MENA: Sugar Market 2024

Sugar Market Size in MENA

The MENA's sugar market rose notably to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Sugar Production in MENA

In value terms, sugar production amounted to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Egypt (X tons), Turkey (X tons) and Iran (X tons), with a combined X% share of total production.

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

Sugar Exports

Exports in MENA

In 2022, after two years of growth, there was significant decline in overseas shipments of sugar, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, sugar exports contracted sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a moderate increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Egypt (X tons), constituting a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest sugar supplying countries in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Egypt ($X), together accounting for X% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a slight decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Egypt ($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.

Sugar Imports

Imports in MENA

In 2022, the amount of sugar imported in MENA dropped slightly to X tons, waning by X% on the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sugar imports stood at $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Algeria (X tons), Morocco (X tons), Saudi Arabia (X tons), Iran (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Iraq (X tons), mixing up a X% share of total imports. Yemen (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar importing markets in MENA were Morocco ($X), Algeria ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Iran, the United Arab Emirates, Iraq and Yemen lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in MENA amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Morocco ($X per ton) and Iran ($X per ton), while Saudi Arabia ($X per ton) and Algeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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