Lebanon: Market for Evaporated And Condensed Milk 2019

Market Size for Evaporated And Condensed Milk in Lebanon

The revenue of the evaporated and condensed milk market in Lebanon amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, evaporated and condensed milk consumption continues to indicate strong growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Lebanon evaporated and condensed milk consumption peaked at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Lebanon

In value terms, evaporated and condensed milk production amounted to $X in 2018 estimated in export prices. Over the period under review, evaporated and condensed milk production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, evaporated and condensed milk production reached its maximum level at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Lebanon

In 2018, approx. X tons of evaporated and condensed milk were exported from Lebanon; dropping by -X% against the previous year. Overall, evaporated and condensed milk exports continue to indicate a moderate decline. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Lebanon exports peaked at X tons in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, evaporated and condensed milk exports totaled $X in 2018. In general, evaporated and condensed milk exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Lebanon exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia was the key exporter of evaporated and condensed milk in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. Malaysia (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by the United Arab Emirates (X%). Thailand (X tons), Kuwait (X tons), Yemen (X tons) and Vietnam (X tons) held a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Malaysia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

The United Arab Emirates experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The evaporated and condensed milk export price in Lebanon stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the evaporated and condensed milk export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Over the period under review, the export prices for evaporated and condensed milk attained their maximum at $X per ton in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Yemen ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Kuwait, while the other leaders experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Lebanon

In 2018, the evaporated and condensed milk imports into Lebanon amounted to X tons, jumping by X% against the previous year. In general, evaporated and condensed milk imports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Lebanon imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, evaporated and condensed milk imports amounted to $X in 2018. Over the period under review, the total imports indicated a temperate increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, evaporated and condensed milk imports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, evaporated and condensed milk imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the United Arab Emirates (X tons) represented the major importer of evaporated and condensed milk, committing X% of total imports. Saudi Arabia (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Oman (X%), China, Hong Kong SAR (X%), Bahrain (X%) and China (X%). The following importers - Qatar (X tons), Vietnam (X tons), Kazakhstan (X tons), Kuwait (X tons) and the Philippines (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to evaporated and condensed milk imports into the United Arab Emirates stood at +X%. At the same time, China (+X%), Bahrain (+X%), Oman (+X%), Vietnam (+X%), Kuwait (+X%), Saudi Arabia (+X%) and China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Qatar experienced a relatively flat trend pattern. By contrast, the Philippines (-X%) and Kazakhstan (-X%) illustrated a downward trend over the same period. The United Arab Emirates (+X p.p.), Oman (+X p.p.), Bahrain (+X p.p.), China (+X p.p.), Saudi Arabia (+X p.p.) and Vietnam (+X p.p.) significantly strengthened its position in terms of the global imports, while Kazakhstan saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest evaporated and condensed milk importing markets into Lebanon were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total imports. China, China, Hong Kong SAR, Bahrain, Qatar, Kuwait, Kazakhstan, Vietnam, the Philippines and Lebanon lagged somewhat behind, together accounting for a further X the main importing countries, China recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the evaporated and condensed milk import price in Lebanon amounted to $X per ton, dropping by -X% against the previous year. Overall, the evaporated and condensed milk import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. In that year, the import prices for evaporated and condensed milk reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for evaporated and condensed milk remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform