Middle East: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in the Middle East

The Middle Eastern buttermilk and buttermilk powder market declined to $X in 2022, falling by -9% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in the Middle East

In value terms, buttermilk and buttermilk powder production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 25%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports in the Middle East

In 2022, approx. X tons of buttermilk and buttermilk powder were exported in the Middle East; with a decrease of -17.4% on the previous year. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 244% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, buttermilk and buttermilk powder exports reduced markedly to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 190% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia was the largest exporting country with an export of about X tons, which finished at 44% of total exports. It was distantly followed by the United Arab Emirates (X tons), Kuwait (X tons) and Syrian Arab Republic (X tons), together creating a 50% share of total exports. Turkey (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +28.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest buttermilk and buttermilk powder supplier in the Middle East, comprising 50% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Kuwait, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia stood at +7.9%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+26.8% per year) and Kuwait (+25.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 25% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Buttermilk And Buttermilk Powder

Imports in the Middle East

In 2022, approx. X tons of buttermilk and buttermilk powder were imported in the Middle East; which is down by -13.9% on the previous year. In general, imports, however, showed a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of 68% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, buttermilk and buttermilk powder imports reduced slightly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 34%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Oman (X tons), Kuwait (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Bahrain (X tons) and Iraq (X tons) was the major importer of buttermilk and buttermilk powder in the Middle East, generating 89% of total import. Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 59% of total imports. Oman, Bahrain, Iraq and Yemen lagged somewhat behind, together accounting for a further 33%.

Iraq, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by 10% against the previous year. Overall, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2020 when the import price increased by 19%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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