MENA: Cheese And Curd Market 2024

Cheese And Curd Market Size in MENA

The MENA's cheese and curd market declined to $X in 2022, remaining stable against the previous year. In general, consumption continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cheese And Curd Production in MENA

In value terms, cheese and curd production declined to $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cheese And Curd Exports

Exports in MENA

In 2022, after three years of decline, there was growth in overseas shipments of cheese and curd, when their volume increased by X% to X tons. In general, exports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese and curd exports rose to $X in 2022. Overall, exports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Saudi Arabia (X tons), Turkey (X tons) and Egypt (X tons), together recording X% of total export. It was distantly followed by Bahrain (X tons), comprising an X% share of total exports. The United Arab Emirates (X tons), Jordan (X tons) and Iran (X tons) followed a long way behind the leaders.

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

In value terms, Saudi Arabia ($X), Turkey ($X) and Egypt ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Bahrain, the United Arab Emirates, Jordan and Iran lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

In 2022, the export price in MENA amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 Bahrain ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Cheese And Curd Imports

Imports in MENA

In 2022, overseas purchases of cheese and curd decreased by X% to X tons, falling for the third consecutive year after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cheese and curd imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

Saudi Arabia was the largest importer of cheese and curd in MENA, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. The United Arab Emirates (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%), Libya (X%), Algeria (X%), Kuwait (X%) and Yemen (X%). Oman (X tons), Morocco (X tons), Bahrain (X tons), Jordan (X tons), Lebanon (X tons) and Israel (X tons) held a minor share of total imports.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%), Morocco (X%), Algeria (X%), Iraq (X%), the United Arab Emirates (X%), Libya (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Oman, Bahrain and Kuwait experienced a relatively flat trend pattern. By contrast, Jordan (X%) and Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia, Israel, Iraq and Algeria increased by X, X, X and X percentage points, 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 Iraq ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Kuwait, Libya, Algeria, Morocco, Oman, Jordan, Israel, Bahrain, Lebanon and Yemen lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Israel, 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 MENA amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Israel ($X per ton), while Yemen ($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

Frequently Asked Questions (FAQ) :