Middle East: Sugar Market Overview 2021

Sugar Market Size in the Middle East

The Middle Eastern sugar market rose markedly to $X in 2019, increasing by X% against the previous year. The total consumption indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 when the market value increased by X% y-o-y. The level of consumption peaked in 2019 and is expected to retain growth in the near future.

Sugar Production in the Middle East

In value terms, sugar production soared to $X in 2019 estimated in export prices. Overall, production posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. The level of production peaked in 2019 and is expected to retain growth in the immediate term.

The countries with the highest volumes of sugar production in 2019 were Turkey (X tonnes) and Iran (X tonnes), together comprising X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of sugar production, amongst the main producing countries, was attained by Iran.

Production By Country in the Middle East

The countries with the highest volumes of sugar production in 2019 were Turkey (X tonnes) and Iran (X tonnes), with a combined X% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of sugar production, amongst the key producing countries, was attained by Iran.

Sugar Exports

Exports in the Middle East

In 2019, overseas shipments of sugar decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, exports saw a mild decrease. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, sugar exports declined notably to $X in 2019. In general, exports saw a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Saudi Arabia dominates sugar exports structure, amounting to X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by the United Arab Emirates (X tonnes), constituting a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the sugar exports, with a CAGR of +X% from 2007 to 2019. the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Saudi Arabia increased by +X% percentage points, while the United Arab Emirates (-X p.p.) saw their share reduced.

In value terms, Saudi Arabia ($X) remains the largest sugar supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in Saudi Arabia amounted to +X%.

Export Prices by Country

The sugar export price in the Middle East stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while Saudi Arabia totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates.

Sugar Imports

Imports in the Middle East

In 2019, purchases abroad of sugar decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Total imports indicated a temperate increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. The volume of import peaked at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, sugar imports shrank dramatically to $X in 2019. Total imports indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Iran (X tonnes), Saudi Arabia (X tonnes), Iraq (X tonnes) and the United Arab Emirates (X tonnes) represented the key importer of sugar in the Middle East, comprising X% of total import. It was distantly followed by Yemen (X tonnes), comprising an X% share of total imports. The following importers - Syrian Arab Republic (X tonnes) and Israel (X tonnes) - each recorded a X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar importing markets in the Middle East were Iran ($X), Saudi Arabia ($X) and Iraq ($X), with a combined X% share of total imports. The United Arab Emirates, Yemen, Israel and Syrian Arab Republic lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, among 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

The sugar import price in the Middle East stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Israel ($X per tonne), while Syrian Arab Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar in the the Middle East?

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The countries with the highest volumes of sugar consumption in 2019 were Iran (2.8M tonnes), Turkey (2.5M tonnes) and Saudi Arabia (998K tonnes), with a combined 73% share of total consumption. These countries were followed by Iraq, the United Arab Emirates and Yemen, which together accounted for a further 24%.

What are the largest producers of sugar in the the Middle East?

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The countries with the highest volumes of sugar production in 2019 were Turkey (2.5M tonnes) and Iran (1.6M tonnes), together accounting for 100% of total production.

What are the leading exporters of sugar in the the Middle East?

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In value terms, Saudi Arabia ($36M) remains the largest sugar supplier in the Middle East, comprising 91% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($3.2M), with a 8.2% share of total exports.

What are the leading importers of sugar in the the Middle East?

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In value terms, the largest sugar importing markets in the Middle East were Iran ($359M), Saudi Arabia ($338M) and Iraq ($270M), together comprising 71% of total imports. The United Arab Emirates, Yemen, Israel and Syrian Arab Republic lagged somewhat behind, together comprising a further 27%.

What is the average export price for sugar in the the Middle East?

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In 2019, the sugar export price in the Middle East amounted to $411 per tonne, which is down by -8.7% against the previous year.

What is the average import price for sugar in the the Middle East?

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In 2019, the sugar import price in the Middle East amounted to $298 per tonne, shrinking by -5.8% against the previous year.