Saudi Arabia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Saudi Arabia

After three years of growth, the Saudi cheese and curd market decreased by -2% to $X in 2022. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted slightly in the following year.

Cheese And Curd Production in Saudi Arabia

In value terms, cheese and curd production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 25% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cheese And Curd Exports

Exports from Saudi Arabia

In 2022, overseas shipments of cheese and curd increased by 3.9% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 78% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports amounted to $X in 2022. In general, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Iraq (X tons) and Yemen (X tons) were the main destinations of cheese and curd exports from Saudi Arabia, together comprising 56% of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +37.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese and curd exported from Saudi Arabia were the United Arab Emirates ($X), Kuwait ($X) and Iraq ($X), together comprising 55% of total exports.

Among the main countries of destination, Iraq, with a CAGR of +30.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, leveling off at the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cheese and curd export price decreased by -0.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 35%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Saudi Arabia

Cheese and curd imports into Saudi Arabia fell modestly to X tons in 2022, dropping by -2.1% against the year before. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, cheese and curd imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 20%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons), Bahrain (X tons) and Egypt (X tons) were the main suppliers of cheese and curd imports to Saudi Arabia, together comprising 51% of total imports. Poland, the United States, New Zealand, France, Ireland, Germany, Turkey, Hungary and Jordan lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Saudi Arabia were Denmark ($X), Bahrain ($X) and Poland ($X), together comprising 48% of total imports. The United States, Egypt, New Zealand, France, Ireland, Germany, Turkey, Jordan and Hungary lagged somewhat behind, together comprising a further 39%.

Turkey, with a CAGR of +25.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 5.1% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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