Middle East: Spinach Market 2024

Spinach Market Size in the Middle East

The Middle Eastern spinach market dropped to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Spinach Production in the Middle East

In value terms, spinach production fell to $X in 2023 estimated in export price. In general, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

The country with the largest volume of spinach production was Turkey (X tons), accounting for X% of total volume. Moreover, spinach production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), twofold.

In Turkey, spinach production remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Iran (X% per year) and Jordan (X% per year).

The average spinach yield reduced slightly to X tons per ha in 2023, flattening at the year before. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the spinach yield attained the peak level at X tons per ha in 2022, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of spinach production in the Middle East shrank to X ha, therefore, remained relatively stable against 2022. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2023, the growth of the spinach harvested area remained at a somewhat lower figure.

Spinach Exports

Exports in the Middle East

In 2023, approx. X tons of spinach were exported in the Middle East; which is down by X% on the year before. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, spinach exports stood at $X in 2023. Overall, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey represented the main exporting country with an export of about X tons, which recorded X% of total exports. Syrian Arab Republic (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Lebanon (X%), Palestine (X%) and the United Arab Emirates (X%). The following exporters - Iran (X tons) and Oman (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Iran (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Lebanon ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Palestine, Syrian Arab Republic, Iran and Oman lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

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 the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Spinach Imports

Imports in the Middle East

In 2023, approx. X tons of spinach were imported in the Middle East; waning by X% against the previous year's figure. Overall, imports, however, showed buoyant growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, spinach imports reached $X in 2023. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) was the largest importer of spinach, achieving X% of total imports. Qatar (X tons) took the second position in the ranking, distantly followed by Kuwait (X tons), Saudi Arabia (X tons) and Jordan (X tons). All these countries together took approx. X% share of total imports. Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Jordan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of X%, saw 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

In 2023, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform