Saudi Arabia: Powdered Milk Market 2025

Powdered Milk Market Size in Saudi Arabia

The Saudi powdered milk market skyrocketed to $X in 2022, rising by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a mild descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Powdered Milk Exports

Exports from Saudi Arabia

After two years of growth, overseas shipments of powdered milk decreased by -5.4% to X tons in 2022. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 16%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, powdered milk exports stood at $X in 2022. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 35%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for powdered milk exports from Saudi Arabia, accounting for a 37% share of total exports. Moreover, powdered milk exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. Somalia (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+4.8% per year) and Somalia (+7.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for powdered milk exports from Saudi Arabia, comprising 46% of total exports. The second position in the ranking was taken by Somalia ($X), with an 11% share of total exports. It was followed by Iraq, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+1.2% per year) and Iraq (+1.3% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, growing by 8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Mauritania ($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 Qatar (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Saudi Arabia

In 2022, powdered milk imports into Saudi Arabia skyrocketed to X tons, growing by 20% on the year before. In general, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, powdered milk imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. As a result, imports reached 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), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main suppliers of powdered milk imports to Saudi Arabia, together comprising 63% of total imports. Oman, Germany, Belgium, Ireland, France and Australia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +30.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered milk suppliers to Saudi Arabia were New Zealand ($X), the United Arab Emirates ($X) and Oman ($X), together comprising 70% of total imports. The Netherlands, Germany, Belgium, Ireland, France and Australia lagged somewhat behind, together comprising a further 20%.

Ireland, with a CAGR of +31.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, dropping by -2.2% against the previous year. Overall, the import price saw a slight decline. The pace of growth was the most pronounced in 2013 an increase of 16%. 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 the United Arab Emirates ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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