Singapore - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Powdered, Evaporated and Condensed Milk in Singapore - 2022
Contents:
- Price for Powdered, Evaporated and Condensed Milk in Singapore (CIF) - 2022
- Price for Powdered, Evaporated and Condensed Milk in Singapore (FOB) - 2022
- Imports of Powdered, Evaporated and Condensed Milk in Singapore
- Exports of Powdered, Evaporated and Condensed Milk in Singapore
Price for Powdered, Evaporated and Condensed Milk in Singapore (CIF) - 2022
In 2022, the average import price for powdered, evaporated and condensed milk amounted to $3,796 per ton, rising by 16% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +87.2% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 27%. The import price peaked at $4,021 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 the Netherlands ($4,431 per ton), while the price for Thailand ($1,394 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Powdered, Evaporated and Condensed Milk in Singapore (FOB) - 2022
The average export price for powdered, evaporated and condensed milk stood at $3,726 per ton in 2022, surging by 21% against the previous year. Overall, export price indicated a notable 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 export price increased by +35.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($4,039 per ton) and Japan ($3,866 per ton), while the average price for exports to Bangladesh ($3,203 per ton) and Myanmar ($3,229 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Powdered, Evaporated and Condensed Milk in Singapore
In 2022, the amount of powdered, evaporated and condensed milk imported into Singapore contracted slightly to 123K tons, with a decrease of -3.2% against 2021 figures. Overall, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 1.4% against the previous year.
In value terms, powdered, evaporated and condensed milk imports reached $466M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Powdered, Evaporated and Condensed Milk in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 171 | 175 | 209 | 225 | 9.6% |
| Australia | 30.8 | 26.4 | 37.9 | 39.9 | 9.0% |
| United States | 9.5 | 21.9 | 28.1 | 29.3 | 45.6% |
| Ireland | 25.0 | 26.4 | 18.3 | 28.4 | 4.3% |
| Netherlands | 16.3 | 18.4 | 22.1 | 24.9 | 15.2% |
| Germany | 11.2 | 16.6 | 14.8 | 13.0 | 5.1% |
| France | 24.9 | 20.4 | 14.2 | 10.4 | -25.2% |
| Malaysia | 8.0 | 9.1 | 10.9 | 9.4 | 5.5% |
| Uruguay | 8.4 | 4.0 | 6.2 | 9.3 | 3.5% |
| Japan | 0.3 | 1.0 | 1.6 | 8.8 | 208.4% |
| Argentina | N/A | N/A | 2.7 | 8.4 | 211.1% |
| Canada | 0.5 | 8.2 | 9.0 | 6.6 | 136.3% |
| Thailand | 5.2 | 4.3 | 4.0 | 4.3 | -6.1% |
| Others | 41.3 | 32.9 | 35.5 | 48.1 | 5.2% |
| Total | 352 | 364 | 414 | 466 | 9.8% |
Top Suppliers of Powdered, Evaporated and Condensed Milk to Singapore in 2022:
- New Zealand (60.0K tons)
- Australia (10.9K tons)
- United States (7.5K tons)
- Ireland (6.8K tons)
- Netherlands (5.6K tons)
- Thailand (3.1K tons)
- Germany (3.0K tons)
- Malaysia (2.8K tons)
- Uruguay (2.5K tons)
- France (2.5K tons)
- Canada (2.3K tons)
- Japan (2.3K tons)
- Argentina (2.0K tons)
Exports of Powdered, Evaporated and Condensed Milk in Singapore
In 2022, overseas shipments of powdered, evaporated and condensed milk increased by 2.2% to 47K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a perceptible shrinkage.
In value terms, powdered, evaporated and condensed milk exports surged to $177M in 2022. The total export value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Powdered, Evaporated and Condensed Milk in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 85.7 | 82.8 | 81.0 | 89.0 | 1.3% |
| Bangladesh | 1.8 | 2.2 | 5.2 | 21.7 | 129.3% |
| Malaysia | 7.4 | 10.7 | 11.5 | 15.3 | 27.4% |
| Saudi Arabia | 4.9 | 5.0 | 6.2 | 9.3 | 23.8% |
| Philippines | 6.4 | 2.0 | 6.9 | 9.0 | 12.0% |
| Vietnam | 8.5 | 3.3 | 9.5 | 5.3 | -14.6% |
| United Arab Emirates | 1.6 | 2.0 | 2.8 | 4.8 | 44.2% |
| Qatar | 3.3 | 3.1 | 3.3 | 4.7 | 12.5% |
| Egypt | 4.0 | 2.8 | 5.8 | 4.3 | 2.4% |
| Oman | 8.5 | 5.4 | 0.4 | 0.9 | -52.7% |
| Others | 12.7 | 13.2 | 10.9 | 12.5 | -0.5% |
| Total | 145 | 132 | 143 | 177 | 6.9% |
Top Export Markets for Powdered, Evaporated and Condensed Milk from Singapore in 2022:
- Japan (23.0K tons)
- Bangladesh (6.8K tons)
- Malaysia (4.4K tons)
- Saudi Arabia (2.5K tons)
- Philippines (2.4K tons)
- United Arab Emirates (1.3K tons)
- Vietnam (1.3K tons)
- Qatar (1.1K tons)
- Egypt (1.0K tons)
- Oman (0.2K tons)
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Singapore.
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This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Singapore.
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This report provides an in-depth analysis of the market for evaporated and condensed milk in Singapore.
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This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Singapore.
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This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Singapore.
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This report provides an in-depth analysis of the powdered milk market in Singapore.
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This report provides an in-depth analysis of the skim powdered milk market in Singapore.
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This report provides an in-depth analysis of the whole powdered milk market in Singapore.
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This report provides an in-depth analysis of the global market for powdered, evaporated and condensed milk.
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This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
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Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1709
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
305
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
237
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
1311
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1709
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
305
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
