MENA: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in MENA

The MENA's yoghurt and fermented milk market shrank to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a noticeable expansion 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Yoghurt and Fermented Milk in MENA

In value terms, yoghurt and fermented milk production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Egypt (X tons) and Iran (X tons), with a combined X% share of total production. Saudi Arabia, Algeria, Morocco, the United Arab Emirates and Jordan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Jordan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Exports of Yoghurt and Fermented Milk

Exports in MENA

In 2022, approx. X tons of yoghurt and fermented milk were exported in MENA; approximately equating the previous year. Overall, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, yoghurt and fermented milk exports contracted to $X in 2022. Over the period under review, exports continue to indicate a mild reduction. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Iran was the key exporter of yoghurt and fermented milk in MENA, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons) and Kuwait (X tons), together generating a X% share of total exports. The following exporters - Turkey (X tons) and Tunisia (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt and fermented milk supplying countries in MENA were Saudi Arabia ($X), Iran ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Kuwait, Turkey and Tunisia lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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, remaining stable against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Yoghurt and Fermented Milk

Imports in MENA

In 2022, overseas purchases of yoghurt and fermented milk decreased by X% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, yoghurt and fermented milk imports expanded modestly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Iraq (X tons) and Oman (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Kuwait (X tons), the United Arab Emirates (X tons), Bahrain (X tons) and Saudi Arabia (X tons), together generating a X% share of total imports. Palestine (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

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

Oman, with a CAGR of X%, saw the highest growth rate of 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

The import price in MENA stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($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 more modest paces of growth.

Source: IndexBox Platform

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