MENA: Cream Fresh Market 2024

Cream Fresh Market Size in MENA

For the fourth year in a row, the MENA's cream fresh market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Cream Fresh Production in MENA

In value terms, cream fresh production reached $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Kuwait (X tons), Saudi Arabia (X tons) and Iraq (X tons), together comprising X% of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Iraq (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Cream Fresh Exports

Exports in MENA

Cream fresh exports expanded to X tons in 2023, increasing by X% against 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, cream fresh exports rose significantly to $X in 2023. Over the period under review, exports recorded slight growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Kuwait (X tons), distantly followed by Saudi Arabia (X tons), Tunisia (X tons), Morocco (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Iran (X tons) were the key exporters of cream fresh, together constituting X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh supplying countries in MENA were Kuwait ($X), Saudi Arabia ($X) and Turkey ($X), together accounting for X% of total exports. Iran, Morocco, Tunisia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, flattening at the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Cream Fresh Imports

Imports in MENA

In 2023, cream fresh imports in MENA expanded significantly to X tons, growing by X% on the previous year. Total imports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, cream fresh imports surged to $X in 2023. Total imports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

Iraq (X tons) and Bahrain (X tons) represented roughly X% of total imports in 2023. Oman (X tons) took the next position in the ranking, distantly followed by the United Arab Emirates (X tons), Jordan (X tons) and Kuwait (X tons). All these countries together held near X% share of total imports. Morocco (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh importing markets in MENA were Iraq ($X), Bahrain ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Oman, Kuwait, Jordan, Morocco and Lebanon lagged somewhat behind, together comprising a further X%.

Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform