Madagascar: Overview of the Market for Evaporated And Condensed Milk 2019

Market Size for Evaporated And Condensed Milk in Madagascar

The revenue of the evaporated and condensed milk market in Madagascar amounted to $X in 2018, approximately equating 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, evaporated and condensed milk consumption continues to indicate a relatively flat trend pattern.

Exports of Evaporated And Condensed Milk

Exports by Country

In 2018, Saudi Arabia (X tonnes) was the key exporter of evaporated and condensed milk, achieving X% of total exports. It was distantly followed by Malaysia (X tonnes) and the United Arab Emirates (X tonnes), together committing a X% share of total exports. The following exporters - Thailand (X tonnes), Kuwait (X tonnes), Yemen (X tonnes) and Viet Nam (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk markets from Madagascar were Saudi Arabia ($X), Malaysia ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main exporting countries, the United Arab Emirates recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the evaporated and condensed milk export price in Madagascar amounted to $X per tonne, therefore, remained relatively stable against the previous year. In general, the evaporated and condensed milk export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Yemen ($X per tonne), while Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Kuwait, while the other leaders experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports by Country

The United Arab Emirates represented the main importing country with an import of about X tonnes, which reached X% of total imports. Saudi Arabia (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Oman (X%), China, Hong Kong SAR (X%), Bahrain (X%) and China (X%). The following importers - Qatar (X tonnes), Viet Nam (X tonnes), Kazakhstan (X tonnes), Kuwait (X tonnes) and the Philippines (X tonnes) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to evaporated and condensed milk imports into the United Arab Emirates stood at +X%. At the same time, China (+X%), Bahrain (+X%), Oman (+X%), Viet Nam (+X%), Kuwait (+X%), Saudi Arabia (+X%) and China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Qatar experienced a relatively flat trend pattern. By contrast, the Philippines (-X%) and Kazakhstan (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the United Arab Emirates, Oman, Bahrain, China, Saudi Arabia and Viet Nam increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Kazakhstan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. China, China, Hong Kong SAR, Bahrain, Qatar, Kuwait, Kazakhstan, Viet Nam and the Philippines lagged somewhat behind, together accounting for a further X the main importing countries, China recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the evaporated and condensed milk import price in Madagascar amounted to $X per tonne, approximately mirroring the previous year. In general, the evaporated and condensed milk import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform