Middle East: Maize Bran Market 2024

Maize Bran Market Size in the Middle East

The Middle Eastern maize bran market expanded rapidly to $X in 2023, picking up by X% against the previous year. The total consumption indicated a remarkable 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. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Maize Bran Production in the Middle East

In value terms, maize bran production rose significantly to $X in 2023 estimated in export price. Over the period under review, production recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

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Maize Bran Exports

Exports in the Middle East

In 2023, after two years of growth, there was significant decline in shipments abroad of maize bran, when their volume decreased by X% to X tons. Overall, exports, however, showed a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then shrank in the following year.

In value terms, maize bran exports contracted rapidly to $X in 2023. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then dropped remarkably in the following year.

Exports by Country

In 2023, the United Arab Emirates (X tons) represented the key exporter of maize bran, achieving X% of total exports. It was distantly followed by Turkey (X tons) and Syrian Arab Republic (X tons), together constituting a X% share of total exports.

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

In the United Arab Emirates, maize bran exports increased 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

In 2023, the export price in the Middle East amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 the Middle East

In 2023, purchases abroad of maize bran decreased by X% to X tons, falling for the second year in a row after two years of growth. Total imports indicated a prominent expansion from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of 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 reduced remarkably to $X in 2023. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons) and Israel (X tons) represented roughly X% of total imports in 2023. Oman (X tons) took the next position in the ranking, distantly followed by Jordan (X tons). All these countries together took near X% share of total imports. Iraq (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (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 the Middle East were Turkey ($X), Israel ($X) and Oman ($X), with a combined X% share of total imports.

Among the main importing countries, Oman, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, waning by X% against the previous year. Import price indicated measured 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 appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was 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