MENA: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in MENA

The MENA's market for protein concentrates and flavoured or coloured sugar syrups totaled $X in 2023, with an increase of X% against the previous year. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in MENA

In value terms, production of protein concentrates and flavoured or coloured sugar syrups expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2023, production of growth remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in MENA

In 2023, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were exported in MENA; surging by X% against the previous year's figure. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2023. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Turkey (X tons) and the United Arab Emirates (X tons) were the main exporters of protein concentrates and flavoured or coloured sugar syrups in MENA, together making up X% of total exports. Israel (X tons) took the next position in the ranking, distantly followed by Jordan (X tons). All these countries together held approx. X% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2023, 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 largest protein concentrate and flavoured or coloured sugar syrup supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), together comprising X% of total exports. Jordan and Oman lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in MENA

In 2023, imports of protein concentrates and flavoured or coloured sugar syrups in MENA rose modestly to X tons, growing by X% against 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups shrank slightly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the largest importing country with an import of around X tons, which amounted to X% of total imports. Turkey (X tons) held the second position in the ranking, followed by Iraq (X tons), Jordan (X tons), Saudi Arabia (X tons) and Israel (X tons). All these countries together took near X% share of total imports. The following importers - Egypt (X tons), Morocco (X tons), Qatar (X tons), Oman (X tons), Algeria (X tons), Kuwait (X tons) and Lebanon (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to protein concentrate and flavoured or coloured sugar syrup imports into the United Arab Emirates stood at X%. At the same time, Iraq (X%), Oman (X%), Jordan (X%), Morocco (X%), Kuwait (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Israel and Lebanon experienced a relatively flat trend pattern. By contrast, Turkey (X%), Egypt (X%), Saudi Arabia (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Iraq (X p.p.), Jordan (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Turkey (X p.p.), Egypt (X p.p.), Qatar (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported protein concentrates and flavoured or coloured sugar syrups in MENA, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Israel (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, reducing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then dropped in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform