Sugar Market Overview in Middle East
In value terms, sugar production skyrocketed to $ in 2019 estimated in export prices. In general, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by % year-to-year. The level of production peaked in 2019 and is likely to see gradual growth in the near future.
The countries with the highest volumes of sugar production in 2019 were Turkey ( tonnes) and Iran ( tonnes), together accounting for % of total production.
From 2007 to 2019, the most notable rate of growth in terms of sugar production, amongst the key producing countries, was attained by Iran.
The value of the sugar market in the Middle East rose markedly to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the market value increased by % year-to-year. The level of consumption peaked in 2019 and is expected to retain growth in the near future.
From 2007 to 2019, the most notable rate of growth in terms of sugar consumption, amongst the key consuming countries, was attained by Iraq, while sugar consumption for the other leaders experienced more modest paces of growth.
In value terms, Iran ($), Turkey ($) and Iraq ($) appeared to be the countries with the highest levels of market value in 2019, with a combined % share of the total market.
Iraq saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while sugar market for the other leaders experienced more modest paces of growth.
In 2019, the highest levels of sugar per capita consumption was registered in the United Arab Emirates ( kg per person), followed by Iran ( kg per person), Turkey ( kg per person) and Saudi Arabia ( kg per person), while the world average per capita consumption of sugar was estimated at kg per person.
In the United Arab Emirates, sugar per capita consumption declined by an average annual rate of -% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Iran (+% per year) and Turkey (+% per year).