Middle East: Cream Market 2021

Cream Market Size in the Middle East

In 2020, the Middle Eastern cream market increased by X% to $X, rising for the seventh year in a row after two years of decline. The market 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Cream Production in the Middle East

In value terms, cream production rose markedly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level in 2020 and is likely to see gradual growth in the near future.

Production By Country in the Middle East

The countries with the highest volumes of cream production in 2020 were Iran (X tons), Saudi Arabia (X tons) and Syrian Arab Republic (X tons), together accounting for X% of total production. These countries were followed by Yemen, Turkey, the United Arab Emirates, Israel and Oman, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of cream production, amongst the leading producing countries, was attained by Turkey, while cream production for the other leaders experienced more modest paces of growth.

Cream Exports

Exports in the Middle East

In 2020, exports of cream in the Middle East reached X tons, increasing by X% on the previous year's figure. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. From 2011 to 2020, the growth exports remained at a lower figure.

In value terms, cream exports expanded sharply to $X in 2020. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Turkey (X tons) was the main exporter of cream, creating X% of total exports. Kuwait (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%) and Oman (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Oman (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Kuwait (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Saudi Arabia, Turkey, Oman and the United Arab Emirates increased by +X%, +X%, +X% and +X% percentage points, while Kuwait (-X p.p.) saw their share reduced.

In value terms, Turkey ($X) remains the largest cream supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Turkey stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The cream export price in the Middle East stood at $X per ton in 2020, rising by X% against the previous year. In general, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2012 to 2020, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) 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 other leaders experienced a decline in the export price figures.

Cream Imports

Imports in the Middle East

In 2020, purchases abroad of cream increased by X% to X tons, rising for the eighth consecutive year after four years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, cream imports reached $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 throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Kuwait (X tons), distantly followed by Jordan (X tons), Saudi Arabia (X tons) and Bahrain (X tons) were the largest importers of cream, together making up X% of total imports. Iraq (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Jordan, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream importing markets in the Middle East were Saudi Arabia ($X), Kuwait ($X) and Jordan ($X), together comprising X% of total imports.

In terms of the main importing countries, Jordan saw 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 cream import price in the Middle East stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The level of import peaked in 2020 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($X per ton) 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 other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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