Middle East: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in the Middle East

The Middle Eastern non-wheat cereal pellets market soared to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Wheat Cereal Pellets Production in the Middle East

In value terms, non-wheat cereal pellets production reached $X in 2022 estimated in export price. Overall, production posted a strong expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Wheat Cereal Pellets Exports

Exports in the Middle East

After three years of growth, overseas shipments of cereal pellets (excluding wheat) decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, non-wheat cereal pellets exports contracted dramatically to $X in 2022. Overall, exports, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Turkey represented the largest exporter of cereal pellets (excluding wheat) in the Middle East, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Iran (X tons), committing a X% share of total exports. Syrian Arab Republic (X tons) held a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Syrian Arab Republic (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Syrian Arab Republic (X p.p.) displayed negative dynamics.

In value terms, the largest non-wheat cereal pellets supplying countries in the Middle East were Turkey ($X), Iran ($X) and Syrian Arab Republic ($X), with a combined X% share of total exports.

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, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced a decline in the export price figures.

Non-Wheat Cereal Pellets Imports

Imports in the Middle East

In 2022, supplies from abroad of cereal pellets (excluding wheat) increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-wheat cereal pellets imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the one major importers of cereal pellets (excluding wheat), namely the United Arab Emirates, represented more than two-thirds of total import.

The United Arab Emirates was also the fastest-growing in terms of the cereal pellets (excluding wheat) imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported cereal pellets (excluding wheat) in the Middle East.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, saw a mild increase. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Source: IndexBox Platform

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