Saudi Arabia: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Saudi Arabia

In 2020, the Saudi market for processed cheese (excluding grated or powdered) decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Saudi Arabia

In value terms, production of processed cheese (excluding grated or powdered) reached $X in 2020 estimated in export prices. In general, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% y-o-y. Production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Saudi Arabia

For the fifth consecutive year, Saudi Arabia recorded growth in overseas shipments of processed cheese (excluding grated or powdered), which increased by X% to X tons in 2020. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, exports of processed cheese (excluding grated or powdered) skyrocketed to $X in 2020. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons), Oman (X tons) and Iraq (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Saudi Arabia, with a combined X% share of total exports. These countries were followed by Yemen, Kuwait, Lebanon and Egypt, which together accounted for a further X 2007 to 2020, the biggest increases were in Yemen (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed cheese (excluding grated or powdered) exported from Saudi Arabia were the United Arab Emirates ($X), Oman ($X) and Kuwait ($X), with a combined X% share of total exports.

Among the main countries of destination, Oman (+X% per year) 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

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, remaining stable against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per ton. From 2013 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Kuwait ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into Saudi Arabia

In 2020, overseas purchases of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) reached $X in 2020. Overall, total imports indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

Egypt (X tons), Poland (X tons) and Bahrain (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Saudi Arabia, together accounting for X% of total imports. Denmark, France, the U.S. and Morocco lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), Poland ($X) and Egypt ($X) appeared to be the largest processed cheese (excluding grated or powdered) suppliers to Saudi Arabia, together comprising X% of total imports. These countries were followed by Denmark, France, Morocco and the U.S., which together accounted for a further X the main suppliers, the U.S. recorded the highest growth rate of 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 average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, approximately reflecting the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Bahrain ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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