Middle East: Cream Fresh Market 2024

Cream Fresh Market Size in the Middle East

After two years of growth, the Middle Eastern cream fresh market decreased by X% to $X in 2022. The total consumption indicated a noticeable 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. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cream Fresh Production in the Middle East

In value terms, cream fresh production surged 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. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Saudi Arabia (X tons) remains the largest cream fresh producing country in the Middle East, 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. The third position in this ranking was held by Kuwait (X tons), with a X% share.

In Saudi Arabia, cream fresh production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Kuwait (X% per year).

Cream Fresh Exports

Exports in the Middle East

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 posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cream fresh exports soared to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 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

Saudi Arabia (X tons) and Kuwait (X tons) were the main exporters of cream fresh in 2022, amounting to near X% and X% of total exports, respectively. Iran (X tons) ranks next in terms of the total exports with a X% share, followed by the United Arab Emirates (X%) and Turkey (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

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

The United Arab Emirates, with a CAGR of X%, recorded 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 mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a pronounced decline. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Kuwait ($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 mixed trends in the export price figures.

Cream Fresh Imports

Imports in the Middle East

After two years of growth, supplies from abroad of cream fresh decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cream fresh imports fell rapidly to $X in 2022. In general, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

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) and Saudi Arabia (X tons) were the major importers of cream fresh, together achieving X% of total imports.

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

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

Yemen, with a CAGR of X%, recorded 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

In 2022, the import price in the Middle East amounted to $X per ton, remaining constant against the previous year. Overall, the import price saw a deep contraction. 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 failed to regain momentum.

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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