Kuwait - 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 Kuwait - 2021
Contents:
- Price for Unsweetened Condensed and Evaporated Milk in Kuwait (CIF) - 2021
- Price for Unsweetened Condensed and Evaporated Milk in Kuwait (FOB) - 2021
- Imports of Unsweetened Condensed and Evaporated Milk in Kuwait
- Exports of Unsweetened Condensed and Evaporated Milk in Kuwait
Price for Unsweetened Condensed and Evaporated Milk in Kuwait (CIF) - 2021
In December 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $1,452 per ton, remaining stable against the previous month. Overall, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 37% month-to-month. Over the period under review, average import prices hit record highs at $1,905 per ton in June 2021; however, from July 2021 to December 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($4,914 per ton), while the price for the United Arab Emirates ($989 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Unsweetened Condensed and Evaporated Milk in Kuwait (FOB) - 2021
In December 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $1,848 per ton, with an increase of 3.2% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2021 an increase of 91% m-o-m. Over the period under review, the average export prices reached the maximum at $2,215 per ton in February 2021; however, from March 2021 to December 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2021, the country with the highest price was Jordan ($2,232 per ton), while the average price for exports to Saudi Arabia ($1,480 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Unsweetened Condensed and Evaporated Milk in Kuwait
In 2022, supplies from abroad of condensed or evaporated milk (unsweetened) decreased by -0.7% to 45K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.0% 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 +68.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year.
In value terms, unsweetened condensed and evaporated milk imports rose slightly to $70M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, imports attained the peak of $72M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Unsweetened Condensed and Evaporated Milk in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 20.5 | 48.3 | 48.9 | 44.9 | 29.9% |
| Germany | 6.2 | 7.2 | 4.0 | 4.7 | -8.8% |
| Netherlands | 9.7 | 9.4 | 6.6 | 2.7 | -34.7% |
| Malaysia | 0.6 | 0.3 | 1.2 | 1.1 | 22.4% |
| United Arab Emirates | 0.6 | 0.6 | 1.0 | 1.0 | 18.6% |
| Others | 6.0 | 6.3 | 6.0 | 15.4 | 36.9% |
| Total | 43.5 | 72.0 | 67.7 | 69.9 | 17.1% |
Top Suppliers of Unsweetened Condensed and Evaporated Milk to Kuwait in 2022:
- Saudi Arabia (33.9K tons)
- Germany (1.9K tons)
- Netherlands (1.5K tons)
- Malaysia (0.7K tons)
- United Arab Emirates (0.6K tons)
Exports of Unsweetened Condensed and Evaporated Milk in Kuwait
In 2022, overseas shipments of condensed or evaporated milk (unsweetened) decreased by -24.4% to 24K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 153% against the previous year.
In value terms, unsweetened condensed and evaporated milk exports fell remarkably to $28M in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 171% against the previous year.
| Export of Unsweetened Condensed and Evaporated Milk in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 3.6 | 7.2 | 21.5 | 15.5 | 62.7% |
| Saudi Arabia | 0.5 | 0.3 | 4.1 | 5.6 | 123.7% |
| Qatar | 0.7 | 2.1 | 1.5 | 1.9 | 39.5% |
| Jordan | 1.2 | 7.8 | 6.6 | 1.7 | 12.3% |
| United Arab Emirates | 0.7 | 1.0 | 1.3 | 0.8 | 4.6% |
| Afghanistan | 0.3 | 0.5 | 0.8 | 0.7 | 32.6% |
| United States | N/A | 0.1 | 0.1 | 0.7 | 164.6% |
| Others | 0.2 | 0.1 | 1.1 | 1.2 | 81.7% |
| Total | 7.0 | 19.1 | 36.9 | 28.0 | 58.7% |
Top Export Markets for Unsweetened Condensed and Evaporated Milk from Kuwait in 2022:
- Iraq (15.3K tons)
- Saudi Arabia (4.2K tons)
- Qatar (1.1K tons)
- Jordan (1.0K tons)
- United Arab Emirates (0.7K tons)
- Afghanistan (0.6K tons)
- United States (0.4K tons)
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Kuwait. 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:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- 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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This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Kuwait.
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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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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
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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.
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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.
