Indonesia - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Unsweetened Condensed and Evaporated Milk in Indonesia - 2022
Contents:
- Price for Unsweetened Condensed and Evaporated Milk in Indonesia (CIF) - 2022
- Price for Unsweetened Condensed and Evaporated Milk in Indonesia (FOB) - 2022
- Imports of Unsweetened Condensed and Evaporated Milk in Indonesia
- Exports of Unsweetened Condensed and Evaporated Milk in Indonesia
Price for Unsweetened Condensed and Evaporated Milk in Indonesia (CIF) - 2022
In March 2022, the average import price for condensed or evaporated milk (unsweetened) amounted to $2,270 per ton, surging by 1.9% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From March 2021 to March 2022, the rate of growth in terms of prices for Australia amounted to +0.1% per month.
Price for Unsweetened Condensed and Evaporated Milk in Indonesia (FOB) - 2022
In 2022, the average export price for condensed or evaporated milk (unsweetened) amounted to $2,029 per ton, increasing by 12% against the previous year. Overall, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 100% against the previous year. As a result, the export price attained the peak level of $2,676 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($7,050 per ton), while the average price for exports to Chile ($347 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 Nigeria (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Unsweetened Condensed and Evaporated Milk in Indonesia
Unsweetened condensed and evaporated milk imports into Indonesia plummeted to 641 tons in 2022, which is down by -25% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 99.9%. As a result, imports reached the peak of 854 tons, and then fell rapidly in the following year.
In value terms, unsweetened condensed and evaporated milk imports fell notably to $1.4M in 2022. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 96%. As a result, imports attained the peak of $1.9M, and then shrank rapidly in the following year.
| Import of Unsweetened Condensed and Evaporated Milk in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,569 | 736 | 1,624 | 1,242 | -7.5% |
| Malaysia | 60.9 | 38.7 | 156 | 116 | 24.0% |
| United States | 53.7 | 34.5 | 77.3 | 57.3 | 2.2% |
| Philippines | 49.0 | 21.7 | 19.0 | 11.4 | -38.5% |
| Others | 87.1 | 145 | 37.7 | 18.5 | -40.3% |
| Total | 1,819 | 976 | 1,914 | 1,445 | -7.4% |
Top Suppliers of Unsweetened Condensed and Evaporated Milk to Indonesia in 2022:
- Australia (533.4 tons)
- Malaysia (80.9 tons)
- United States (15.4 tons)
- Philippines (7.4 tons)
Exports of Unsweetened Condensed and Evaporated Milk in Indonesia
In 2022, overseas shipments of condensed or evaporated milk (unsweetened) decreased by -4.9% to 124 tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.5% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 60% against the previous year. As a result, the exports reached the peak of 143 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, unsweetened condensed and evaporated milk exports totaled $251K in 2022. The total export value increased at an average annual rate of +11.3% over the period 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 46% against the previous year. As a result, the exports reached the peak of $265K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Unsweetened Condensed and Evaporated Milk in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 96.7 | 141 | 119 | 130 | 10.4% |
| Oman | 10.0 | 37.9 | 40.2 | 40.0 | 58.7% |
| Kuwait | 1.3 | 5.4 | 6.9 | 24.7 | 166.8% |
| Philippines | 32.0 | 33.9 | 20.7 | 16.3 | -20.1% |
| Saudi Arabia | 15.6 | 6.9 | 14.3 | 14.2 | -3.1% |
| Fiji | 14.3 | 18.6 | 13.7 | 13.3 | -2.4% |
| Chile | 1.2 | 14.1 | 15.8 | 5.9 | 70.0% |
| Taiwan (Chinese) | 1.6 | 2.5 | 2.2 | 2.6 | 17.6% |
| Hong Kong SAR | 1.7 | 2.4 | 2.1 | 2.1 | 7.3% |
| Democratic Republic of the Congo | 4.9 | N/A | N/A | N/A | 0% |
| Others | 2.6 | 1.9 | 1.4 | 1.3 | -20.6% |
| Total | 182 | 265 | 236 | 251 | 11.3% |
Top Export Markets for Unsweetened Condensed and Evaporated Milk from Indonesia in 2022:
- Oman (24.4 tons)
- Nigeria (18.5 tons)
- Philippines (17.7 tons)
- Chile (16.9 tons)
- Fiji (15.7 tons)
- Saudi Arabia (13.3 tons)
- Kuwait (5.6 tons)
- Taiwan (Chinese) (5.4 tons)
- Hong Kong SAR (4.1 tons)
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Indonesia. 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 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
Country coverage:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- 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
-
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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