Egypt: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Egypt

In 2022, the Egyptian evaporated and condensed milk market decreased by -12.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, posted a pronounced expansion. Evaporated and condensed milk consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Evaporated And Condensed Milk in Egypt

In value terms, evaporated and condensed milk production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Egypt

In 2022, shipments abroad of evaporated and condensed milk increased by 17% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 587% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk exports skyrocketed to $X in 2022. In general, exports, however, saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 694%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Israel (X tons), Mauritania (X tons) and Comoros (X tons) were the main destinations of evaporated and condensed milk exports from Egypt, together comprising 55% of total exports. Maldives, Somalia, Kuwait, Chad and Canada lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +164.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Mauritania ($X) and Maldives ($X) were the largest markets for evaporated and condensed milk exported from Egypt worldwide, together accounting for 56% of total exports. Comoros, Somalia, Chad, Kuwait and Canada lagged somewhat behind, together accounting for a further 32%.

Canada, with a CAGR of +377.4%, 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 more modest paces of growth.

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2022, with an increase of 15% against the previous year. Overall, the export price continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 an increase of 50% against the previous year. The export price peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Somalia ($X per ton) and Maldives ($X per ton), while the average price for exports to Kuwait ($X per ton) and Comoros ($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 Canada (+80.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Egypt

In 2022, overseas purchases of evaporated and condensed milk decreased by -31.2% to X tons, falling for the second year in a row after three years of growth. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 71% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, evaporated and condensed milk imports fell significantly to $X in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Saudi Arabia (X tons) were the main suppliers of evaporated and condensed milk imports to Egypt, together accounting for 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +29.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), the Netherlands ($X) and Saudi Arabia ($X) appeared to be the largest evaporated and condensed milk suppliers to Egypt, together comprising 100% of total imports.

Spain, with a CAGR of +37.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 25% 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 somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) and Germany ($X per ton) were amongst the lowest.

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) :