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

Middle East: Sugar Market Overview 2019

Sugar Market Size in the Middle East

The revenue of the sugar market in the Middle East amounted to $X in 2018, declining by -X% against the previous year. In general, sugar consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009, when the market value increased by X% year-to-year. The level of sugar consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Sugar Production in the Middle East

In value terms, sugar production stood at $X in 2018 estimated in export prices. Overall, sugar production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. The level of sugar production peaked in 2018, and is expected to retain its growth in the near future.

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. These countries were followed by Iraq, which accounted for 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 the other leaders experienced more modest paces of growth.

Sugar Exports

Exports in the Middle East

The exports totaled X tonnes in 2018, picking up by X% against the previous year. Over the period under review, sugar exports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2016, when exports increased by X% y-o-y. The volume of exports peaked at X tonnes in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, sugar exports totaled $X in 2018. In general, sugar exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016, with an increase of X% against the previous year. Over the period under review, sugar exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Saudi Arabia (X tonnes) and the United Arab Emirates (X tonnes) represented roughly X% of total exports of sugar in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the United Arab Emirates.

In value terms, the largest sugar markets worldwide were the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising X% of total exports.

Among the main exporting countries, the United Arab Emirates experienced the highest growth rate of exports, over the last eleven years.

Export Prices by Country

The sugar export price in the Middle East stood at $X per tonne in 2018, declining by -X% against the previous year. Overall, the sugar export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, an increase of X% y-o-y. Over the period under review, the export prices for sugar reached their peak figure at $X per tonne in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates.

Sugar Imports

Imports in the Middle East

The imports stood at X tonnes in 2018, coming down by -X% against the previous year. The total imports indicated a perceptible growth from 2007 to 2018: its volume 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, the sugar imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2014, when imports increased by X% y-o-y. The volume of imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, sugar imports stood at $X in 2018. The total imports indicated a measured expansion from 2007 to 2018: its value 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. The most prominent rate of growth was recorded in 2009, when imports increased by X% y-o-y. Over the period under review, sugar imports reached their peak figure at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the United Arab Emirates (X tonnes), Iraq (X tonnes) and Saudi Arabia (X tonnes) represented the major importers of sugar in the Middle East, creating X% of total import. Iran (X tonnes) ranks next in terms of the total imports with a X% share, followed by Yemen (X%). Jordan (X tonnes) and Israel (X tonnes) followed a long way behind the leaders.

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

In value terms, the largest sugar importing markets worldwide were the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X), together comprising X% of total imports. These countries were followed by Iran, Yemen, Jordan and Israel, which together accounted for a further X the main importing countries, Jordan recorded the highest rates of growth with regard to imports, over the last eleven year period, while 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, going down by -X% against the previous year. Overall, the sugar import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, an increase of X% against the previous year. In that year, the import prices for sugar reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the import prices for sugar remained at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import 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 import prices was attained by Jordan, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform