MENA: Cassava Market 2024

Cassava Market Size in MENA

In 2023, after two years of growth, there was significant decline in the MENA's cassava market, when its value decreased by X% to $X. In general, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Cassava Production in MENA

In value terms, cassava production rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Egypt (X tons) constituted the country with the largest volume of cassava production, accounting for X% of total volume.

From 2012 to 2023, the average annual rate of growth in terms of volume in Egypt totaled X%.

Cassava Exports

Exports in MENA

In 2023, approx. X tons of cassava were exported in MENA; jumping by X% on the previous year's figure. Over the period under review, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cassava exports soared to $X in 2023. Overall, exports enjoyed slight growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, the United Arab Emirates (X tons) represented the largest exporter of cassava, mixing up X% of total exports. It was distantly followed by Egypt (X tons), committing a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the cassava exports, with a CAGR of X% from 2012 to 2023. Egypt (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Egypt (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest cassava supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports.

In the United Arab Emirates, cassava exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cassava export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%).

Cassava Imports

Imports in MENA

After two years of growth, overseas purchases of cassava decreased by X% to X tons in 2023. In general, imports, however, saw a temperate increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, cassava imports reduced to $X in 2023. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the largest importer of cassava in MENA, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Qatar (X tons) took the second position in the ranking, followed by Oman (X tons) and Kuwait (X tons). All these countries together held approx. X% share of total imports. Bahrain (X tons) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cassava imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Oman (X%), Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Qatar (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported cassava in MENA, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, cassava imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Oman (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a temperate expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Qatar ($X per ton), while Kuwait ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform