GCC: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in GCC

In 2022, the GCC tapioca and substitutes market decreased by X% to $X, falling for the second consecutive year after five years of growth. Overall, consumption recorded a prominent expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tapioca And Substitutes Production in GCC

In value terms, tapioca and substitutes production declined slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Tapioca And Substitutes Exports

Exports in GCC

In 2022, exports of tapioca and substitutes in GCC soared to X tons, growing by X% compared with the year before. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapioca and substitutes exports soared to $X in 2022. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together recording X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the tapioca and substitutes exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest tapioca and substitutes supplier in GCC.

In the United Arab Emirates, tapioca and substitutes exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Tapioca And Substitutes Imports

Imports in GCC

Tapioca and substitutes imports skyrocketed to X tons in 2022, with an increase of X% against 2021. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, tapioca and substitutes imports reduced notably to $X in 2022. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the largest importer of tapioca and substitutes in GCC, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Kuwait (X tons), mixing up a X% share of total imports. Bahrain (X tons), Qatar (X tons) and Oman (X tons) took a little share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) and Oman (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Bahrain ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among 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

The import price in GCC stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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