Middle East: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in the Middle East

In 2022, the Middle Eastern market for powdered, condensed or evaporated milk increased by X% to $X, rising for the fifth year in a row after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Production of Powdered, Condensed Or Evaporated Milk in the Middle East

In value terms, powdered, condensed or evaporated milk production reached $X in 2022 estimated in export price. The total production indicated a prominent increase 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. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Saudi Arabia (X tons) remains the largest powdered, condensed or evaporated milk producing country in the Middle East, comprising approx. X% of total volume. Moreover, powdered, condensed or evaporated milk production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Turkey (X tons), fourfold. The third position in this ranking was held by Israel (X tons), with an X% share.

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

Exports of Powdered, Condensed Or Evaporated Milk

Exports in the Middle East

In 2022, after two years of decline, there was significant growth in shipments abroad of powdered, condensed or evaporated milk, when their volume increased by X% to X tons. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk exports skyrocketed to $X in 2022. Total exports indicated a strong increase 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. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of about X tons, which reached X% of total exports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). The following exporters - Oman (X tons) and Kuwait (X tons) - each recorded an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Imports of Powdered, Condensed Or Evaporated Milk

Imports in the Middle East

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% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, powdered, condensed or evaporated milk imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Saudi Arabia (X tons), Oman (X tons), Yemen (X tons), Iraq (X tons) and Kuwait (X tons) were the major importers of powdered, condensed or evaporated milk, together making up X% of total imports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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 United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of 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 the Middle East stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price recorded a mild reduction. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. 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.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Iraq ($X per ton) and Saudi Arabia ($X per ton), while Bahrain ($X per ton) and Oman ($X per ton) were 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

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