India: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in India

The Indian evaporated and condensed milk market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Evaporated And Condensed Milk in India

In value terms, evaporated and condensed milk production soared to $X in 2022 estimated in export price. Overall, production posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Evaporated And Condensed Milk

Exports from India

After two years of growth, overseas shipments of evaporated and condensed milk decreased by X% to X tons in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports contracted remarkably to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for evaporated and condensed milk exports from India, with a X% share of total exports. Moreover, evaporated and condensed milk exports to the United Arab Emirates exceeded the volume sent to the second major destination, Nepal (X tons), twofold. The third position in this ranking was held by Saint Vincent and the Grenadines (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Saint Vincent and the Grenadines (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for evaporated and condensed milk exports from India, comprising X% of total exports. The second position in the ranking was held by Nepal ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average evaporated and condensed milk export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated temperate 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, evaporated and condensed milk export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Nepal ($X 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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into India

In 2022, the amount of evaporated and condensed milk imported into India declined to X tons, reducing by X% on the previous year's figure. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, evaporated and condensed milk imports dropped to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of evaporated and condensed milk to India, with a X% share of total imports. Moreover, evaporated and condensed milk imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Vietnam (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of evaporated and condensed milk to India, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average evaporated and condensed milk import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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