MENA: Powdered Milk Market 2024

Powdered Milk Market Size in MENA

The MENA's powdered milk market rose remarkably to $X in 2022, surging by 6.5% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Powdered Milk Production in MENA

In value terms, powdered milk production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate moderate growth. The pace of growth appeared the most rapid in 2019 with an increase of 81%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Turkey (X tons) constituted the country with the largest volume of powdered milk production, comprising approx. 72% of total volume. Moreover, powdered milk production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), threefold.

In Turkey, powdered milk production expanded at an average annual rate of +10.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Iran (+6.4% per year) and Israel (+0.0% per year).

Powdered Milk Exports

Exports in MENA

Powdered milk exports reduced to X tons in 2022, shrinking by -8.3% against the year before. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +16.5% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by 34%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered milk exports fell to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +22.1% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 35%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of around X tons, which finished at 46% of total exports. Turkey (X tons) held a 27% share (based on physical terms) of total exports, which put it in second place, followed by Oman (10%) and Saudi Arabia (10%). Iran (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +43.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2022, with a combined 85% share of total exports.

Turkey, with a CAGR of +45.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by 5.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.4%), while the other leaders experienced more modest paces of growth.

Powdered Milk Imports

Imports in MENA

In 2022, imports of powdered milk in MENA stood at X tons, with an increase of 7.6% on 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. The volume of import peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, powdered milk imports rose significantly to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.9% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 33%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Algeria (X tons) represented the largest importer of powdered milk, committing 36% of total imports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Yemen (X tons), Oman (X tons), Egypt (X tons) and Iraq (X tons), together comprising a 50% share of total imports.

Imports into Algeria increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Yemen (+8.1%) and Iraq (+5.9%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in MENA, with a CAGR of +8.1% from 2012-2022. The United Arab Emirates and Oman experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-1.6%) and Egypt (-1.9%) illustrated a downward trend over the same period. While the share of Algeria (+8.4 p.p.) and Yemen (+3.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-2.4 p.p.), Egypt (-3.5 p.p.) and Saudi Arabia (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) constitutes the largest market for imported powdered milk in MENA, comprising 34% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Saudi Arabia, with an 11% share.

In Algeria, powdered milk imports increased at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.1% per year) and Saudi Arabia (-3.3% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, which is down by -2% against the previous year. Over the period under review, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 17% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform