Morocco - 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 Morocco - 2022
Contents:
- Price for Sweetened Condensed and Evaporated Milk in Morocco (CIF) - 2022
- Price for Sweetened Condensed and Evaporated Milk in Morocco (FOB) - 2022
- Imports of Sweetened Condensed and Evaporated Milk in Morocco
- Exports of Sweetened Condensed and Evaporated Milk in Morocco
Price for Sweetened Condensed and Evaporated Milk in Morocco (CIF) - 2022
In December 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $3,651 per ton, growing by 14% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 39% against the previous month. As a result, import price reached the peak level of $4,242 per ton. From August 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($7,459 per ton), while the price for Spain stood at $3,589 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%).
Price for Sweetened Condensed and Evaporated Milk in Morocco (FOB) - 2022
The average export price for condensed or evaporated milk (sweetened) stood at $2,333 per ton in 2022, with an increase of 19% against the previous year. In general, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 77% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to +29.6% per year.
Imports of Sweetened Condensed and Evaporated Milk in Morocco
After three years of growth, purchases abroad of condensed or evaporated milk (sweetened) decreased by -21.9% to 849 tons in 2022. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 31%.
In value terms, sweetened condensed and evaporated milk imports reduced slightly to $2.9M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 45%.
| Import of Sweetened Condensed and Evaporated Milk in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 643 | 1,096 | 1,730 | 2,651 | 60.3% |
| Belgium | 100 | 57.3 | 67.1 | 166 | 18.4% |
| United States | 69.3 | 72.7 | 73.6 | N/A | 3.1% |
| Lithuania | 26.6 | 47.4 | 50.9 | N/A | 38.3% |
| Saudi Arabia | 84.7 | 101 | 117 | N/A | 17.5% |
| Others | 599 | 833 | 973 | 48.5 | -56.7% |
| Total | 1,523 | 2,207 | 3,012 | 2,865 | 23.4% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to Morocco in 2022:
- Spain (814.2 tons)
- Belgium (25.2 tons)
Exports of Sweetened Condensed and Evaporated Milk in Morocco
Sweetened condensed and evaporated milk exports from Morocco declined rapidly to 6 kg in 2022, shrinking by -99.4% compared with the previous year. In general, exports saw a precipitous descent. The smallest decline of -58% was in 2020.
In value terms, sweetened condensed and evaporated milk exports shrank sharply to $14 in 2022. Over the period under review, exports recorded a significant curtailment. The smallest decline of -53.1% was in 2020.
| Export of Sweetened Condensed and Evaporated Milk in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 221 | 99.5 | N/A | N/A | -55.0% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| Others | 19.6 | 13.4 | 1.9 | N/A | -68.9% |
| Total | 241 | 113 | 1.9 | N/A | -91.1% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from Morocco in 2022:
- Italy (6.0 kg)
This report provides an in-depth analysis of the market for sweetened condensed and evaporated 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 889 - Whole Milk, Condensed
- 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.
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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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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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