Morocco: Overview of the Market for Evaporated And Condensed Milk 2020

Market Size for Evaporated And Condensed Milk in Morocco

The revenue of the evaporated and condensed milk market in Morocco amounted to $X in 2018, increasing 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). In general, evaporated and condensed milk consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. Evaporated and condensed milk consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Morocco

In 2018, approx. X tonnes of evaporated and condensed milk were exported from Morocco; dropping by -X% against the previous year. In general, evaporated and condensed milk exports continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, evaporated and condensed milk exports reached their peak of X tonnes, and then declined slightly in the following year.

In value terms, evaporated and condensed milk exports totaled $X in 2018. Overall, evaporated and condensed milk exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. In that year, evaporated and condensed milk exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

Qatar (X tonnes) was the main destination for evaporated and condensed milk exports from Morocco, with a X% share of total exports. Moreover, evaporated and condensed milk exports to Qatar exceeded the volume sent to the second major destination, Equatorial Guinea (X tonnes), sixfold. The third position in this ranking was occupied by Mauritania (X kg), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Equatorial Guinea (-X% per year) and Mauritania (-X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for evaporated and condensed milk exports from Morocco, comprising X% of total evaporated and condensed milk exports. The second position in the ranking was occupied by Equatorial Guinea ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Equatorial Guinea (-X% per year) and Jordan (X% per year).

Export Prices by Country

In 2018, the average evaporated and condensed milk export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the evaporated and condensed milk export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Qatar ($X per tonne), while the average price for exports to Equatorial Guinea ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Morocco

In 2018, approx. X tonnes of evaporated and condensed milk were imported into Morocco; increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, evaporated and condensed milk imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, evaporated and condensed milk imports totaled $X in 2018. Overall, evaporated and condensed milk imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

The Netherlands (X tonnes), Spain (X tonnes) and France (X tonnes) were the main suppliers of evaporated and condensed milk imports to Morocco, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the Netherlands ($X) and Spain ($X) appeared to be the largest evaporated and condensed milk suppliers to Morocco, with a combined X% share of total imports.

Spain (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while imports 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 tonne in 2018, reducing by -X% against the previous year. Overall, the evaporated and condensed milk import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the average import prices for evaporated and condensed milk reached their maximum at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform