Iraq: Market for Evaporated And Condensed Milk 2025

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

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