Report Update Nov 1, 2024

Iraq - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Iraqi market for condensed or evaporated milk (sweetened) surged to $X in 2022, jumping by 48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a significant increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Iraq

In 2020, shipments abroad of condensed or evaporated milk (sweetened) decreased by 0% to X tons for the first time since 2017, thus ending a two-year declining trend. Overall, exports showed a dramatic decline. The smallest decline of 99.9% was in 2018. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2020, the exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports stood at $X in 2020. In general, exports faced a sharp downturn. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for sweetened condensed and evaporated milk exports from Iraq, accounting for a approx. 100% share of total exports.

From 2017 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2017 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2020, flattening at the previous year. Over the period under review, the export price saw a modest increase. The most prominent rate of growth was recorded in 2018 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the peak figure in 2020 and is likely to see gradual growth in the near future.

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

From 2017 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Iraq

In 2022, imports of condensed or evaporated milk (sweetened) into Iraq skyrocketed to X tons, with an increase of 82% compared with 2021 figures. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 221% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk imports surged to $X in 2022. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 261% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to Iraq, accounting for a 55% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+28.4% per year) and Turkey (+12.7% per year).

In value terms, the largest sweetened condensed and evaporated milk suppliers to Iraq were Saudi Arabia ($X), Turkey ($X) and Spain ($X), together accounting for 64% of total imports.

Spain, with a CAGR of +29.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, declining by -28.8% against the previous year. Over the period under review, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 66%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in the world?

The United States remains the largest sweetened condensed and evaporated milk consuming country worldwide, accounting for 35% of total volume. Moreover, sweetened condensed and evaporated milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was occupied by the UK, with a 6% share.

What are the largest producers of condensed or evaporated milk (sweetened) in the world?

The country with the largest volume of sweetened condensed and evaporated milk production was the United States, comprising approx. 34% of total volume. Moreover, sweetened condensed and evaporated milk production in the United States exceeded the figures recorded by the second-largest producer, Malaysia, threefold. The third position in this ranking was occupied by Saudi Arabia, with a 7.7% share.

What are the leading suppliers of condensed or evaporated milk (sweetened) to Iraq?

In value terms, Saudi Arabia constituted the largest supplier of sweetened condensed and evaporated milk to Iraq, comprising 58% of total imports. The second position in the ranking was occupied by Vietnam, with a 17% share of total imports. It was followed by Turkey, with a 14% share.

What is the average export price for condensed or evaporated milk (sweetened) in Iraq?

The average export price for condensed or evaporated milk sweetened) stood at $1,704 per ton in 2020, almost unchanged from the previous year.

What is the average import price for condensed or evaporated milk (sweetened) in Iraq?

In 2021, the average import price for condensed or evaporated milk sweetened) amounted to $1,059 per ton, dropping by -14% against the previous year.

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 889 - Whole Milk, Condensed
FCL 896 - Skim Milk, Condensed

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023