MENA: Wheat Starch Market 2024

Wheat Starch Market Size in MENA

The MENA's wheat starch market rose modestly to $X in 2022, growing by X% against the previous year. In general, consumption recorded a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wheat Starch Production in MENA

In value terms, wheat starch production expanded to $X in 2022 estimated in export price. Overall, production showed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Wheat Starch Exports

Exports in MENA

After five years of growth, overseas shipments of wheat starch decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped sharply in the following year.

In value terms, wheat starch exports dropped sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Iran (X tons) represented the largest exporter of wheat starch, constituting X% of total exports. It was distantly followed by Turkey (X tons), generating 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.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022.

Iran, with a CAGR of X%, recorded 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

In 2022, the export price in MENA amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 amounted to $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 MENA

In 2022, approx. X tons of wheat starch were imported in MENA; picking up by X% on 2021 figures. 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 most prominent rate of growth was recorded 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 somewhat lower figure.

In value terms, wheat starch imports soared to $X in 2022. Total imports indicated a perceptible 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), making up a X% share of total imports. The following importers - the United Arab Emirates (X tons), Lebanon (X tons), Egypt (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 MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. 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 MENA stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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

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