United Arab Emirates: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in the United Arab Emirates

In 2022, the butter and dairy spreads market in the United Arab Emirates decreased by -3.6% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Butter And Dairy Spreads in the United Arab Emirates

In value terms, butter and dairy spreads production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 76% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Butter And Dairy Spreads

Exports from the United Arab Emirates

In 2022, shipments abroad of butter and dairy spreads increased by 78% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 515% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, butter and dairy spreads exports contracted rapidly to $X in 2022. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 1,251%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X tons) was the main destination for butter and dairy spreads exports from the United Arab Emirates, with a 64% share of total exports. Moreover, butter and dairy spreads exports to Benin exceeded the volume sent to the second major destination, Tanzania (X tons), sixfold. The third position in this ranking was held by Bahrain (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Benin stood at +104.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+23.3% per year) and Bahrain (+29.0% per year).

In value terms, Jordan ($X), Sri Lanka ($X) and Rwanda ($X) were the largest markets for butter and dairy spreads exported from the United Arab Emirates worldwide, with a combined 45% share of total exports.

Rwanda, with a CAGR of +186.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average butter and dairy spreads export price amounted to $X per ton, reducing by -59.8% against the previous year. In general, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 120% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Benin ($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 Iran (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into the United Arab Emirates

In 2022, after four years of decline, there was significant growth in overseas purchases of butter and dairy spreads, when their volume increased by 7.6% to X tons. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.7% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 54% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, butter and dairy spreads imports amounted to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 103% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

New Zealand (X tons), Denmark (X tons) and France (X tons) were the main suppliers of butter and dairy spreads imports to the United Arab Emirates, with a combined 48% share of total imports. India, Turkey, Germany, Uruguay, the United States and Australia lagged somewhat behind, together comprising a further 14%.

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 +62.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), New Zealand ($X) and France ($X) were the largest butter and dairy spreads suppliers to the United Arab Emirates, with a combined 48% share of total imports. India, Turkey, Germany, Uruguay, the United States and Australia lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Turkey, with a CAGR of +57.2%, 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

In 2022, the average butter and dairy spreads import price amounted to $X per ton, with a decrease of -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2017 an increase of 31%. The import price peaked at $X per ton in 2021, and then declined modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :