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

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

The Egyptian market for condensed or evaporated milk (unsweetened) reduced notably to $X in 2021, shrinking by -17.2% against the previous year. Over the period under review, consumption, however, saw a remarkable increase. Unsweetened condensed and evaporated milk consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Unsweetened) in Egypt

In value terms, unsweetened condensed and evaporated milk production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Egypt

In 2021, after two years of decline, there was significant growth in shipments abroad of condensed or evaporated milk (unsweetened), when their volume increased by 99% to X tons. Overall, exports, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 209%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2021. Over the period under review, exports, however, saw a sharp reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of unsweetened condensed and evaporated milk exports from Egypt, together comprising 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of -0.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for unsweetened condensed and evaporated milk exported from Egypt were Kuwait ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for 90% of total exports.

Kuwait, with a CAGR of +0.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, with an increase of 2.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 76% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Egypt

In 2021, after two years of growth, there was significant decline in purchases abroad of condensed or evaporated milk (unsweetened), when their volume decreased by -81% to X tons. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2019 when imports increased by 1,089%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports fell markedly to $X in 2021. Overall, imports showed a sharp slump. The most prominent rate of growth was recorded in 2019 when imports increased by 858% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Ukraine (X kg) were the main suppliers of unsweetened condensed and evaporated milk imports to Egypt, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of -15.4%), while purchases for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Germany ($X) and Ukraine ($X) were the largest unsweetened condensed and evaporated milk suppliers to Egypt, with a combined 99% share of total imports.

Among the main suppliers, Germany, with a CAGR of -16.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, falling by -1.7% against the previous year. Overall, the import price recorded a slight downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 150% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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