MENA: Skim Milk Market 2024

Skim Milk Market Size in MENA

The MENA's skim milk market declined to $X in 2023, with a decrease of X% against the previous year. In general, consumption showed a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Skim Milk Production in MENA

In value terms, skim milk production dropped to $X in 2023 estimated in export price. Over the period under review, production showed a pronounced slump. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Iran (X tons), Turkey (X tons) and Morocco (X tons), together comprising X% of total production. Egypt, Saudi Arabia and Tunisia lagged somewhat behind, together comprising a further X%.

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

Skim Milk Exports

Exports in MENA

Skim milk exports soared to X tons in 2023, with an increase of X% on the previous year. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, skim milk exports skyrocketed to $X in 2023. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Saudi Arabia (X tons) represented the key exporter of skim milk, generating X% of total exports. It was distantly followed by Egypt (X tons), mixing up a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the skim milk exports, with a CAGR of X% from 2012 to 2023. At the same time, Egypt (X%) displayed positive paces of growth. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Saudi Arabia ($X) remains the largest skim milk supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports.

In Saudi Arabia, skim milk exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Egypt totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Skim Milk Imports

Imports in MENA

In 2023, approx. X tons of skim milk were imported in MENA; growing by X% on 2022 figures. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, skim milk imports rose markedly to $X in 2023. Total imports indicated a temperate expansion 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Kuwait (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Jordan (X tons) and Oman (X tons), together mixing up a X% share of total imports. The following importers - Libya (X tons), Bahrain (X tons) and Iraq (X tons) - together made up X% of total imports.

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

In value terms, the largest skim milk importing markets in MENA were Kuwait ($X), the United Arab Emirates ($X) and Jordan ($X), together accounting for X% of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, saw 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 2023, the import price in MENA amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices remained at a 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 Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform