GCC: Market for Processed cheese (excluding grated or powdered) 2024

Market Size for Processed cheese (excluding grated or powdered) in GCC

The GCC market for processed cheese (excluding grated or powdered) expanded sharply to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Processed cheese (excluding grated or powdered) in GCC

In value terms, production of processed cheese (excluding grated or powdered) declined rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2021, and then shrank dramatically in the following year.

Exports of Processed cheese (excluding grated or powdered)

Exports in GCC

For the third year in a row, GCC recorded growth in shipments abroad of processed cheese (excluding grated or powdered), which increased by X% to X tons in 2022. Overall, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of processed cheese (excluding grated or powdered) skyrocketed to $X in 2022. In general, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bahrain represented the major exporting country with an export of about X tons, which accounted for X% of total exports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%) and Oman (X%). Kuwait (X tons) followed a long way behind the leaders.

Exports from Bahrain increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Kuwait (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Oman (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bahrain ($X) remains the largest processed cheese (excluding grated or powdered) supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Bahrain amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Processed cheese (excluding grated or powdered)

Imports in GCC

In 2022, the amount of processed cheese (excluding grated or powdered) imported in GCC rose markedly to X tons, with an increase of X% against the previous year's figure. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of processed cheese (excluding grated or powdered) soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Saudi Arabia was the major importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Oman (X tons) and Kuwait (X tons), together mixing up a X% share of total imports. The following importers - Qatar (X tons) and Bahrain (X tons) - each recorded a X% share of total imports.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Oman (X%), Kuwait (X%) and Qatar (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Oman, 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 2022, the import price in GCC amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a mild downturn. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Qatar ($X per ton) and Oman ($X per ton), while Saudi Arabia ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :