Overview of the Global Market for Powdered, Condensed Or Evaporated Milk

Market Size for Powdered, Condensed Or Evaporated Milk

The global market for powdered, condensed or evaporated milk rose significantly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the global market failed to regain momentum.

Production of Powdered, Condensed Or Evaporated Milk

In value terms, powdered, condensed or evaporated milk production rose slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, global production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were New Zealand (X tons), the United States (X tons) and Germany (X tons), with a combined X% share of global production. The Netherlands, Brazil, Peru, France, Belarus, Mexico, India, Belgium, the UK and Malaysia lagged somewhat behind, together comprising a further X%.

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

Exports of Powdered, Condensed Or Evaporated Milk

Exports

In 2022, approx. X tons of powdered, condensed or evaporated milk were exported worldwide; growing by X% compared with 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, powdered, condensed or evaporated milk exports skyrocketed to $X in 2022. In general, total exports indicated a perceptible expansion 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

New Zealand represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by the United States (X tons), Germany (X tons), the Netherlands (X tons) and France (X tons), together creating a X% share of total exports. Belgium (X tons), the United Arab Emirates (X tons), Australia (X tons), Ireland (X tons), Belarus (X tons), Saudi Arabia (X tons), Argentina (X tons) and Uruguay (X tons) held a little share of total exports.

Exports from New Zealand increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Ireland (X%), the United States (X%), Uruguay (X%), Saudi Arabia (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany, Belgium, Belarus and France experienced a relatively flat trend pattern. By contrast, Australia (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.), the United States (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest powdered, condensed or evaporated milk supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the United States ($X), with an X% share of global exports. It was followed by Germany, with a X% share.

In New Zealand, powdered, condensed or evaporated milk exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price 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, powdered, condensed or evaporated milk export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a 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 ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Imports of Powdered, Condensed Or Evaporated Milk

Imports

After two years of decline, purchases abroad of powdered, condensed or evaporated milk increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, powdered, condensed or evaporated milk imports amounted to $X in 2022. Over the period under review, total imports indicated a moderate expansion 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. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of global imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), followed by Algeria (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) represented the largest importers of powdered, condensed or evaporated milk, together achieving X% of total imports. Indonesia (X tons), Mexico (X tons), Saudi Arabia (X tons), Belgium (X tons), Germany (X tons), the Philippines (X tons), Oman (X tons), Italy (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to powdered, condensed or evaporated milk imports into China stood at X%. At the same time, the United Arab Emirates (X%), Italy (X%), Algeria (X%), Indonesia (X%), the Philippines (X%), Germany (X%), Oman (X%), Belgium (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Mexico, Saudi Arabia and Malaysia experienced a relatively flat trend pattern. China (X p.p.), the United Arab Emirates (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, powdered, condensed or evaporated milk imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average import price for powdered, condensed or evaporated milk stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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