MENA: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in MENA

In 2022, the MENA's evaporated and condensed milk market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Evaporated And Condensed Milk in MENA

In value terms, evaporated and condensed milk production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Saudi Arabia (X tons) constituted the country with the largest volume of evaporated and condensed milk production, comprising approx. X% of total volume. Moreover, evaporated and condensed milk production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Israel (X tons), fourfold. The third position in this ranking was held by Syrian Arab Republic (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Saudi Arabia stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Israel (X% per year) and Syrian Arab Republic (X% per year).

Exports of Evaporated And Condensed Milk

Exports in MENA

In 2022, exports of evaporated and condensed milk in MENA expanded significantly to X tons, with an increase of X% compared with 2021 figures. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports soared to $X in 2022. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Saudi Arabia represented the main exporting country with an export of about X tons, which resulted at X% of total exports. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Oman (X%) and Kuwait (X%). Bahrain (X tons) followed a long way behind the leaders.

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

In value terms, the largest evaporated and condensed milk supplying countries in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined X% share of total exports. Oman and Bahrain lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Imports of Evaporated And Condensed Milk

Imports in MENA

After two years of decline, overseas purchases of evaporated and condensed milk increased by X% to X tons in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its volume 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, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, evaporated and condensed milk imports soared 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the major importer of evaporated and condensed milk in MENA, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Oman (X tons), Libya (X tons), Kuwait (X tons), Iraq (X tons) and Bahrain (X tons). All these countries together held approx. X% 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 Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk importing markets in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total imports. Libya, Kuwait, Iraq and Bahrain lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 MENA stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :