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

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

The Iranian market for condensed or evaporated milk (unsweetened) was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption saw buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Condensed Or Evaporated Milk (Unsweetened) in Iran

In value terms, unsweetened condensed and evaporated milk production fell notably to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 149% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Iran

In 2021, the amount of condensed or evaporated milk (unsweetened) exported from Iran soared to X tons, jumping by 228% compared with 2020. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 689% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Iran, with a 66% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Azerbaijan exceeded the volume sent to the second major destination, Georgia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan totaled +891.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+316.9% per year) and the United Arab Emirates (+68.5% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Iran, comprising 70% of total exports. The second position in the ranking was taken by Georgia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan totaled +1,277.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+293.4% per year) and the United Arab Emirates (+55.3% per year).

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, increasing by 38% against the previous year. Over the period under review, the export price showed measured growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 128% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Azerbaijan (+39.0%), while the prices for the other major destinations experienced a decline.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Iran

In 2021, supplies from abroad of condensed or evaporated milk (unsweetened) increased by 101% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 927%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2021. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 733% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of unsweetened condensed and evaporated milk to Iran, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +29.8%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Iran.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +25.0%.

Import Prices by Country

In 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, reducing by -7.7% against the previous year. Over the period under review, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 27%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.7% per year.

Source: IndexBox Platform

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