Morocco: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Morocco

The Moroccan market for powdered, evaporated and condensed milk skyrocketed to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a resilient increase. Powdered, evaporated and condensed milk consumption peaked in 2022 and is likely to continue growth in the near future.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Morocco

In 2022, the amount of powdered, evaporated and condensed milk exported from Morocco fell notably to X tons, which is down by X% on 2021. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk exports dropped remarkably to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Equatorial Guinea (X tons) was the main destination for powdered, evaporated and condensed milk exports from Morocco, with a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Equatorial Guinea exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Equatorial Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Niger (X% per year).

In value terms, Equatorial Guinea ($X) remains the key foreign market for powdered, evaporated and condensed milk exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Equatorial Guinea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Niger (X% per year).

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Equatorial Guinea ($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 Ghana (X%), while the prices for the other major destinations experienced a decline.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Morocco

In 2022, powdered, evaporated and condensed milk imports into Morocco soared to X tons, growing by X% on 2021. In general, imports showed a prominent increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, powdered, evaporated and condensed milk imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

France (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Morocco, together accounting for X% of total imports. The Netherlands, Ireland, the UK, Germany, Lithuania, Spain, the United States and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, evaporated and condensed milk suppliers to Morocco were France ($X), Belgium ($X) and Poland ($X), together accounting for X% of total imports. The Netherlands, Ireland, the UK, Germany, Lithuania, the United States, Spain and Canada lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk import price increased by X% against 2018 indices. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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