Middle East - Sugar - Market Analysis, Forecast, Size, Trends and Insights

Middle East: Sugar Market Overview 2020

Sugar Market Size in the Middle East

The revenue of the sugar market in the Middle East amounted to $X in 2018, going up by X% against the previous year. The total market indicated a resilient increase from 2007 to 2018: 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 2018 figures, sugar 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 sugar consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Sugar Production in the Middle East

In value terms, sugar production totaled $X in 2018 estimated in export prices. Over the period under review, sugar production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, sugar production reached its maximum level in 2018 and is likely to continue its growth in the immediate term.

The countries with the highest volumes of sugar production in 2018 were Turkey (X tonnes), Iran (X tonnes) and Syrian Arab Republic (X tonnes), together comprising X% of total production. Iraq lagged somewhat behind, comprising a further X 2007 to 2018, the most notable rate of growth in terms of sugar production, amongst the main producing countries, was attained by Iraq, while sugar production for the other leaders experienced more modest paces of growth.

Production By Country in the Middle East

The countries with the highest volumes of sugar production in 2018 were Turkey (X tonnes) and Iran (X tonnes), with a combined X% share of total production.

From 2007 to 2018, the most notable rate of growth in terms of sugar production, amongst the main producing countries, was attained by Iran.

Sugar Exports

Exports in the Middle East

In 2018, the sugar exports in the Middle East amounted to X tonnes, falling by -X% against the previous year. Overall, sugar exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, sugar exports amounted to $X in 2018. In general, sugar exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, sugar exports attained their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

Saudi Arabia dominates sugar exports structure, recording X tonnes, which was approx. X% of total exports in 2018. The United Arab Emirates (X tonnes) held a minor 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 2018. the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2018, 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 ($X) remains the largest sugar supplier in the Middle East, comprising X% of total sugar exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

In Saudi Arabia, sugar exports expanded at an average annual rate of +X% over the period from 2007-2018.

Export Prices by Country

In 2018, the sugar export price in the Middle East amounted to $X per tonne, waning by -X% against the previous year. The export price indicated a modest increase from 2007 to 2018: its price 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 2018 figures, sugar export price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. The level of export price peaked at $X per tonne in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Average prices varied somewhat amongst the major exporting countries. In 2018, the country with the highest price was the United Arab Emirates ($X per tonne), while Saudi Arabia totaled $X per tonne.

From 2007 to 2018, 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 2018, approx. X tonnes of sugar were imported in the Middle East; rising by X% against the previous year. The total imports indicated a strong expansion from 2007 to 2018: 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 2018 figures, sugar imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, sugar imports totaled $X in 2018. Overall, sugar imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, sugar imports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

Iraq (X tonnes), the United Arab Emirates (X tonnes) and Saudi Arabia (X tonnes) represented roughly X% of total imports of sugar in 2018. Iran (X tonnes) ranks next in terms of the total imports with a X% share, followed by Yemen (X%). The following importers - Jordan (X tonnes) and Israel (X tonnes) - each recorded a X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iraq, while imports for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

Among the main importing countries, Iraq experienced the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sugar import price in the Middle East amounted to $X per tonne, surging by X% against the previous year. The import price indicated a significant expansion from 2007 to 2018: its price 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 2018 figures, sugar import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, the import prices for sugar attained their maximum at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Israel ($X per tonne), while Yemen ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform