
Middle East - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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Middle East: Sugar Market Overview 2020
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Sugar Market Size in the Middle East
The Middle Eastern sugar market rose sharply to $X in 2019, surging by X% against the previous year. The total consumption indicated a temperate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.
Sugar Production in the Middle East
In value terms, sugar production expanded to $X in 2019 estimated in export prices. In general, production continues to indicate strong growth. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level 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), Iran (X tonnes) and Iraq (X tonnes), together accounting for X% of total production.
From 2007 to 2019, the most notable rate of growth in terms of sugar production, amongst the leading 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 2019 were Turkey (X tonnes) and Iran (X tonnes), together accounting for X% of total production.
From 2007 to 2019, the biggest increases were in Iran.
Sugar Exports
Exports in the Middle East
Sugar exports expanded notably to X tonnes in 2019, picking up by X% compared with the previous year. Overall, exports showed a modest increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2011; however, from 2012 to 2019, exports remained at a lower figure.
In value terms, sugar exports rose markedly to $X in 2019. Over the period under review, exports recorded notable growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.
Exports by Country
Saudi Arabia dominates sugar exports structure, finishing at X tonnes, which was near X% of total exports in 2019. The United Arab Emirates (X tonnes) occupied a little share of total exports.
Saudi Arabia was also the fastest-growing in terms of the sugar exports, with a CAGR of +X% from 2007 to 2019. the United Arab Emirates (-X%) illustrated a downward trend over the same period. Saudi Arabia (+X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -X% from 2007 to 2019, respectively.
In value terms, Saudi Arabia ($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
In 2019, the sugar export price in the Middle East amounted to $X per tonne, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the export prices failed to regain the momentum.
Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was the United Arab Emirates ($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, approx. X tonnes of sugar were imported in the Middle East; standing approx. at the previous year's figure. Total imports indicated pronounced growth 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 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.
In value terms, sugar imports dropped slightly to $X in 2019. In general, imports showed a notable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2010; however, from 2011 to 2019, imports failed to regain the momentum.
Imports by Country
The United Arab Emirates (X tonnes), Saudi Arabia (X tonnes) and Iraq (X tonnes) represented roughly X% of total imports of sugar in 2019. It was distantly followed by Yemen (X tonnes), committing a X% share of total imports. Jordan (X tonnes), Iran (X tonnes), Syrian Arab Republic (X tonnes) and Israel (X tonnes) took a relatively small share of total imports.
From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (+X% per year), while imports for the other leaders experienced more modest paces of growth.
In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of total imports.
Iraq (+X% per year) recorded the highest rates of growth with regard to 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
In 2019, the sugar import price in the Middle East amounted to $X per tonne, approximately equating the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the import prices remained at a lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was Israel ($X per tonne), while Iran ($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?+
The countries with the highest volumes of sugar consumption in 2019 were Turkey (2.5M tonnes), Iran (1.7M tonnes) and the United Arab Emirates (1.3M tonnes), with a combined 66% share of total consumption. These countries were followed by Iraq, Saudi Arabia, Yemen and Jordan, which together accounted for a further 30%.
What are the largest producers of sugar in the the Middle East?+
The countries with the highest volumes of sugar production in 2019 were Turkey (2.5M tonnes) and Iran (1.6M tonnes), with a combined 99% share of total production.
What are the leading suppliers of sugar in the the Middle East?+
In value terms, Saudi Arabia ($58M) remains the largest sugar supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($2.2M), with a 3.6% share of total exports.
What are the leading importers of sugar in the the Middle East?+
In value terms, the largest sugar importing markets in the Middle East were the United Arab Emirates ($384M), Saudi Arabia ($357M) and Iraq ($295M), with a combined 79% share of total imports.
What is the average export price for sugar in the the Middle East?+
The sugar export price in the Middle East stood at $447 per tonne in 2019, approximately reflecting the previous year.
What is the average import price for sugar in the the Middle East?+
The sugar import price in the Middle East stood at $306 per tonne in 2019, remaining constant against the previous year.
This report provides an in-depth analysis of the sugar market in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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