Report Update: May 1, 2024

Morocco - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Price for Powdered, Evaporated and Condensed Milk in Morocco - 2022

Price for Powdered, Evaporated and Condensed Milk in Morocco (CIF) - 2022

The average import price for powdered, evaporated and condensed milk stood at $3,803 per ton in 2022, jumping by 28% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk import price increased by +89.0% against 2018 indices. The import price peaked at $3,827 per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($4,529 per ton) and the United States ($4,433 per ton), while the price for Spain ($3,241 per ton) and the Netherlands ($3,583 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powdered, Evaporated and Condensed Milk in Morocco (FOB) - 2022

The average export price for powdered, evaporated and condensed milk stood at $1,163 per ton in 2022, increasing by 2.8% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 72% against the previous year. The export price peaked at $3,008 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($5,779 per ton), while the average price for exports to Equatorial Guinea ($958 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 Ghana (+82.6%), while the prices for the other major destinations experienced a decline.

Imports of Powdered, Evaporated and Condensed Milk in Morocco

For the fourth consecutive year, Morocco recorded growth in overseas purchases of powdered, evaporated and condensed milk, which increased by 131% to 27K tons in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, powdered, evaporated and condensed milk imports surged to $103M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Powdered, Evaporated and Condensed Milk in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	7.0	9.3	12.4	23.1	48.9%
Belgium	0.8	0.8	1.2	16.0	171.4%
Poland	1.1	0.7	0.6	12.2	123.0%
Netherlands	1.4	1.9	4.6	11.4	101.2%
Ireland	1.6	1.4	2.2	8.7	75.8%
United Kingdom	N/A	N/A	N/A	8.3	0%
Germany	1.2	1.7	1.2	6.5	75.6%
Lithuania	0.2	0.4	0.9	4.8	188.4%
United States	1.9	1.9	7.2	3.2	19.0%
Spain	0.8	1.1	2.2	2.9	53.6%
Others	2.0	2.6	2.5	6.2	45.8%
Total	17.9	21.7	35.0	103	79.2%

Top Suppliers of Powdered, Evaporated and Condensed Milk to Morocco in 2022:

France (6.4K tons)
Belgium (3.9K tons)
Poland (3.3K tons)
Netherlands (3.2K tons)
United Kingdom (2.1K tons)
Ireland (2.1K tons)
Germany (1.6K tons)
Lithuania (1.3K tons)
Spain (0.9K tons)
United States (0.7K tons)

Exports of Powdered, Evaporated and Condensed Milk in Morocco

In 2022, approx. 65 tons of powdered, evaporated and condensed milk were exported from Morocco; declining by -54.9% compared with the previous year. Overall, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 16%.

In value terms, powdered, evaporated and condensed milk exports shrank remarkably to $76K in 2022. Over the period under review, exports saw a sharp downturn. The smallest decline of -5.5% was in 2021.

Export of Powdered, Evaporated and Condensed Milk in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Equatorial Guinea	N/A	N/A	46.3	59.5	28.5%
Qatar	N/A	10.6	N/A	12.5	8.6%
Nigeria	411	2.3	0.3	N/A	-97.3%
Togo	58.3	N/A	N/A	N/A	0%
Libya	221	99.5	73.0	N/A	-42.5%
Ghana	1,711	N/A	N/A	N/A	0%
Others	68.4	60.6	43.8	3.7	-62.2%
Total	2,469	173	164	75.7	-68.7%

Top Export Markets for Powdered, Evaporated and Condensed Milk from Morocco in 2022:

Equatorial Guinea (62.0 tons)
Qatar (2.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk
FCL 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023