Middle East: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in the Middle East

The Middle Eastern butter and dairy spreads market rose rapidly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Butter And Dairy Spreads in the Middle East

In value terms, butter and dairy spreads production surged to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X,041,000%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Turkey (X tons) constituted the country with the largest volume of butter and dairy spreads production, comprising approx. X% of total volume.

In Turkey, butter and dairy spreads production increased at an average annual rate of X% over the period from 2012-2022.

Exports of Butter And Dairy Spreads

Exports in the Middle East

In 2022, overseas shipments of butter and dairy spreads increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, butter and dairy spreads exports surged to $X in 2022. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the largest exporter of butter and dairy spreads in the Middle East, with the volume of exports reaching 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 Iran (X tons), together making up a X% share of total exports.

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

In value terms, the largest butter and dairy spreads supplying countries in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

Among the main exporting countries, Turkey, 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 the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price 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, butter and dairy spreads export price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) and Iran ($X per ton) were 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.

Imports of Butter And Dairy Spreads

Imports in the Middle East

After two years of decline, purchases abroad of butter and dairy spreads increased by X% to X tons in 2022. Overall, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, butter and dairy spreads imports soared to $X in 2022. The total import value increased at an average annual rate of X% 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 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons), distantly followed by the United Arab Emirates (X tons), Bahrain (X tons), Kuwait (X tons) and Qatar (X tons) were the major importers of butter and dairy spreads, together making up X% of total imports. The following importers - Iran (X tons) and Israel (X tons) - together made up X% of total imports.

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

In value terms, the largest butter and dairy spreads importing markets in the Middle East were Saudi Arabia ($X), Bahrain ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, picking up 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 2017 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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