MENA: Maize Bran Market 2024

Maize Bran Market Size in MENA

The MENA's maize bran market reached $X in 2023, picking up by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Maize Bran Production in MENA

In value terms, maize bran production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Maize Bran Exports

Exports in MENA

In 2023, after two years of growth, there was significant decline in overseas shipments of maize bran, when their volume decreased by X% to X tons. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, maize bran exports shrank dramatically to $X in 2023. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then fell dramatically in the following year.

Exports by Country

In 2023, the United Arab Emirates (X tons) was the key exporter of maize bran, constituting X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Syrian Arab Republic (X%).

The United Arab Emirates was also the fastest-growing in terms of the maize bran exports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. From 2012 to 2023, the share of the United Arab Emirates and Turkey increased by X and X percentage points, respectively.

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

In the United Arab Emirates, maize bran exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Syrian Arab Republic (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price showed a perceptible contraction. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was 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 a decline in the export price figures.

Maize Bran Imports

Imports in MENA

Maize bran imports rose markedly to X tons in 2023, increasing by X% against 2022. Total imports indicated a buoyant increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, maize bran imports shrank slightly to $X in 2023. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of maize bran, namely Turkey, Egypt and Israel, represented more than two-thirds of total import. Oman (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Jordan (X%). Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest maize bran importing markets in MENA were Turkey ($X), Egypt ($X) and Israel ($X), together comprising X% of total imports. Oman, Jordan and Morocco lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 MENA stood at $X per ton in 2023, declining by X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, maize bran import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Israel ($X per ton) and Egypt ($X per ton), while Morocco ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform