Jordan: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Jordan

In 2022, the Jordanian evaporated and condensed milk market decreased by -19.6% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Jordan

In value terms, evaporated and condensed milk production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of 99.9%. Evaporated and condensed milk production peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Evaporated And Condensed Milk

Exports from Jordan

In 2022, after five years of growth, there was significant decline in shipments abroad of evaporated and condensed milk, when their volume decreased by -89.4% to X tons. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 197%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports declined markedly to $X in 2022. Overall, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 165% against the previous year. 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

Saudi Arabia (X tons), Kuwait (X tons) and the United Arab Emirates (X tons) were the main destinations of evaporated and condensed milk exports from Jordan, with a combined 89% share of total exports.

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 +11.6%), while the other leaders experienced a decline.

In value terms, the largest markets for evaporated and condensed milk exported from Jordan were Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X), with a combined 90% share of total exports.

Saudi Arabia, with a CAGR of +6.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average evaporated and condensed milk export price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The growth pace was the most rapid in 2019 an increase of 48%. Over the period under review, the average export prices attained the peak figure 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 overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and Kuwait ($X per ton), while the average price for exports to Iraq ($X per ton) and the United Arab Emirates ($X per ton) were 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 (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Evaporated And Condensed Milk

Imports into Jordan

In 2022, supplies from abroad of evaporated and condensed milk decreased by -24.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 72%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, evaporated and condensed milk imports reduced markedly to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 81% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest evaporated and condensed milk supplier to Jordan, with a 43% share of total imports. Moreover, evaporated and condensed milk imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Kuwait (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.2% per year) and Kuwait (+12.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of evaporated and condensed milk to Jordan, comprising 47% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total imports. It was followed by Kuwait, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.6% per year) and Kuwait (+10.1% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, surging by 6.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and the United Arab Emirates ($X per ton), while the price for Oman ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform