Report Update Nov 1, 2024

Iraq - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Powdered Milk Market 2024

Powdered Milk Market Size in Iraq

The Iraqi powdered milk market contracted to $X in 2022, which is down by -4.9% 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, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Powdered Milk Exports

Exports from Iraq

In 2022, shipments abroad of powdered milk decreased by -1.4% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 127% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports dropped to $X in 2022. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 173% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Turkey (X tons) was the main destination for powdered milk exports from Iraq, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest.

In value terms, Turkey ($X) also remains the key foreign market for powdered milk exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at +12.6%.

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, with a decrease of -5.8% against the previous year. Overall, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2016 an increase of 34% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +12.2% per year.

Powdered Milk Imports

Imports into Iraq

In 2022, approx. X tons of powdered milk were imported into Iraq; standing approx. at the previous year. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 57%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, powdered milk imports fell to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +8.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 48% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Oman (X tons) and Vietnam (X tons) were the main suppliers of powdered milk imports to Iraq, together accounting for 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Oman ($X) and Vietnam ($X) appeared to be the largest powdered milk suppliers to Iraq, with a combined 80% share of total imports. Iran, Saudi Arabia, Kuwait and France lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +19.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, shrinking by -6.3% against the previous year. In general, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.3%), 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 powdered, evaporated and condensed milk in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, together comprising 23% of global consumption. These countries were followed by France, Germany, Mexico, Peru, the Netherlands, Malaysia, Russia, Algeria, Indonesia and Saudi Arabia, which together accounted for a further 31%.

What are the largest producers of powdered, evaporated and condensed milk in the world?

The countries with the highest volumes of in 2021 were the United States, New Zealand and Germany, together accounting for 37% of global production. France, Brazil, the Netherlands, Peru, Mexico, Belarus, Malaysia, the UK, Belgium and India lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of powdered, evaporated and condensed milk to Iraq?

In value terms, the largest powdered, evaporated and condensed milk suppliers to Iraq were the United Arab Emirates, Oman and Vietnam, with a combined 64% share of total imports.

What are the leading importers of powdered, evaporated and condensed milk from Iraq?

In value terms, Turkey remains the key foreign market for powdered, evaporated and condensed milk exports from Iraq.

What is the average export price for powdered, evaporated and condensed milk in Iraq?

The average export price for powdered, evaporated and condensed milk stood at $2,220 per ton in 2021, approximately equating the previous year.

What is the average import price for powdered, evaporated and condensed milk in Iraq?

In 2021, the average import price for powdered, evaporated and condensed milk amounted to $2,651 per ton, growing by 6.7% against the previous year.

This report provides an in-depth analysis of the powdered milk market 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 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023