Middle East: Lysine Market 2024

Lysine Market Size in the Middle East

The Middle Eastern lysine 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% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Lysine Production in the Middle East

In value terms, lysine production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Lysine Exports

Exports in the Middle East

In 2022, exports of lysine and its esters, and salts thereof in the Middle East contracted rapidly to X tons, dropping by X% on the year before. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, lysine exports dropped dramatically to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey represented the key exporter of lysine and its esters, and salts thereof in the Middle East, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Iran (X tons). All these countries together took near X% share of total exports. Jordan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lysine exports from Turkey stood at X%. At the same time, Iran (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Jordan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey and Iran increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest lysine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, recorded a mild setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Lysine Imports

Imports in the Middle East

In 2022, the amount of lysine and its esters, and salts thereof imported in the Middle East skyrocketed to X tons, rising by X% against the previous year. Total imports indicated a pronounced increase 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 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lysine imports skyrocketed to $X in 2022. Total imports indicated a mild expansion 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the major importing country with an import of around X tons, which finished at X% of total imports. Iran (X tons) held the second position in the ranking, followed by Saudi Arabia (X tons), Qatar (X tons), Jordan (X tons) and Israel (X tons). All these countries together took near X% share of total imports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lysine imports into Turkey stood at X%. At the same time, Qatar (X%), Jordan (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iran and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Qatar (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia, Israel and Iran 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, Turkey ($X) constitutes the largest market for imported lysine and its esters, and salts thereof in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, lysine imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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