Middle East: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in the Middle East

The Middle Eastern preparations for animal feeding market reduced modestly to $X in 2022, stabilizing at the previous year. The total consumption indicated a temperate increase 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in the Middle East

In value terms, preparations for animal feeding production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports in the Middle East

For the third consecutive year, the Middle East recorded growth in shipments abroad of preparations used in animal feeding, which increased by X% to X tons in 2022. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, preparations for animal feeding exports soared to $X in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons), together mixing up a X% share of total exports. Jordan (X tons) and Iran (X tons) held a relatively small 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%), Oman (X%), Saudi Arabia (X%) and the United Arab Emirates (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. Jordan experienced a relatively flat trend pattern. While the share of Saudi Arabia (X p.p.), Oman (X p.p.), the United Arab Emirates (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and Jordan (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest preparations for animal feeding supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Jordan, with an X% share.

In Turkey, preparations for animal feeding exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports in the Middle East

In 2022, supplies from abroad of preparations used in animal feeding increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, preparations for animal feeding imports surged to $X in 2022. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Iraq (X tons), distantly followed by the United Arab Emirates (X tons), Palestine (X tons), Syrian Arab Republic (X tons), Turkey (X tons), Saudi Arabia (X tons) and Israel (X tons) represented the largest importers of preparations used in animal feeding, together making up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Syrian Arab Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding importing markets in the Middle East were Palestine ($X), Iraq ($X) and Turkey ($X), together accounting for X% of total imports. The United Arab Emirates, Israel, Saudi Arabia and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Syrian Arab Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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