Price for Protein; Concentrates and Textured Protein Substances in the United Arab Emirates - 2022

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in the United Arab Emirates (CIF) - 2022
2. Price for Protein; Concentrates and Textured Protein Substances in the United Arab Emirates (FOB) - 2022
3. Imports of Protein; Concentrates and Textured Protein Substances in the United Arab Emirates
4. Exports of Protein; Concentrates and Textured Protein Substances in the United Arab Emirates

Price for Protein; Concentrates and Textured Protein Substances in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $5,125 per ton, dropping by -24.6% against the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17%. The import price peaked at $7,031 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,710 per ton), while the price for Argentina ($1,126 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Protein; Concentrates and Textured Protein Substances in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $5,369 per ton, growing by 8.8% against the previous year. In general, the export price recorded a measured increase. The growth pace was the most rapid in 2018 when the average export price increased by 112% against the previous year. Over the period under review, the average export prices hit record highs at $7,886 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($15,530 per ton), while the average price for exports to Comoros ($977 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein; Concentrates and Textured Protein Substances in the United Arab Emirates

Imports of protein; concentrates and textured protein substanceses into the United Arab Emirates soared to 9.7K tons in 2022, with an increase of 16% compared with the previous year. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of protein; concentrates and textured protein substanceses reduced to $50M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of $57M, and then reduced in the following year.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to the United Arab Emirates in 2022:

1. United States (3.9K tons)
2. India (2.7K tons)
3. United Kingdom (1.0K tons)
4. China (0.5K tons)
5. Thailand (0.5K tons)
6. Belgium (0.2K tons)
7. Argentina (0.2K tons)

Exports of Protein; Concentrates and Textured Protein Substances in the United Arab Emirates

In 2022, approx. 2.1K tons of protein; concentrates and textured protein substanceses were exported from the United Arab Emirates; rising by 223% on 2021. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of protein; concentrates and textured protein substanceses surged to $11M in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from the United Arab Emirates in 2022:

1. Saudi Arabia (499.4 tons)
2. Oman (157.4 tons)
3. Kuwait (139.2 tons)
4. India (122.3 tons)
5. China (110.2 tons)
6. Bahrain (107.5 tons)
7. Sudan (103.3 tons)
8. Iraq (95.8 tons)
9. Pakistan (92.6 tons)
10. Bangladesh (76.8 tons)
11. Jordan (67.6 tons)
12. Sri Lanka (55.4 tons)
13. Comoros (41.9 tons)

Source: IndexBox Market Intelligence Platform