MENA: Skim Milk Market 2024

Skim Milk Market Size in MENA

In 2021, the MENA's skim milk market decreased by -2.9% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a mild contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Skim Milk Production in MENA

In value terms, skim milk production contracted slightly to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 36%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Turkey (X tons), Iran (X tons) and Morocco (X tons), with a combined 82% share of total production. Egypt, Saudi Arabia and Tunisia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +7.2%), while production for the other leaders experienced more modest paces of growth.

Skim Milk Exports

Exports in MENA

In 2021, approx. X tons of skim milk were exported in MENA; picking up by 41% compared with the previous year's figure. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 90% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, skim milk exports surged to $X in 2021. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 112%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia dominates exports structure, accounting for X tons, which was near 89% of total exports in 2021. It was distantly followed by Egypt (X tons), achieving a 7.8% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the skim milk exports, with a CAGR of +19.7% from 2012 to 2021. At the same time, Egypt (+7.3%) displayed positive paces of growth. From 2012 to 2021, the share of Saudi Arabia increased by +17 percentage points.

In value terms, Saudi Arabia ($X) remains the largest skim milk supplier in MENA, comprising 90% of total exports. The second position in the ranking was taken by Egypt ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia amounted to +19.2%.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, which is down by -6.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 19%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Egypt totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.4%).

Skim Milk Imports

Imports in MENA

In 2021, skim milk imports in MENA surged to X tons, increasing by 53% compared with the previous year. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 85% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, skim milk imports skyrocketed to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.9% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 59%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) represented the largest importer of skim milk, generating 48% of total imports. It was distantly followed by Kuwait (X tons), Bahrain (X tons), Oman (X tons), Libya (X tons) and Iraq (X tons), together constituting a 46% share of total imports. Jordan (X tons) took a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the skim milk imports, with a CAGR of +54.5% from 2012 to 2021. At the same time, Oman (+27.2%), Kuwait (+26.1%), Iraq (+12.7%), Bahrain (+7.2%) and Jordan (+3.6%) displayed positive paces of growth. By contrast, Libya (-2.1%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+45 p.p.), Kuwait (+11 p.p.) and Oman (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Jordan (-3.5 p.p.), Bahrain (-3.8 p.p.) and Libya (-14.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Bahrain ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 70% of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +44.8%, 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 more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, reducing by -8.2% against the previous year. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform