Overview of the Global Market for Condensed Or Evaporated Milk (Unsweetened)

Market Size for Condensed Or Evaporated Milk (Unsweetened)

The global market for condensed or evaporated milk (unsweetened) expanded sharply to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the global market hit record highs in 2022 and is likely to continue growth in the immediate term.

Production of Condensed Or Evaporated Milk (Unsweetened)

In value terms, unsweetened condensed and evaporated milk production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports

Global unsweetened condensed and evaporated milk exports soared to X tons in 2022, with an increase of X% on 2021 figures. The total export volume 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2022. In general, total exports indicated a noticeable 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 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Germany (X tons) and the Netherlands (X tons) represented roughly X% of total exports in 2022. France (X tons) held the next position in the ranking, followed by the United Arab Emirates (X tons), Kuwait (X tons) and Belgium (X tons). All these countries together held near X% share of total exports. The following exporters - the UK (X tons), Australia (X tons), Luxembourg (X tons) and South Africa (X tons) - together made up X% of total exports.

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

In value terms, the largest unsweetened condensed and evaporated milk supplying countries worldwide were the Netherlands ($X), Germany ($X) and Saudi Arabia ($X), with a combined X% share of global exports. The United Arab Emirates, Kuwait, France, Belgium, Australia, the UK, Luxembourg and South Africa lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Australia ($X per ton), while South Africa ($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 other global leaders experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports

In 2022, purchases abroad of condensed or evaporated milk (unsweetened) increased by X% to X tons, rising for the sixth year in a row 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 most prominent rate of growth was recorded in 2018 when imports increased by X%. Global imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2022. Over the period under review, total imports indicated perceptible growth 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons), followed by the Netherlands (X tons), Greece (X tons), Kuwait (X tons), Belgium (X tons), Germany (X tons) and Oman (X tons) represented the largest importers of condensed or evaporated milk (unsweetened), together constituting X% of total imports. France (X tons), Libya (X tons), Hong Kong SAR (X tons), Iraq (X tons), Bahrain (X tons) and Austria (X tons) held a relatively small share of total imports.

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

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Greece ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of global imports. The Netherlands, Germany, Belgium, Oman, Libya, France, Hong Kong SAR, Iraq, Bahrain and Austria lagged somewhat behind, together comprising 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X%. Global import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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