United Arab Emirates: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in the United Arab Emirates

The market for powdered, evaporated and condensed milk in the United Arab Emirates skyrocketed to $X in 2022, rising by 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). In general, the total consumption indicated a notable increase from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. Powdered, evaporated and condensed milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from the United Arab Emirates

In 2022, shipments abroad of powdered, evaporated and condensed milk was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, powdered, evaporated and condensed milk exports skyrocketed to $X in 2022. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and Somalia (X tons) were the main destinations of powdered, evaporated and condensed milk exports from the United Arab Emirates, together comprising X% of total exports. Yemen, Tanzania, Iraq, Sudan, Jordan, Senegal, New Zealand and Libya lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Somalia ($X) and Yemen ($X) appeared to be the largest markets for powdered, evaporated and condensed milk exported from the United Arab Emirates worldwide, together comprising X% of total exports. Sudan, Iraq, Oman, Jordan, New Zealand, Senegal, Tanzania and Libya lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, New Zealand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Tanzania ($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 New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into the United Arab Emirates

In 2022, approx. X tons of powdered, evaporated and condensed milk were imported into the United Arab Emirates; with an increase of X% on 2021 figures. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, powdered, evaporated and condensed milk imports soared to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), New Zealand (X tons) and the Netherlands (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to the United Arab Emirates, together comprising X% of total imports. Australia, Oman, Ireland, Malaysia, India, Germany and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, New Zealand ($X) constituted the largest supplier of powdered, evaporated and condensed milk to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Saudi Arabia ($X per ton) was 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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