Middle East: Potato Starch Market 2024

Potato Starch Market Size in the Middle East

The Middle Eastern potato starch market declined to $X in 2022, approximately mirroring 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 indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Potato Starch Production in the Middle East

In value terms, potato starch production fell slightly to $X in 2022 estimated in export price. The total output 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 most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Potato Starch Exports

Exports in the Middle East

In 2022, exports of potato starch in the Middle East soared to X tons, increasing by X% compared with the previous year's figure. Over the period under review, exports showed a perceptible expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, potato starch exports surged to $X in 2022. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the major exporter of potato starch in the Middle East, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Turkey (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%), Jordan (X%), Israel (X%) and Lebanon (X%).

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Export price indicated a remarkable increase 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. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($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 more modest paces of growth.

Potato Starch Imports

Imports in the Middle East

In 2022, potato starch imports in the Middle East surged to X tons, rising by X% compared with the year before. 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 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potato starch imports surged to $X in 2022. The total import 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 in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) represented the major importer of potato starch, constituting X% of total imports. It was distantly followed by Israel (X tons), Jordan (X tons), Lebanon (X tons) and the United Arab Emirates (X tons), together making up a X% share of total imports. The following importers - Palestine (X tons) and Syrian Arab Republic (X tons) - each reached a X% share of total imports.

Turkey was also the fastest-growing in terms of the potato starch imports, with a CAGR of X% from 2012 to 2022. At the same time, Jordan (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Palestine experienced a relatively flat trend pattern. By contrast, Lebanon (X%) and Syrian Arab Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Jordan and Israel increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Israel ($X) and Jordan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Lebanon, the United Arab Emirates, Syrian Arab Republic and Palestine lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 the Middle East amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably 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 Palestine ($X per ton) and Turkey ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform

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