Report Update Nov 1, 2024

World - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Overview of the Global Market for Condensed Or Evaporated Milk (Sweetened)

Market Size for Condensed Or Evaporated Milk (Sweetened)

The global market for condensed or evaporated milk (sweetened) reached $X in 2022, approximately equating the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +48.0% against 2018 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Condensed Or Evaporated Milk (Sweetened)

In value terms, sweetened condensed and evaporated milk production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 16% against the previous year. Over the period under review, global production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports

After three years of decline, shipments abroad of condensed or evaporated milk (sweetened) increased by 2.1% to X tons in 2022. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk exports totaled $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 29%. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Belgium (X tons), the Netherlands (X tons) and Malaysia (X tons), together resulting at 39% of total export. Belarus (X tons) ranks next in terms of the total exports with a 7.3% share, followed by Togo (5.9%), Germany (5.8%), Spain (5.1%) and Chile (5%). The following exporters - Australia (X tons), Saudi Arabia (X tons), South Korea (X tons), Russia (X tons) and Brazil (X tons) - together made up 12% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +16.5%), while the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Belarus ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 43% of global exports. Germany, Spain, Malaysia, Chile, Saudi Arabia, Australia, South Korea, Togo, Brazil and Russia lagged somewhat behind, together comprising a further 37%.

Among the main exporting countries, South Korea, with a CAGR of +15.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, with an increase of 7.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16%. The global export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.8%), while the other global leaders experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports

In 2022, overseas purchases of condensed or evaporated milk (sweetened) increased by 4.4% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 6.5% against the previous year. Over the period under review, global imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk imports expanded significantly to $X in 2022. In general, imports recorded a relatively flat trend pattern. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), Russia (X tons), the Netherlands (X tons), the United States (X tons), the UK (X tons), France (X tons), Germany (X tons), Indonesia (X tons), Burkina Faso (X tons), Togo (X tons), the United Arab Emirates (X tons) and Spain (X tons) represented roughly 51% of total imports in 2022. China (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +37.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the UK ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, with a combined 23% share of global imports. The Netherlands, Russia, the United States, Germany, Spain, Indonesia, China, the United Arab Emirates, Burkina Faso and Togo lagged somewhat behind, together comprising a further 32%.

China, with a CAGR of +37.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, growing by 7.5% against the previous year. Over the period under review, the import price recorded a slight expansion. The growth pace was the most rapid in 2020 an increase of 13%. Global import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Togo ($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 United Arab Emirates (+12.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in the world?

The United States constituted the country with the largest volume of sweetened condensed and evaporated milk consumption, accounting for 35% of total volume. Moreover, sweetened condensed and evaporated milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was occupied by the UK, with a 6% share.

What are the largest producers of condensed or evaporated milk (sweetened) in the world?

The United States constituted the country with the largest volume of sweetened condensed and evaporated milk production, accounting for 34% of total volume. Moreover, sweetened condensed and evaporated milk production in the United States exceeded the figures recorded by the second-largest producer, Malaysia, threefold. Saudi Arabia ranked third in terms of total production with a 7.7% share.

What are the leading exporters of condensed or evaporated milk (sweetened) in the world?

In value terms, Belgium, the Netherlands and Saudi Arabia constituted the countries with the highest levels of exports in 2021, with a combined 39% share of global exports. These countries were followed by Belarus, Spain, Malaysia, Germany, Chile, Australia and Togo, which together accounted for a further 37%.

What are the leading importers of condensed or evaporated milk (sweetened) in the world?

In value terms, Saudi Arabia, the United Arab Emirates and Russia constituted the countries with the highest levels of imports in 2021, together accounting for 26% of global imports. The Netherlands, France, the UK, Germany, Belgium, Spain, China, Kuwait, Indonesia and Togo lagged somewhat behind, together comprising a further 30%.

What is the average export price for condensed or evaporated milk (sweetened) in the world?

In 2021, the average export price for condensed or evaporated milk sweetened) amounted to $1,587 per ton, falling by -6.7% against the previous year.

What is the average import price for condensed or evaporated milk (sweetened) in the world?

In 2021, the average import price for condensed or evaporated milk sweetened) amounted to $1,757 per ton, dropping by -4.1% against the previous year.

This report provides an in-depth analysis of the global market for sweetened condensed and evaporated milk. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 889 - Whole Milk, Condensed
FCL 896 - Skim Milk, Condensed

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023