Iran: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Iran

The Iranian buttermilk and buttermilk powder market dropped to $X in 2022, which is down by -5.7% against the previous year. Over the period under review, consumption showed a noticeable reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in Iran

In value terms, buttermilk and buttermilk powder production contracted to $X in 2022 estimated in export price. Overall, production recorded a perceptible contraction. The growth pace was the most rapid in 2016 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Iran

In 2022, after two years of growth, there was significant decline in overseas shipments of buttermilk and buttermilk powder, when their volume decreased by -7.5% to X tons. Overall, exports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 5,219%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports shrank to $X in 2022. Over the period under review, exports, however, posted mild growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,583% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for buttermilk and buttermilk powder exports from Iran, with a 90% share of total exports. Moreover, buttermilk and buttermilk powder exports to Iraq exceeded the volume sent to the second major destination, Afghanistan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled +3.5%.

In value terms, Iraq ($X) remains the key foreign market for buttermilk and buttermilk powder exports from Iran, comprising 80% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iraq was relatively modest.

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, with a decrease of -3.9% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 an increase of 28%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Iraq amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+7.5%).

Imports of Buttermilk And Buttermilk Powder

Imports into Iran

In 2022, after four years of decline, there was significant growth in supplies from abroad of buttermilk and buttermilk powder, when their volume increased by 172% to X tons. Over the period under review, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 192%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, buttermilk and buttermilk powder imports soared to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 364% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and the United Arab Emirates (X tons) were the main suppliers of buttermilk and buttermilk powder imports to Iran, together comprising 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +31.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest buttermilk and buttermilk powder suppliers to Iran were Italy ($X), the United Arab Emirates ($X) and Germany ($X), with a combined 89% share of total imports.

Among the main suppliers, Germany, with a CAGR of +29.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average buttermilk and buttermilk powder import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, saw modest growth. The growth pace was the most rapid in 2017 an increase of 159% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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