Middle East: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in the Middle East

The Middle Eastern meat meals and pellets market reduced slightly to $X in 2022, shrinking by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in the Middle East

In value terms, meat meals and pellets production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, posted a remarkable increase. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in the Middle East

In 2022, approx. X tons of flours, meals and pellets of meat or meat offal were exported in the Middle East; picking up by X% compared with the previous year. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, meat meals and pellets exports surged to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Saudi Arabia represented the key exporter of flours, meals and pellets of meat or meat offal in the Middle East, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Iran (X tons), committing a X% share of total exports. The following exporters - Turkey (X tons), the United Arab Emirates (X tons), Israel (X tons) and Oman (X tons) - together made up X% of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X.6%), Turkey (X%), Oman (X%), Iran (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X.6% from 2012-2022. While the share of Iran (X p.p.), Turkey (X p.p.), Israel (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest meat meals and pellets supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with an X% share of total exports. It was followed by Turkey, with a X% share.

In Saudi Arabia, meat meals and pellets exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat meals and pellets export price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, 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 Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in the Middle East

In 2022, imports of flours, meals and pellets of meat or meat offal in the Middle East soared to X tons, with an increase of X% against 2021 figures. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, meat meals and pellets imports skyrocketed to $X in 2022. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Turkey (X tons) represented the key importer of flours, meals and pellets of meat or meat offal, mixing up X% of total imports. Israel (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%).

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Israel saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported flours, meals and pellets of meat or meat offal in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports.

In Turkey, meat meals and pellets imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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