United Arab Emirates - Cheese - Market Analysis, Forecast, Size, Trends and Insights

United Arab Emirates: Cheese Market Overview 2019

Cheese Market Size in the United Arab Emirates

The revenue of the cheese market in the United Arab Emirates amounted to $X in 2017, coming down 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). Overall, the total market indicated a modest increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cheese consumption decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2009, when it surged by X% against the previous year. Over the period under review, the cheese market attained its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Cheese Exports

Exports from the United Arab Emirates

Cheese exports from the United Arab Emirates amounted to X tonnes in 2017, going up by X% against the previous year. In general, cheese exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017, with an increase of X% year-to-year. In that year, the cheese exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, cheese exports amounted to $X in 2017. In general, cheese exports continue to indicate a prominent expansion. The exports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Exports by Country

Oman (X tonnes), Tanzania (X tonnes) and Afghanistan (X tonnes) were the main destinations of cheese exports from the United Arab Emirates, together accounting for X% of total exports. Syrian Arab Republic, Maldives, Somalia, Iran, Yemen and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Kyrgyzstan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest markets for cheese exported from the United Arab Emirates were Oman ($X), Maldives ($X) and Iran ($X), with a combined X% share of total exports. These countries were followed by Afghanistan, Yemen, Somalia, Tanzania, Syrian Arab Republic and Kyrgyzstan, which together accounted for a further X%.

Kyrgyzstan (+X% per year) recorded the highest growth rate of exports,in terms of the main countries of destination over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese export price stood at $X per tonne in 2017, lowering by -X% against the previous year. In general, cheese export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2015, an increase of X% year-to-year. In that year, the average export prices for cheese reached their peak level of $X per tonne. From 2016 to 2017, growth of the average export prices for cheese failed to regain its momentum.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Maldives ($X per tonne), while average price for exports to Tanzania ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Iran (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into the United Arab Emirates

Cheese imports into the United Arab Emirates amounted to X tonnes in 2017, going down by -X% against the previous year. Overall, cheese imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. Over the period under review, the cheese imports attained its peak figure volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, cheese imports stood at $X in 2017. Overall, the total imports indicated a moderate expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cheese imports decreased by -X% against 2015 indices. The imports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Imports by Country

In 2017, Saudi Arabia (X tonnes) constituted the largest supplier of cheese to the United Arab Emirates, accounting for X% share of total imports. Moreover, cheese imports from Saudi Arabia exceeded the figures recorded by the second largest supplier, Egypt (X tonnes), threefold. New Zealand (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, 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: Egypt (+X% per year) and New Zealand (-X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of cheese to the United Arab Emirates, making up X% of total cheese imports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Saudi Arabia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2017, the average cheese import price amounted to $X per tonne, flattening at the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008, an increase of X% y-o-y. The import price peaked of $X per tonne in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Bahrain ($X per tonne), while price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Denmark (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform