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World - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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Overview of the Global Market for Powdered, Evaporated And Condensed Milk

Market Size for Powdered, Evaporated And Condensed Milk

For the third year in a row, the global market for powdered, evaporated and condensed milk recorded growth in sales value, which increased by less than 0.1% to $X in 2021. Overall, consumption, however, showed slight growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the global market remained at a lower figure.

Production of Powdered, Evaporated And Condensed Milk

In value terms, powdered, evaporated and condensed milk production reduced to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, global production growth remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports

In 2021, global exports of powdered, evaporated and condensed milk was estimated at X tons, with an increase of 4.3% compared with 2020 figures. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 6%. Over the period under review, the global exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, powdered, evaporated and condensed milk exports expanded significantly to $X in 2021. Overall, total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +45.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 26% against the previous year. Over the period under review, the global exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, New Zealand (X tons) was the main exporter of powdered, evaporated and condensed milk, creating 27% of total exports. The United States (X tons) took the second position in the ranking, followed by Germany (X tons), the Netherlands (X tons), France (X tons) and Belgium (X tons). All these countries together held near 38% share of total exports. The following exporters - Australia (X tons), Saudi Arabia (X tons), Belarus (X tons), Ireland (X tons), Uruguay (X tons), the United Arab Emirates (X tons) and Argentina (X tons) - together made up 17% of total exports.

From 2012 to 2021, average annual rates of growth with regard to powdered, evaporated and condensed milk exports from New Zealand stood at +3.1%. At the same time, Ireland (+10.7%), the United States (+7.5%), Saudi Arabia (+7.5%), Uruguay (+6.3%), the United Arab Emirates (+4.2%), Belgium (+2.2%) and the Netherlands (+1.5%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.7% from 2012-2021. France, Germany and Belarus experienced a relatively flat trend pattern. By contrast, Australia (-1.4%) and Argentina (-4.6%) illustrated a downward trend over the same period. The United States (+4.2 p.p.) and New Zealand (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest powdered, evaporated and condensed milk supplier worldwide, comprising 31% of global exports. The second position in the ranking was taken by the United States ($X), with a 12% share of global exports. It was followed by the Netherlands, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand stood at +2.6%. In the other countries, the average annual rates were as follows: the United States (+6.9% per year) and the Netherlands (+0.8% per year).

Export Prices by Country

In 2021, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, growing by 5.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 22%. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.4%), while the other global leaders experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports

In 2021, global imports of powdered, evaporated and condensed milk stood at X tons, remaining stable against the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of 7.2%. Over the period under review, global imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, powdered, evaporated and condensed milk imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 17% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of global imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons), distantly followed by the Netherlands (X tons) represented the main importers of powdered, evaporated and condensed milk, together committing 21% of total imports. Algeria (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Indonesia (X tons), Belgium (X tons), Germany (X tons), the Philippines (X tons), Mexico (X tons), Malaysia (X tons), Oman (X tons) and Greece (X tons) took a minor share of total imports.

China was also the fastest-growing in terms of the powdered, evaporated and condensed milk imports, with a CAGR of +9.6% from 2012 to 2021. At the same time, Indonesia (+4.0%), the Philippines (+2.7%), Malaysia (+2.6%), the United Arab Emirates (+2.6%), Oman (+2.5%), Algeria (+2.4%), Germany (+2.3%), Belgium (+1.9%), the Netherlands (+1.7%), Saudi Arabia (+1.6%) and Greece (+1.5%) displayed positive paces of growth. By contrast, Mexico (-4.2%) illustrated a downward trend over the same period. While the share of China (+7.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Mexico (-1.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported powdered, evaporated and condensed milk worldwide, comprising 20% of global imports. The second position in the ranking was held by Algeria ($X), with a 4.4% share of global imports. It was followed by Indonesia, with a 3.6% share.

In China, powdered, evaporated and condensed milk imports expanded at an average annual rate of +10.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (-0.3% per year) and Indonesia (+3.1% per year).

Import Prices by Country

In 2021, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, with an increase of 5.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and Brazil, together accounting for 23% of global consumption. These countries were followed by France, Germany, Peru, Mexico, the Netherlands, Malaysia, Russia, Algeria, Indonesia and Singapore, which together accounted for a further 31%.
What are the largest producers of powdered, evaporated and condensed milk in the world?
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The countries with the highest volumes of production in 2021 were New Zealand, the United States and Germany, together comprising 38% of global production. France, Brazil, the Netherlands, Peru, Mexico, Belarus, Malaysia, the UK, Belgium and India lagged somewhat behind, together accounting for a further 33%.
What are the leading exporters of powdered, evaporated and condensed milk in the world?
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In value terms, New Zealand remains the largest powdered, evaporated and condensed milk supplier worldwide, comprising 31% of global exports. The second position in the ranking was taken by the United States, with a 12% share of global exports. It was followed by the Netherlands, with a 7.3% share.
What are the leading importers of powdered, evaporated and condensed milk in the world?
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In value terms, China constitutes the largest market for imported powdered, evaporated and condensed milk worldwide, comprising 20% of global imports. The second position in the ranking was held by Algeria, with a 4.4% share of global imports. It was followed by Indonesia, with a 3.6% share.
What is the average export price for powdered, evaporated and condensed milk in the world?
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In 2021, the average export price for powdered, evaporated and condensed milk amounted to $2,790 per ton, picking up by 5.9% against the previous year.
What is the average import price for powdered, evaporated and condensed milk in the world?
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In 2021, the average import price for powdered, evaporated and condensed milk amounted to $2,846 per ton, with an increase of 5.7% against the previous year.

This report provides an in-depth analysis of the global market for powdered, evaporated and condensed milk. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 897 - Dry Whole Cow Milk
• FCL 898 - Dry Skim Cow Milk
• FCL 889 - Whole Milk, Condensed
• FCL 894 - Whole Milk, Evaporated
• FCL 895 - Skim Milk, Evaporated
• FCL 896 - Skim Milk, Condensed

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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