United Arab Emirates: Cheese And Curd Market 2024

Cheese And Curd Market Size in the United Arab Emirates

In 2022, the cheese and curd market in the United Arab Emirates increased by 6.9% to $X, rising for the fifth year in a row after two years of decline. In general, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Cheese And Curd Production in the United Arab Emirates

In value terms, cheese and curd production reached $X in 2022 estimated in export price. Overall, production posted a strong expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 68% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cheese And Curd Exports

Exports from the United Arab Emirates

Cheese and curd exports from the United Arab Emirates reduced remarkably to X tons in 2022, declining by -27.9% compared with the year before. Overall, exports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of 346%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, cheese and curd exports dropped markedly to $X in 2022. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 248% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank notably in the following year.

Exports by Country

Bahrain (X tons), the United States (X tons) and Canada (X tons) were the main destinations of cheese and curd exports from the United Arab Emirates, together comprising 55% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +562.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese and curd exported from the United Arab Emirates were Bahrain ($X), the United States ($X) and Jordan ($X), together accounting for 73% of total exports. Egypt, the Philippines, Canada, Burundi, Maldives and Oman lagged somewhat behind, together comprising a further 14%.

Canada, with a CAGR of +598.4%, recorded the highest growth rate of 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 cheese and curd export price amounted to $X per ton, rising by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Burundi ($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 the United States (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into the United Arab Emirates

In 2022, cheese and curd imports into the United Arab Emirates shrank to X tons, with a decrease of -5.7% on the year before. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, cheese and curd imports fell modestly to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 46%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Turkey (X tons) and New Zealand (X tons) were the main suppliers of cheese and curd imports to the United Arab Emirates, with a combined 28% share of total imports. France, Poland, Egypt, India, Italy, Germany, the Netherlands, the UK, Ireland and the Czech Republic lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to the United Arab Emirates were the United States ($X), Turkey ($X) and France ($X), together accounting for 23% of total imports. New Zealand, Italy, Egypt, the UK, Germany, the Netherlands, Poland, India, Ireland and the Czech Republic lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Ireland, with a CAGR of +27.6%, 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 cheese and curd import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2013 an increase of 23%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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