Market Research Report
Agriculture in MENA Region Analysis of Production, Consumption, Import and Export Data and Trends (2017 - 2022)
|Published by||Mordor Intelligence LLP||Product code||392336|
|Published||Content info||130 Pages
Delivery time: 1-2 business days
|Agriculture in MENA Region Analysis of Production, Consumption, Import and Export Data and Trends (2017 - 2022)|
|Published: January 1, 2017||Content info: 130 Pages||
Agriculture is an important aspect of economy of region, despite the fact that the region suffers from water scarcity and is very dry. Various North African countries across Mediterranean Sea are highly reliant on agriculture like Egypt, Morocco and Tunisia. The contribution of agriculture to overall Gross Domestic Product varies greatly across these nations from about 3% in Kingdom of Saudi Arabia to 14% in Egypt. Large scale irrigation along with modernisation has supported extensive production of cash crops which includes fruits, vegetables, cereals, and sugar in the Middle East. The water scarcity along with high evaporation rate is responsible for such low percentage of agriculture in the nations in Arabian Peninsula. However, Agriculture is still of special interest to these countries as the whole Arabian Peninsula is majorly dependent on the imports for meeting it food demands.As of 2015, the Agriculture sector in the region is valued at USD XX.XX billion and is expected to grow at a CAGR of XX.XX% for the next five years.
MENA Agriculture Market is developing due to rapidly increasing tourism (normal as well as at the time of Holy festival of Ramadan), Increase in consumption, advanced technologies, low water requirement in Horticulture process and Government Initiatives in most of the countries. They are also using Desalination for potable drinking water, which helped the country to increase the production of crops, fruits and vegetables. Horticulture is the new trend in agriculture production which have given boost to the production.
Key factors driving the growth of the Fishery Consumables & Meat industry of the country are inclination of growth towards tourism, robust economic growth, changing consumer trends, and advanced technologies. Strong economic growth leading to higher protein consumption, growing numbers of domestic, as well as, expat population.The consumer food service industry in the MENA region is unique and profitable, and is expected to continue experiencing strong growth in the future. With a large proportion of expatriates and standards of living in the world, the demand for a variety of foodservice options is on the rise driving the dairy .
Restraints and Challenges
Low water availability , limited rainfall , limited arable land are the biggest restraints for agriculture production in the country.The area is dry and it has stayed like this for a long period and it is very tough to practice traditional ways of farming is such conditions.Very few parts of the country have above average conditions and support farming and hence the production has been low in the country.Moreover the desert storms add to the worry and harm the produce. Due to these reasons farmers have incurred huge losses in the past which has led to people moving away from farming and agriculture.Such harsh conditions restrict the growth of dairy as well as fishery consumables & meat market as it is tough for the animals also to cope with such conditions.
Keeping in mind the growth in food consumption, the governments in these nations are taking all the measures to improve local production. New technology and latest methods of farming are being implemented to grow crops.The governments of the MENA countries have undertaken several food security initiatives in the form of framing policies that encourage private investments in the agricultural sector.Moreover governments are lending their support to dairy as well as fishery consumables & meat market as they want to reduce their imports and become self sufficient in the future in most of the nations.Many storage facilities, slaughter houses and farms have been setup and many are in the pipeline.
●The signing of Greater Arab Free trade Agreement (GAFTA) which aims to reduce tariffs and trade barriers, is likely to increase the intra MENA trade in the region. It is evident from the fact that trade among MENA countries have risen sharply in the last few years. As per IMF data, intra MENA trade has surpassed US $ 2.5 trillion.
●The Syrian Crisis and the instability in the region has plummeted the availability of livestock and food production in the region mainly because of rising number of abandoned livestock, sinking of cultivated areas and the lack of fodder & vaccines. This has affected various small nations like Jordon, which imports food from Syria. Rise in Syrian refugees in Jordon has increased demand of food in the country. Thus, falling supply along with rising demand has skyrocketed the price of meat and allied agro products in many neighbouring nations.
●The Federation of UAE Chamber of Commerce and Industry announced its plans to increase the agricultural investments overseas.
●To improve food security in UAE, the Khalifa Fund for Enterprise Development invested USD 35.4 million for developing 130 farms.
●In a goal to achieve food security in Bahrain, the Government of Agriculture and Marine Resources in Bahrain agreed to sign a MoU with a Malaysian company, for knowledge sharing.
●The newly appointed Minister of Agriculture of Saudi Arabia , Waleed Al-Kuraiji said that the Kingdom will rely completely on imported wheat starting from 2016.
About the Market
PESTLE Analysis (Overview): Macro market factors pertinent to this region
Market Definition: Main as well as associated/ancillary components constituting the market
Key Findings of the Study: Top headlines about market trends & numbers
Drivers: What are the key factors driving growth in the market?
Restraints: Most relevant threats and restraints which hinder the growth of the market?
Opportunities: Sectors of high return or quick turn around on investment?
Market Concentration: Porter's 5 Forces Analysis quantified by a comprehensive list of parameters
Market Share Analysis: Top players in the market (by value and volume)
Company Profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders with contact, operations, product/service offerings, financials and strategies & insights