Unsweetened Condensed and Evaporated Milk Market
Unsweetened condensed and evaporated milk market: enjoy the latest data secured by an Ai-driven market intelligence tool. Datasets provide consumption, companies, exports, production, imports, market prices, market size, and trade. There is a breakdown by country, including the U.K., China, Russia, Latin America, the Middle East, EU, Africa, and the U.S. Market trends and forecast to 2030 are also featured in the dashboards.
Unsweetened Condensed and Evaporated Milk - World's Largest Markets
Rating | Country |
---|---|
1 | Peru |
2 | Germany |
3 | Netherlands |
4 | United States |
5 | Russia |
In value terms, Peru, Germany and the Netherlands appeared to be the countries with the highest levels of market value in 2021, together accounting for 27% of the global market. The United States, Russia, Singapore, China, Belarus, Greece, Mexico, the United Arab Emirates, Oman and the Czech Republic lagged somewhat behind, together accounting for a further 37%.
The United Arab Emirates recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while unsweetened condensed and evaporated milk market for the other global leaders experienced more modest paces of growth.
Unsweetened Condensed And Evaporated Milk Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
Saudi Arabia | 947 | 782 | 821 | -6.9% |
Malaysia | 919 | 938 | 930 | 0.6% |
United Kingdom | 777 | 911 | 1135 | 20.9% |
France | 828 | 875 | 1199 | 20.3% |
Peru | 1198 | 1261 | 1227 | 1.2% |
Germany | 1111 | 1165 | 1275 | 7.1% |
Lithuania | 1619 | 1432 | 1440 | -5.7% |
United Arab Emirates | 1420 | 1478 | 1450 | 1.1% |
Netherlands | 1527 | 1493 | 1638 | 3.6% |
Belgium | 1180 | 1506 | 1644 | 18.0% |
Australia | 2299 | 2388 | 2348 | 1.1% |
Average | 1230 | 1184 | 1341 | 4.4% |
Prices varied noticeably by the country of origin; the country with the highest price was Australia ($2,348 per ton), while Saudi Arabia ($821 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
Saudi Arabia | 1887 | 2172 | 2043 | 4.1% |
Kuwait | 1639 | 1619 | 1627 | -0.4% |
Libya | 1569 | 1661 | 1616 | 1.5% |
France | 1638 | 1652 | 1607 | -1.0% |
Hong Kong SAR | 1430 | 1467 | 1454 | 0.8% |
Germany | 1057 | 1022 | 1254 | 8.9% |
Greece | 1014 | 1070 | 1181 | 7.9% |
Belgium | 998 | 1033 | 1160 | 7.8% |
Haiti | 1051 | 1096 | 1075 | 1.1% |
Oman | 1148 | 986 | 1052 | -4.3% |
Netherlands | 931 | 862 | 957 | 1.4% |
Poland | 743 | 823 | 937 | 12.3% |
United Arab Emirates | 1172 | 678 | 801 | -17.3% |
Average | 1240 | 1214 | 1288 | 1.9% |
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($2,043 per ton), while the United Arab Emirates ($801 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.
Unsweetened Condensed and Evaporated Milk - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
Saudi Arabia | 0.1 | 0.2 | 0.2 | 9.5% |
Greece | 0.1 | 0.1 | 0.2 | 19.6% |
Netherlands | 0.1 | 0.1 | 0.2 | 18.1% |
United Arab Emirates | 0.08 | 0.1 | 0.1 | 17.3% |
Germany | 0.1 | 0.1 | 0.1 | 4.4% |
In value terms, the largest unsweetened condensed and evaporated milk importing markets worldwide were Saudi Arabia ($177M), Greece ($167M) and the Netherlands ($159M), together accounting for 28% of global imports. The United Arab Emirates, Germany, Belgium, Oman, Hong Kong SAR, France, Kuwait, Libya, Haiti and Poland lagged somewhat behind, together comprising a further 40%.
Poland saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Unsweetened Condensed and Evaporated Milk - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
Netherlands | 0.3 | 0.4 | 0.4 | 6.6% |
Germany | 0.3 | 0.3 | 0.3 | 4.3% |
Saudi Arabia | 0.1 | 0.2 | 0.2 | 34.6% |
Belgium | 0.06 | 0.09 | 0.1 | 44.7% |
France | 0.06 | 0.09 | 0.1 | 38.0% |
In value terms, the Netherlands ($395M), Germany ($327M) and Saudi Arabia ($172M) constituted the countries with the highest levels of exports in 2021, with a combined 55% share of global exports. These countries were followed by Belgium, France, Peru, Australia, the UK, the United Arab Emirates, Lithuania and Malaysia, which together accounted for a further 31%.
Among the main exporting countries, Lithuania (+59.1% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Unsweetened Condensed and Evaporated Milk - Market Forecast
Driven by increasing demand for unsweetened condensed and evaporated milk worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Unsweetened Condensed and Evaporated Milk - Top Companies
Nestlé Suisse S.A., Nestle Holdings, Inc., Saputo Dairy Foods Usa, LLC, Mead Johnson Nutrition Company, CAPITOL CHILLED FOODS (AUSTRALIA) PTY. LIMITED, Nestlé México, S.A. de C.V., The Hain Celestial Group Inc, SOLICO GROUP, SPÓLDZIELNIA MLECZARSKA MLEKPOL W GRAJEWIE, Dean Holding Company, NESTLE AUSTRALIA LTD, Associated Milk Producers Inc, Northwest Dairy Association, PARMALAT AUSTRALIA PTY LTD, LONGWARRY FOOD PARK PTY. LTD., NEW ZEALAND MILK (AUSTRALASIA) PTY LTD, FONTERRA INGREDIENTS AUSTRALIA PTY LTD, FONTERRA BRANDS (AUSTRALIA) PTY LTD, LECHE GLORIA S.A., FONTERRA AUSTRALIA PTY LTD
Unsweetened Condensed and Evaporated Milk - Product Coverage
- HS 040291 - Dairy produce; milk and cream, concentrated, not containing added sugar or other sweetening matter, other than in powder, granules or other solid forms
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