United Arab Emirates: Market for Evaporated And Condensed Milk 2024

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

The evaporated and condensed milk market in the United Arab Emirates fell notably to $X in 2022, declining by -16% 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). Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +10.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Exports of Evaporated And Condensed Milk

Exports from the United Arab Emirates

In 2022, after three years of decline, there was growth in shipments abroad of evaporated and condensed milk, when their volume increased by 2.8% to X tons. In general, exports showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 33%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports amounted to $X in 2022. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2013 with an increase of 39%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for evaporated and condensed milk exports from the United Arab Emirates, with a 81% share of total exports. Moreover, evaporated and condensed milk exports to Bahrain exceeded the volume sent to the second major destination, Jordan (X tons), sevenfold. The third position in this ranking was taken by Tanzania (X tons), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to +112.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+60.0% per year) and Tanzania (+27.8% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for evaporated and condensed milk exports from the United Arab Emirates, comprising 61% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Jordan, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain totaled +105.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18,576.7% per year) and Jordan (+62.3% per year).

Export Prices by Country

In 2022, the average evaporated and condensed milk export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Tanzania ($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 the United States (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into the United Arab Emirates

In 2022, approx. X tons of evaporated and condensed milk were imported into the United Arab Emirates; waning by -11% against 2021 figures. In general, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 43%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, evaporated and condensed milk imports dropped modestly to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of evaporated and condensed milk to the United Arab Emirates, with a 44% share of total imports. Moreover, evaporated and condensed milk imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.7% per year) and Spain (+218.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of evaporated and condensed milk to the United Arab Emirates, comprising 41% of total imports. The second position in the ranking was held by Belgium ($X), with a 2.7% share of total imports. It was followed by Germany, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+113.6% per year) and Germany (+14.4% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, increasing by 7.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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