Egypt: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Egypt

In 2022, the Egyptian market for condensed or evaporated milk (sweetened) decreased by -31.1% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Egypt

In value terms, sweetened condensed and evaporated milk production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 14% against the previous year. Sweetened condensed and evaporated milk production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Egypt

In 2022, shipments abroad of condensed or evaporated milk (sweetened) increased by 47% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 11,591%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 12,052% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X tons), Mauritania (X tons) and Maldives (X tons) were the main destinations of sweetened condensed and evaporated milk exports from Egypt, together comprising 61% of total exports. Comoros, Somalia, Chad, Kuwait, Palestine and Guinea lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chad (with a CAGR of +13.4%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Mauritania ($X) and Maldives ($X) appeared to be the largest markets for sweetened condensed and evaporated milk exported from Egypt worldwide, together comprising 61% of total exports. Comoros, Somalia, Chad, Kuwait, Palestine and Guinea lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Chad, with a CAGR of +28.9%, recorded 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 condensed or evaporated milk (sweetened) amounted to $X per ton, rising by 12% against the previous year. Overall, the export price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2016 an increase of 100%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Somalia ($X per ton) and Guinea ($X per ton), while the average price for exports to Kuwait ($X per ton) and Mauritania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Egypt

After four years of growth, overseas purchases of condensed or evaporated milk (sweetened) decreased by -53.8% to X tons in 2022. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 52% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk imports declined remarkably to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by 38%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to Egypt, accounting for a 77% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +29.0%.

In value terms, Spain ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Egypt, comprising 77% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +37.0%.

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $X per ton, with an increase of 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :