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

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

In 2022, the Jordanian market for condensed or evaporated milk (sweetened) decreased by -27% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a significant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Jordan

In 2022, after three years of growth, there was significant decline in shipments abroad of condensed or evaporated milk (sweetened), when their volume decreased by -90.3% to X tons. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 308%. Over the period under review, the exports reached the maximum 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 fell notably to $X in 2022. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2019 with an increase of 214% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Kuwait (X tons) and the United Arab Emirates (X tons) were the main destinations of sweetened condensed and evaporated milk exports from Jordan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +33.9%), while the other leaders experienced a decline.

In value terms, Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X) constituted the largest markets for sweetened condensed and evaporated milk exported from Jordan worldwide.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +20.3%, 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

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, increasing by 15% against the previous year. Over the period under review, the export price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 102% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($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 Arab Emirates (+5.4%), while the prices for the other major destinations experienced a decline.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Jordan

In 2022, supplies from abroad of condensed or evaporated milk (sweetened) decreased by -35.9% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 309% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk imports reduced notably to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 272% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to Jordan, accounting for a 68% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+37.4% per year) and the Netherlands (+4.7% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Jordan, comprising 68% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia amounted to +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+41.8% per year) and the Netherlands (+4.0% per year).

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $X per ton, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2014 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per ton) and Bahrain ($X per ton), while the price for Kuwait ($X per ton) and Free Zones ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform