Egypt: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Egypt

The Egyptian market for powdered, condensed or evaporated milk surged to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Powdered, Condensed Or Evaporated Milk in Egypt

In value terms, powdered, condensed or evaporated milk production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Exports of Powdered, Condensed Or Evaporated Milk

Exports from Egypt

In 2022, overseas shipments of powdered, condensed or evaporated milk decreased by X% to X tons, falling for the fourth year in a row after three years of growth. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports dropped significantly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for powdered, condensed or evaporated milk exports from Egypt, with a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Saudi Arabia exceeded the volume sent to the second major destination, Mauritania (X tons), threefold. Syrian Arab Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Syrian Arab Republic (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for powdered, condensed or evaporated milk exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Mauritania ($X), with an X% share of total exports. It was followed by Syrian Arab Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Syrian Arab Republic (X% per year).

Export Prices by Country

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price showed resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Cote d'Ivoire ($X per ton) and Lebanon ($X per ton), while the average price for exports to Yemen ($X per ton) and Madagascar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Egypt

In 2022, purchases abroad of powdered, condensed or evaporated milk decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk imports soared to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

New Zealand (X tons), Turkey (X tons) and France (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to Egypt, together accounting for X% of total imports. Germany, Canada, the UK, Sweden, the United States and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, condensed or evaporated milk suppliers to Egypt were New Zealand ($X), Turkey ($X) and France ($X), together accounting for X% of total imports. Germany, Canada, the UK, Sweden, the United States and Denmark lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, growing by X% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk import price increased by X% against 2016 indices. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were New Zealand ($X per ton) and Sweden ($X per ton), while the price for Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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