Israel: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Israel

The Israeli evaporated and condensed milk market contracted to $X in 2022, waning by -1.9% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +2.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Israel

In value terms, evaporated and condensed milk production declined slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Evaporated And Condensed Milk

Exports from Israel

After nine years of decline, shipments abroad of evaporated and condensed milk increased by 339% to X tons in 2022. Overall, exports, however, showed a precipitous contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports surged to $X in 2022. Over the period under review, exports, however, faced a precipitous curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for evaporated and condensed milk exports from Israel, with a 70% share of total exports. Moreover, evaporated and condensed milk exports to Thailand exceeded the volume sent to the second major destination, South Africa (X kg), threefold. The UK (X kg) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand amounted to +216.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-7.1% per year) and the UK (-41.1% per year).

In value terms, Thailand ($X) emerged as the key foreign market for evaporated and condensed milk exports from Israel, comprising 65% of total exports. The second position in the ranking was taken by South Africa ($X), with a 15% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Thailand totaled +123.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-15.1% per year) and the United States (-28.7% per year).

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export 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 Evaporated And Condensed Milk

Imports into Israel

In 2022, approx. X tons of evaporated and condensed milk were imported into Israel; picking up by 26% against the previous year's figure. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.0% 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 +97.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 96%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, evaporated and condensed milk imports soared to $X in 2022. In general, imports saw a pronounced expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 115%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus amounted to +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-4.2% per year) and the Netherlands (+39.5% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus amounted to +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-0.0% per year) and the Netherlands (+40.1% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual 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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