Middle East: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in the Middle East

After five years of growth, the Middle Eastern market for condensed or evaporated milk (unsweetened) decreased by -37.2% to $X in 2021. In general, consumption, however, recorded a resilient increase. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Production of Condensed Or Evaporated Milk (Unsweetened) in the Middle East

In value terms, unsweetened condensed and evaporated milk production reduced dramatically to $X in 2021 estimated in export price. In general, production, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in the Middle East

In 2021, shipments abroad of condensed or evaporated milk (unsweetened) increased by 20% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 67% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2021. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 75% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia represented the largest exporter of condensed or evaporated milk (unsweetened) in the Middle East, with the volume of exports amounting to X tons, which was approx. 62% of total exports in 2021. The United Arab Emirates (X tons) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (11%).

Saudi Arabia was also the fastest-growing in terms of the condensed or evaporated milk (unsweetened) exports, with a CAGR of +17.6% from 2012 to 2021. At the same time, Kuwait (+10.2%) and the United Arab Emirates (+10.0%) displayed positive paces of growth. From 2012 to 2021, the share of Saudi Arabia increased by +17 percentage points.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) constituted the countries with the highest levels of exports in 2021, with a combined 94% share of total exports.

Saudi Arabia, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, reducing by -2.4% against the previous year. Over the period under review, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 an increase of 5.5%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+0.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in the Middle East

In 2021, supplies from abroad of condensed or evaporated milk (unsweetened) decreased by -15.1% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. As a result, imports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, unsweetened condensed and evaporated milk imports reduced slightly to $X in 2021. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

The United Arab Emirates represented the key importer of condensed or evaporated milk (unsweetened) in the Middle East, with the volume of imports accounting for X tons, which was approx. 35% of total imports in 2021. Saudi Arabia (X tons) ranks second in terms of the total imports with a 19% share, followed by Oman (18%), Kuwait (10%) and Iraq (5.8%). The following importers - Qatar (X tons) and Bahrain (X tons) - each finished at an 8.6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) were the countries with the highest levels of imports in 2021, with a combined 71% share of total imports. These countries were followed by Kuwait, Qatar, Iraq and Bahrain, which together accounted for a further 25%.

Iraq, with a CAGR of +32.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, surging by 14% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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