Saudi Arabia: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Saudi Arabia

The Saudi market for powdered, evaporated and condensed milk totaled $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded a slight slump. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Saudi Arabia

In value terms, powdered, evaporated and condensed milk production reduced sharply to $X in 2022 estimated in export price. In general, production, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Powdered, evaporated and condensed milk production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Powdered, Evaporated And Condensed Milk

Exports from Saudi Arabia

In 2022, overseas shipments of powdered, evaporated and condensed milk decreased by X% to X tons, falling for the second year in a row after nine years of growth. Overall, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports dropped to $X in 2022. Over the period under review, total exports indicated a perceptible expansion 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Kuwait (X tons) and Oman (X tons) were the main destinations of powdered, evaporated and condensed milk exports from Saudi Arabia, together comprising X% of total exports. Bahrain, Iraq, Jordan, Libya, Yemen and Djibouti lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for powdered, evaporated and condensed milk exported from Saudi Arabia were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), together comprising X% of total exports. Bahrain, Iraq, Jordan, Yemen, Libya and Djibouti lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Djibouti ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Djibouti (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Saudi Arabia

In 2022, approx. X tons of powdered, evaporated and condensed milk were imported into Saudi Arabia; with an increase of X% against 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk imports expanded markedly to $X in 2022. Overall, imports, however, continue to indicate a mild descent. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

New Zealand (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Saudi Arabia, with a combined X% share of total imports. Germany, Oman, Denmark, Belgium, Spain, Kuwait, Ireland, France, Yemen and Australia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest powdered, evaporated and condensed milk suppliers to Saudi Arabia were New Zealand ($X), the United Arab Emirates ($X) and the Netherlands ($X), together accounting for X% of total imports. Germany, Oman, Denmark, Belgium, Spain, Ireland, France, Kuwait, Yemen and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, remaining constant against the previous year. Overall, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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 Oman ($X per ton), while the price for Yemen ($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 more modest paces of growth.

Source: IndexBox Platform

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