Saudi Arabia: Skim Milk Market 2024

Skim Milk Market Size in Saudi Arabia

In 2021, the Saudi skim milk market decreased by -23.7% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, showed a noticeable increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Skim Milk Production in Saudi Arabia

In value terms, skim milk production declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +29.0% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Skim Milk Exports

Exports from Saudi Arabia

In 2021, the amount of skim milk exported from Saudi Arabia soared to X tons, picking up by 52% against the previous year's figure. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 127% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, skim milk exports surged to $X in 2021. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 149%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for skim milk exports from Saudi Arabia, accounting for a 41% share of total exports. Moreover, skim milk exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. The third position in this ranking was taken by Jordan (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +67.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+34.2% per year) and Jordan (+1.7% per year).

In value terms, the largest markets for skim milk exported from Saudi Arabia were the United Arab Emirates ($X), Kuwait ($X) and Jordan ($X), with a combined 62% share of total exports. Bahrain, Oman, Yemen and Iraq lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Oman, with a CAGR of +80.1%, 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

In 2021, the average skim milk export price amounted to $X per ton, declining by -9.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, 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 ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Milk Imports

Imports into Saudi Arabia

In 2019, purchases abroad of skim milk increased by 36% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 287% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, skim milk imports expanded sharply to $X in 2019. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of 293%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Germany (X tons) constituted the largest supplier of skim milk to Saudi Arabia, with a 44% share of total imports. Moreover, skim milk imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Kuwait (X tons), with a 15% share.

From 2012 to 2019, the average annual growth rate of volume from Germany stood at +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.2% per year) and Kuwait (+25.0% per year).

In value terms, Germany ($X) constituted the largest supplier of skim milk to Saudi Arabia, comprising 58% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by New Zealand, with an 8.3% share.

From 2012 to 2019, the average annual rate of growth in terms of value from Germany totaled +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+29.8% per year) and New Zealand (+22.7% per year).

Import Prices by Country

The average skim milk import price stood at $X per ton in 2019, waning by -21.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 40%. As a result, import price reached the peak level of $X per ton. From 2018 to 2019, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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