Middle East: Groundnuts Market 2024

Groundnuts Market Size in the Middle East

The Middle Eastern groundnuts market was estimated at $X in 2022, surging by X% against the previous year. The total consumption indicated a measured 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 decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Groundnuts Production in the Middle East

In value terms, groundnuts production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Turkey (X tons) remains the largest groundnuts producing country in the Middle East, comprising approx. X% of total volume. Moreover, groundnuts production in Turkey exceeded the figures recorded by the second-largest producer, Syrian Arab Republic (X tons), eightfold. The third position in this ranking was taken by Israel (X tons), with a X% share.

In Turkey, groundnuts production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Syrian Arab Republic (X% per year) and Israel (X% per year).

The average groundnuts yield contracted modestly to X tons per ha in 2022, shrinking by X% against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of yield peaked at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of ground-nut (in-shell) in the Middle East fell to X ha, shrinking by X% on 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the harvested area dedicated to groundnuts production reached the maximum at X ha in 2021, and then declined slightly in the following year.

Groundnuts Exports

Exports in the Middle East

In 2022, overseas shipments of ground-nut (in-shell) decreased by X% to X tons, falling for the third consecutive year after four years of growth. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, groundnuts exports contracted sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

In 2022, Israel (X tons) represented the major exporter of ground-nut (in-shell), making up X% of total exports. It was distantly followed by Turkey (X tons) and the United Arab Emirates (X tons), together achieving a X% share of total exports.

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

In value terms, Israel ($X) remains the largest groundnuts supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In Israel, groundnuts exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Groundnuts Imports

Imports in the Middle East

In 2022, supplies from abroad of ground-nut (in-shell) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, groundnuts imports rose markedly to $X in 2022. In general, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons), distantly followed by the United Arab Emirates (X tons), Iran (X tons), Turkey (X tons), Iraq (X tons), Yemen (X tons) and Lebanon (X tons) represented the main importers of ground-nut (in-shell), together creating X% of total imports. Jordan (X tons) held a minor share of total imports.

Imports into Saudi Arabia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Lebanon (X%), the United Arab Emirates (X%), Turkey (X%), Jordan (X%) and Yemen (X%) illustrated a downward trend over the same period. Iraq (X p.p.), Saudi Arabia (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total imports, while Jordan, Turkey and Yemen saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported ground-nut (in-shell) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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 Lebanon ($X per ton), while Iraq ($X per ton) was 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 more modest paces of growth.

Source: IndexBox Platform

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