Saudi Arabia: Milk Market 2024

Milk Market Size in Saudi Arabia

The Saudi milk market expanded slightly to $X in 2022, growing 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 in certain years. Milk consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Milk Production in Saudi Arabia

In value terms, milk production reached $X in 2022 estimated in export price. The total output 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. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Milk Exports

Exports from Saudi Arabia

Milk exports from Saudi Arabia shrank rapidly to X tons in 2022, declining by X% on the year before. Overall, total exports indicated a mild expansion from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, milk exports dropped to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for milk exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, milk exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. Jordan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Jordan (X% per year).

In value terms, the largest markets for milk exported from Saudi Arabia were the United Arab Emirates ($X), Kuwait ($X) and Jordan ($X), with a combined X% share of total exports. Bahrain, Oman, Yemen and Iraq lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Iraq, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average milk export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a mild downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milk Imports

Imports into Saudi Arabia

In 2019, supplies from abroad of milk increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2019, imports failed to regain momentum.

In value terms, milk imports totaled $X in 2019. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Germany (X tons) constituted the largest supplier of milk to Saudi Arabia, accounting for a X% share of total imports. Moreover, milk imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Kuwait (X tons), with a X% share.

From 2012 to 2019, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Kuwait (X% per year).

In value terms, Germany ($X) constituted the largest supplier of milk to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by New Zealand, with an X% share.

From 2012 to 2019, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2019, the average milk import price amounted to $X per ton, declining by X% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2019: its price increased at an average annual rate of X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, milk import price decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2019, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Iran (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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