Sugar Market Overview in Middle East
In value terms, sugar production rose to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2015 to 2019, production growth remained at a lower figure.
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 size of the sugar market in the Middle East expanded modestly to $ in 2019, growing 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2011 to 2019, the growth of the market failed to regain the momentum.
From 2007 to 2019, the most notable rate of growth in terms of sugar consumption, amongst the main consuming countries, was attained by Yemen, while sugar consumption for the other leaders experienced more modest paces of growth.
In value terms, Turkey ($) led the market, alone. The second position in the ranking was occupied by Iran ($). It was followed by the United Arab Emirates.
From 2007 to 2019, the average annual rate of growth in terms of value in Turkey amounted to +%. The remaining consuming countries recorded the following average annual rates of market growth: Iran (-% per year) and the United Arab Emirates (+% per year).
In 2019, the highest levels of sugar per capita consumption was registered in the United Arab Emirates ( kg per person), followed by Turkey ( kg per person), Saudi Arabia ( kg per person) and Iran ( kg per person), while the world average per capita consumption of sugar was estimated at kg per person.
From 2007 to 2019, the average annual rate of growth in terms of the sugar per capita consumption in the United Arab Emirates stood at -%. In the other countries, the average annual rates were as follows: Turkey (-% per year) and Saudi Arabia (-% per year).