. In general, imports showed a mild expansion. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait represented the main importer of starch other than wheat, corn or potato in GCC, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Oman (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Qatar (X%).

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starch other than wheat, corn or potato importing markets in GCC were Kuwait ($X), Oman ($X) and the United Arab Emirates ($X), together accounting for X% of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price posted strong growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kuwait ($X per ton) and Oman ($X per ton), while the United Arab Emirates ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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