Report Update Apr 1, 2024

Iraq - Evaporated and Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Iraq

The Iraqi evaporated and condensed milk market rose markedly to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a significant expansion. Evaporated and condensed milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Iraq

Evaporated and condensed milk exports from Iraq totaled X tons in 2022, approximately reflecting 2021 figures. Overall, exports continue to indicate a sharp curtailment. The smallest decline of X% was in 2021. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports totaled $X in 2022. In general, exports continue to indicate significant growth. The smallest decline of X% was in 2021. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X tons) was the main destination for evaporated and condensed milk exports from Iraq, accounting for a approx. X% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kuwait was relatively modest.

From 2017 to 2022, the average annual rate of growth in terms of value to Kuwait was relatively modest.

Export Prices by Country

In 2022, the average evaporated and condensed milk export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2021 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2017 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Imports of Evaporated And Condensed Milk

Imports into Iraq

In 2022, after three years of growth, there was significant decline in supplies from abroad of evaporated and condensed milk, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, evaporated and condensed milk imports declined slightly to $X in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kuwait (X tons), Saudi Arabia (X tons) and Iran (X tons) were the main suppliers of evaporated and condensed milk imports to Iraq, with a combined X% share of total imports.

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

In value terms, the largest evaporated and condensed milk suppliers to Iraq were Kuwait ($X), Saudi Arabia ($X) and Iran ($X), with a combined X% share of total imports.

Among the main suppliers, Iran, with a CAGR of X%, saw the highest growth rate of 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

The average evaporated and condensed milk import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for evaporated and condensed milk in the world?

The countries with the highest volumes of consumption in 2023 were the United States, the Netherlands and Germany, together accounting for 36% of global consumption. Peru, Malaysia, Singapore, Belarus, Mexico, the UK, the United Arab Emirates, Russia, Greece and China lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of evaporated and condensed milk in the world?

The countries with the highest volumes of production in 2022 were the United States, Germany and the Netherlands, with a combined 42% share of global production.

What are the leading suppliers of evaporated and condensed milk to Iraq?

In value terms, Kuwait, Saudi Arabia and Iran constituted the largest evaporated and condensed milk suppliers to Iraq, together accounting for 89% of total imports.

What is the average export price for evaporated and condensed milk in Iraq?

In 2022, the average evaporated and condensed milk export price amounted to $5,560 per ton, almost unchanged from the previous year.

What is the average import price for evaporated and condensed milk in Iraq?

In 2022, the average evaporated and condensed milk import price amounted to $1,459 per ton, rising by 6.9% against the previous year.

This report provides an in-depth analysis of the market for evaporated and condensed milk in Iraq. 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 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023