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

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

The Israeli market for condensed or evaporated milk (sweetened) soared to $X in 2022, rising by 38% 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 a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +139.0% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Israel

After nine years of decline, overseas shipments of condensed or evaporated milk (sweetened) increased by 33% to X kg in 2022. In general, exports, however, saw a dramatic slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports surged to $X in 2022. Over the period under review, exports, however, saw a sharp reduction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X kg) was the main destination for sweetened condensed and evaporated milk exports from Israel, with a 75% share of total exports. Moreover, sweetened condensed and evaporated milk exports to South Africa exceeded the volume sent to the second major destination, the UK (X kg), sixfold. The United States (X kg) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa totaled -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-41.1% per year) and the United States (-37.3% per year).

In value terms, the largest markets for sweetened condensed and evaporated milk exported from Israel were South Africa ($X), the United States ($X) and the UK ($X), with a combined 96% share of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of -15.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, with an increase of 22% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweetened condensed and evaporated milk export price decreased by -47.5% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 28%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Israel

In 2022, the amount of condensed or evaporated milk (sweetened) imported into Israel skyrocketed to X tons, picking up by 27% on the year before. Overall, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +100.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 98%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sweetened condensed and evaporated milk imports skyrocketed to $X in 2022. In general, imports saw a moderate expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 117%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Belarus (X tons) constituted the largest sweetened condensed and evaporated milk supplier to Israel, with a 67% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Belarus exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Belarus stood at +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-4.0% per year) and the Netherlands (+41.9% per year).

In value terms, Belarus ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Israel, comprising 67% of total imports. The second position in the ranking was held by Ukraine ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus stood at +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+0.2% per year) and the Netherlands (+41.4% per year).

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $X per ton, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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