Middle East: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in the Middle East

The Middle Eastern flaked or rolled cereal market expanded notably to $X in 2023, surging by X% against the previous year. Overall, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Flaked or Rolled Cereals in the Middle East

In value terms, flaked or rolled cereal production totaled $X in 2023 estimated in export price. Overall, production saw a prominent increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Flaked or Rolled Cereals

Exports in the Middle East

Flaked or rolled cereal exports rose notably to X tons in 2023, increasing by X% on 2022. Over the period under review, exports saw a temperate expansion. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, flaked or rolled cereal exports totaled $X in 2023. In general, exports showed a moderate increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Turkey dominates exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total exports. The following exporters - Palestine (X tons) and Oman (X tons) - each recorded a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to flaked or rolled cereal exports from Turkey stood at X%. At the same time, Palestine (X%) and Oman (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest flaked or rolled cereal supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Palestine, with a X% share.

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

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, stabilizing at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

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 Oman (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flaked or Rolled Cereals

Imports in the Middle East

In 2023, after four years of decline, there was significant growth in overseas purchases of flaked or rolled cereals, when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, flaked or rolled cereal imports surged to $X in 2023. In general, imports, however, saw a abrupt shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Iraq was the major importer of flaked or rolled cereals in the Middle East, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%), the United Arab Emirates (X%) and Turkey (X%). The following importers - Jordan (X tons) and Oman (X tons) - each amounted to a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to flaked or rolled cereal imports into Iraq stood at X%. At the same time, Jordan (X%), Turkey (X%) and Oman (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Israel (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, the United Arab Emirates and Jordan increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flaked or rolled cereal importing markets in the Middle East were Iraq ($X), Saudi Arabia ($X) and Israel ($X), with a combined X% share of total imports. The United Arab Emirates, Turkey, Oman and Jordan lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Jordan, 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

The import price in the Middle East stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform