Middle East: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in the Middle East

The Middle Eastern buttermilk and buttermilk powder market fell modestly to $X in 2023, stabilizing at the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in the Middle East

In value terms, buttermilk and buttermilk powder production declined to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports in the Middle East

In 2023, the amount of buttermilk and buttermilk powder exported in the Middle East declined to X tons, with a decrease of X% compared with the year before. Total exports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports dropped modestly to $X in 2023. Total exports indicated strong growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Saudi Arabia (X tons) was the main exporter of buttermilk and buttermilk powder, committing X% of total exports. Kuwait (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons) and Syrian Arab Republic (X tons). All these countries together took near X% share of total exports. Turkey (X tons) held a relatively small share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%), the United Arab Emirates (X%), Syrian Arab Republic (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. While the share of Kuwait (X p.p.), Saudi Arabia (X p.p.), the United Arab Emirates (X p.p.) and Syrian Arab Republic (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest buttermilk and buttermilk powder supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

In Saudi Arabia, buttermilk and buttermilk powder exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, buttermilk and buttermilk powder export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Imports of Buttermilk And Buttermilk Powder

Imports in the Middle East

In 2023, buttermilk and buttermilk powder imports in the Middle East soared to X tons, jumping by X% against 2022 figures. Total imports indicated a measured expansion 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 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, buttermilk and buttermilk powder imports stood at $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of buttermilk and buttermilk powder, namely Iraq, Kuwait and Oman, represented more than two-thirds of total import. Bahrain (X tons) took the next position in the ranking, followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons). All these countries together held near X% share of total imports. Jordan (X tons) took a little share of total imports.

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

In value terms, the largest buttermilk and buttermilk powder importing markets in the Middle East were Kuwait ($X), Iraq ($X) and Oman ($X), with a combined X% share of total imports. The United Arab Emirates, Bahrain, Saudi Arabia and Jordan lagged somewhat behind, together accounting for a further X%.

Jordan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 the Middle East stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform