Saudi Arabia: Dairy Produce Market 2024

Dairy Produce Market Size in Saudi Arabia

In 2022, the Saudi dairy produce market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; afterwards, it flattened through to 2022.

Dairy Produce Production in Saudi Arabia

In value terms, dairy produce production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Dairy Produce Exports

Exports from Saudi Arabia

In 2022, shipments abroad of dairy produce decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, dairy produce exports declined to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Kuwait (X tons) and Bahrain (X tons) were the main destinations of dairy produce exports from Saudi Arabia, together accounting for X% of total exports. Oman, Jordan, Iraq, Yemen and Libya lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for dairy produce exported from Saudi Arabia were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), with a combined X% share of total exports. Bahrain, Jordan, Iraq, Yemen and Libya lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Iraq, with a CAGR of X%, saw the highest growth rate of 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 dairy produce export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Libya ($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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into Saudi Arabia

In 2022, approx. X tons of dairy produce were imported into Saudi Arabia; with an increase of X% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, dairy produce imports rose to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. 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

New Zealand (X tons), Denmark (X tons) and the United Arab Emirates (X tons) were the main suppliers of dairy produce imports to Saudi Arabia, together accounting for X% of total imports. The Netherlands, Germany, Bahrain, Egypt, Poland, the United States, France, Turkey, Ireland and Oman lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy produce suppliers to Saudi Arabia were New Zealand ($X), the United Arab Emirates ($X) and Denmark ($X), together comprising X% of total imports. The Netherlands, Bahrain, Germany, Poland, the United States, France, Egypt, Ireland, Oman and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ireland, with a CAGR of X%, 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

In 2022, the average dairy produce import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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