United Arab Emirates: Cheese And Curd Market Overview 2021

Cheese And Curd Market Size in the United Arab Emirates

The cheese and curd market in the United Arab Emirates rose rapidly to $X in 2020, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Cheese and curd consumption peaked at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

Cheese And Curd Exports

Exports from the United Arab Emirates

After two years of decline, shipments abroad of cheese and curd increased by X% to X tonnes in 2020. Overall, exports continue to indicate a remarkable increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cheese and curd exports skyrocketed to $X in 2020. Over the period under review, exports showed buoyant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tonnes) was the main destination for cheese and curd exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, cheese and curd exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tonnes), twofold. The third position in this ranking was occupied by Yemen (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Yemen (+X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for cheese and curd exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Saudi Arabia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Oman (-X% per year).

Export Prices by Country

In 2020, the average cheese and curd export price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. Over the period under review, average export prices hit record highs at $X per tonne in 2015; afterwards, it flattened through to 2020.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Maldives ($X per tonne), while the average price for exports to Yemen ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Iraq, while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into the United Arab Emirates

In 2020, approx. X tonnes of cheese and curd were imported into the United Arab Emirates; increasing by X% compared with the year before. In general, imports, however, saw a perceptible contraction. Imports peaked at X tonnes in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

In value terms, cheese and curd imports soared to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, Saudi Arabia (X tonnes) constituted the largest supplier of cheese and curd to the United Arab Emirates, accounting for a X% share of total imports. Moreover, cheese and curd imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), twofold. Egypt (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Saudi Arabia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Egypt (+X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of cheese and curd to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2020, the average cheese and curd import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Bahrain ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform