Middle East: Wheat Starch Market 2024

Wheat Starch Market Size in the Middle East

The Middle Eastern wheat starch market reached $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wheat Starch Production in the Middle East

In value terms, wheat starch production totaled $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wheat Starch Exports

Exports in the Middle East

In 2022, shipments abroad of wheat starch decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, wheat starch exports contracted markedly to $X in 2022. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Iran was the largest exporter of wheat starch in the Middle East, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X tons), creating a X% share of total exports.

Iran was also the fastest-growing in terms of the wheat starch exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. Iran (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest wheat starch supplying countries in the Middle East were Iran ($X) and Turkey ($X).

Iran, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a abrupt decrease. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Wheat Starch Imports

Imports in the Middle East

In 2022, the amount of wheat starch imported in the Middle East expanded slightly to X tons, increasing by X% against 2021. 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 pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat starch imports surged to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value 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 level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Kuwait (X tons), mixing up a X% share of total imports. The following importers - the United Arab Emirates (X tons), Lebanon (X tons) and Israel (X tons) - together made up X% of total imports.

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

In value terms, Turkey ($X) constitutes the largest market for imported wheat starch in the Middle East, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, wheat starch imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :