MENA: Cream Fresh Market 2024

Cream Fresh Market Size in MENA

The MENA's cream fresh market fell sharply to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Cream Fresh Production in MENA

In value terms, cream fresh production soared to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

Saudi Arabia (X tons) constituted the country with the largest volume of cream fresh production, comprising approx. X% of total volume. Moreover, cream fresh production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Iran (X tons), threefold. Tunisia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Saudi Arabia amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Iran (X% per year) and Tunisia (X% per year).

Cream Fresh Exports

Exports in MENA

In 2022, shipments abroad of cream fresh increased by X% to X tons, rising for the third year in a row after three years of decline. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, cream fresh exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Saudi Arabia (X tons) and Kuwait (X tons) were the major exporters of cream fresh in MENA, together finishing at approx. X% of total exports. It was distantly followed by Iran (X tons), the United Arab Emirates (X tons), Tunisia (X tons), Morocco (X tons) and Turkey (X tons), together achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh supplying countries in MENA were Iran ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total exports. The United Arab Emirates, Turkey, Morocco and Tunisia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Morocco, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 MENA stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while Tunisia ($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 mixed trends in the export price figures.

Cream Fresh Imports

Imports in MENA

In 2022, after two years of growth, there was significant decline in overseas purchases of cream fresh, when their volume decreased by X% to X tons. In general, imports, however, posted a strong expansion. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cream fresh imports shrank remarkably to $X in 2022. Overall, imports, however, saw measured growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Iraq (X tons), distantly followed by Bahrain (X tons), Oman (X tons), Yemen (X tons), the United Arab Emirates (X tons), Kuwait (X tons), Libya (X tons) and Saudi Arabia (X tons) represented the main importers of cream fresh, together committing X% of total imports. Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh importing markets in MENA were Iraq ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total imports. Kuwait, Bahrain, Saudi Arabia, Yemen, Lebanon and Libya lagged somewhat behind, together accounting for a further X%.

Yemen, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 MENA amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Kuwait ($X per ton), while Bahrain ($X per ton) was 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

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