Report Update Nov 1, 2024

Iraq - Evaporated and Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Iraq

The Iraqi evaporated and condensed milk market was estimated at $X in 2022, increasing by 3.6% 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). In general, consumption, however, enjoyed a significant increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Evaporated And Condensed Milk

Exports from Iraq

After two years of decline, shipments abroad of evaporated and condensed milk decreased by 0% to X tons in 2020. Overall, exports saw tangible growth. The smallest decline of 99.9% was in 2018. The exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, evaporated and condensed milk exports amounted to $X in 2020. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2018. The exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for evaporated and condensed milk exports from Iraq, with a 87% share of total exports. Moreover, evaporated and condensed milk exports to Turkey exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sevenfold.

From 2017 to 2020, the average annual rate of growth in terms of volume to Turkey stood at -1.0%.

From 2017 to 2020, the average annual growth rate of value to Turkey stood at +47.2%.

Export Prices by Country

In 2020, the average evaporated and condensed milk export price amounted to $X per ton, flattening at the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2018 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2017 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+48.8%).

Imports of Evaporated And Condensed Milk

Imports into Iraq

After three years of growth, purchases abroad of evaporated and condensed milk decreased by -0.9% to X tons in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 403% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, evaporated and condensed milk imports rose sharply to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 325%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kuwait (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of evaporated and condensed milk imports to Iraq, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +38.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Saudi Arabia ($X) and Turkey ($X) were the largest evaporated and condensed milk suppliers to Iraq, together comprising 87% of total imports.

Saudi Arabia, with a CAGR of +42.8%, saw the highest growth rate of the value of imports, among 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 evaporated and condensed milk import price stood at $X per ton in 2022, increasing by 6.7% against the previous year. In general, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Kuwait ($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 (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for evaporated and condensed milk in the world?

The United States constituted the country with the largest volume of evaporated and condensed milk consumption, comprising approx. 19% of total volume. Moreover, evaporated and condensed milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Peru, twofold. Malaysia ranked third in terms of total consumption with a 4.8% share.

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

The countries with the highest volumes of evaporated and condensed milk production in 2020 were the United States, Peru and Germany, together accounting for 38% of global production. These countries were followed by Malaysia, the Netherlands, Saudi Arabia, Belarus, Mexico, Singapore, Russia, the UK, France and Belgium, which together accounted for a further 40%.

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

In value terms, Saudi Arabia constituted the largest supplier of evaporated and condensed milk to Iraq, comprising 65% of total imports. The second position in the ranking was occupied by Kuwait, with a 19% share of total imports. It was followed by Turkey, with a 6.8% share.

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

The average evaporated and condensed milk export price stood at $2,245 per ton in 2020, therefore, remained relatively stable against the previous year.

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

In 2020, the average evaporated and condensed milk import price amounted to $1,772 per ton, picking up by 21% against the previous year.

This report provides an in-depth analysis of the market for evaporated and condensed 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 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
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. 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