Malaysia - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in Malaysia - 2021
Contents:
- Price for Sweetened Condensed and Evaporated Milk in Malaysia (FOB) - 2021
- Price for Sweetened Condensed and Evaporated Milk in Malaysia (CIF) - 2022
- Exports of Sweetened Condensed and Evaporated Milk in Malaysia
- Imports of Sweetened Condensed and Evaporated Milk in Malaysia
Price for Sweetened Condensed and Evaporated Milk in Malaysia (FOB) - 2021
The average export price for condensed or evaporated milk (sweetened) stood at $1,108 per ton in December 2021, surging by 12% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in October 2021 when the average export price increased by 14% m-o-m. The export price peaked in December 2021.
Average prices varied somewhat for the major external markets. In December 2021, the highest price was recorded for prices to Madagascar ($1,314 per ton) and Costa Rica ($1,265 per ton), while the average price for exports to Indonesia ($948 per ton) and Vietnam ($961 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sweetened Condensed and Evaporated Milk in Malaysia (CIF) - 2022
In 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $1,960 per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2013 an increase of 26% against the previous year. As a result, import price reached the peak level of $2,093 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +4.3% per year.
Exports of Sweetened Condensed and Evaporated Milk in Malaysia
In 2022, after three years of growth, there was decline in overseas shipments of condensed or evaporated milk (sweetened), when their volume decreased by -5% to 73K tons. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports reached the peak of 77K tons, and then declined modestly in the following year.
In value terms, sweetened condensed and evaporated milk exports fell to $71M in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, the exports attained the peak of $76M, and then contracted in the following year.
| Export of Sweetened Condensed and Evaporated Milk in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.7 | 1.1 | 1.7 | 70.9 | 366.1% |
| Thailand | 2.5 | 7.3 | 9.7 | N/A | 97.0% |
| Vietnam | 6.3 | 2.5 | 3.7 | N/A | -23.4% |
| Togo | 2.4 | 1.0 | 0.7 | N/A | -46.0% |
| Indonesia | 14.2 | 17.0 | 17.4 | N/A | 10.7% |
| Philippines | 5.1 | 3.3 | 5.9 | N/A | 7.6% |
| Mexico | 10.8 | 14.2 | 8.8 | N/A | -9.7% |
| Madagascar | 4.0 | 1.9 | 5.3 | N/A | 15.1% |
| Others | 14.9 | 17.1 | 23.3 | N/A | 25.1% |
| Total | 60.8 | 65.3 | 76.5 | 70.9 | 5.3% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from Malaysia in 2022:
- United Arab Emirates (72.8K tons)
Imports of Sweetened Condensed and Evaporated Milk in Malaysia
After three years of growth, overseas purchases of condensed or evaporated milk (sweetened) decreased by -17.7% to 2.4K tons in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 59%. As a result, imports attained the peak of 2.9K tons, and then plummeted in the following year.
In value terms, sweetened condensed and evaporated milk imports declined rapidly to $4.6M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 61%.
| Import of Sweetened Condensed and Evaporated Milk in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 0.1 | 4.6 | 4500.0% |
| Germany | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Singapore | N/A | 0.2 | 1.0 | N/A | 400.0% |
| Australia | 1.9 | 3.0 | 2.6 | N/A | 17.0% |
| Others | 0.2 | 0.4 | 1.8 | N/A | 200.0% |
| Total | 2.3 | 3.7 | 5.5 | 4.6 | 26.0% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to Malaysia in 2022:
- United Arab Emirates (2.4K tons)
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Malaysia. 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 889 - Whole Milk, Condensed
- FCL 896 - Skim Milk, Condensed
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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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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
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