Mongolia: Market for Evaporated And Condensed Milk 2019

Market Size for Evaporated And Condensed Milk in Mongolia

The revenue of the evaporated and condensed milk market in Mongolia amounted to $X in 2018, growing by X% against the previous year. Overall, evaporated and condensed milk consumption continues to indicate prominent growth. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Mongolia evaporated and condensed milk consumption peaked in 2018 and is likely to continue its growth in the near future.

Production of Evaporated And Condensed Milk in Mongolia

In value terms, evaporated and condensed milk production stood at $X in 2018 estimated in export prices. Overall, evaporated and condensed milk production continues to indicate remarkable growth. The growth pace was the most rapid in 2013 when production volume increased by X% y-o-y. Over the period under review, evaporated and condensed milk production attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Exports of Evaporated And Condensed Milk

Exports from Mongolia

In 2018, the amount of evaporated and condensed milk exported from Mongolia amounted to X kg, remaining relatively unchanged against the previous year. Overall, evaporated and condensed milk exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. In that year, evaporated and condensed milk exports attained their peak of X kg; afterwards, it flattened through to 2018.

In value terms, evaporated and condensed milk exports stood at $X in 2018. Overall, evaporated and condensed milk exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Mongolia exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Saudi Arabia represented the key exporting country with an export of about X tons, which resulted at X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%). Thailand (X tons), Kuwait (X tons), Yemen (X tons) and Vietnam (X tons) took 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) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports.

Among the main exporting countries, the United Arab Emirates recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the evaporated and condensed milk export price in Mongolia amounted to $X per ton, surging by X% against the previous year. In general, the evaporated and condensed milk export price continues to indicate significant growth. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, the export prices for evaporated and condensed milk attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Mongolia

In 2018, the amount of evaporated and condensed milk imported into Mongolia totaled X tons, going down by -X% against the previous year. Over the period under review, evaporated and condensed milk imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Mongolia imports peaked at X tons in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk imports totaled $X in 2018. Over the period under review, evaporated and condensed milk imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, evaporated and condensed milk imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the key importer of evaporated and condensed milk in the world, with the volume of imports accounting for X tons, which was near X% of total imports in 2018. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%), China, Hong Kong SAR (X%), Bahrain (X%) and China (X%). Qatar (X tons), Vietnam (X tons), Kazakhstan (X tons), Kuwait (X tons) and the Philippines (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +X% from 2007 to 2018. 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. While the share of 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.) increased significantly in terms of the global imports from 2007-2018, the share of Kazakhstan (-X p.p.) displayed negative dynamics. 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 Mongolia were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total imports. These countries were followed by China, China, Hong Kong SAR, Bahrain, Qatar, Kuwait, Kazakhstan, Vietnam, the Philippines and Mongolia, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The evaporated and condensed milk import price in Mongolia stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. In general, the evaporated and condensed milk import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Over the period under review, the import prices for evaporated and condensed milk reached their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat 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