GCC: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in GCC

In 2022, the GCC market for powdered, condensed or evaporated milk increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Powdered, Condensed Or Evaporated Milk in GCC

In value terms, powdered, condensed or evaporated milk production expanded remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Saudi Arabia (X tons) remains the largest powdered, condensed or evaporated milk producing country in GCC, accounting for X% of total volume. Moreover, powdered, condensed or evaporated milk production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Kuwait (X tons), eightfold.

In Saudi Arabia, powdered, condensed or evaporated milk production expanded at an average annual rate of X% over the period from 2012-2022.

Exports of Powdered, Condensed Or Evaporated Milk

Exports in GCC

In 2022, after three years of decline, there was significant growth in overseas shipments of powdered, condensed or evaporated milk, when their volume increased by X% to X tons. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs 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 skyrocketed to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the major exporter of powdered, condensed or evaporated milk, creating X% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a X% share, followed by Oman (X%) and Kuwait (X%).

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

In value terms, the United Arab Emirates ($X) remains the largest powdered, condensed or evaporated milk supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

In the United Arab Emirates, powdered, condensed or evaporated milk exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Powdered, Condensed Or Evaporated Milk

Imports in GCC

In 2022, purchases abroad of powdered, condensed or evaporated milk was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, powdered, condensed or evaporated milk imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the major importer of powdered, condensed or evaporated milk in GCC, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Saudi Arabia (X tons) took the second position in the ranking, distantly followed by Oman (X tons) and Kuwait (X tons). All these countries together took approx. X% share of total imports. Bahrain (X tons) and Qatar (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, condensed or evaporated milk importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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