Saudi Arabia: Glucose Market 2024

Glucose Market Size in Saudi Arabia

The Saudi glucose market declined to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, recorded a pronounced slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Glucose Production in Saudi Arabia

In value terms, glucose production fell modestly to $X in 2022 estimated in export price. Overall, production showed a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Glucose production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Glucose Exports

Exports from Saudi Arabia

In 2022, overseas shipments of glucose and glucose syrup decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined notably in the following year.

In value terms, glucose exports dropped notably to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Algeria (X tons), the United Arab Emirates (X tons) and Sudan (X tons) were the main destinations of glucose exports from Saudi Arabia, together accounting for X% of total exports. Kuwait, Oman, Jordan and Yemen lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for glucose and glucose syrup exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Algeria ($X), with an X% share of total exports. It was followed by Sudan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Sudan (X% per year).

Export Prices by Country

In 2022, the average glucose export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Glucose Imports

Imports into Saudi Arabia

In 2022, approx. X tons of glucose and glucose syrup were imported into Saudi Arabia; increasing by X% against the previous year. Over the period under review, imports, however, showed a pronounced decline. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, glucose imports stood at $X in 2022. In general, imports, however, saw a noticeable setback. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and China (X tons) were the main suppliers of glucose imports to Saudi Arabia, with a combined X% share of total imports. Indonesia and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest glucose suppliers to Saudi Arabia were France ($X), the Netherlands ($X) and Turkey ($X), together accounting for X% of total imports.

Among the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average glucose import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price 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. Based on 2022 figures, glucose import price increased by X% against 2017 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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