Asia: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Asia

The Asian evaporated and condensed milk market expanded remarkably to $X in 2022, growing by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Evaporated And Condensed Milk in Asia

In value terms, evaporated and condensed milk production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Malaysia (X tons), Singapore (X tons) and Saudi Arabia (X tons), with a combined X% share of total production. China, Thailand, Japan, Israel, Kyrgyzstan, Vietnam, Indonesia and Kazakhstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Kyrgyzstan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

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Exports of Evaporated And Condensed Milk

Exports in Asia

Evaporated and condensed milk exports shrank slightly to X tons in 2022, waning by X% compared with the previous year. Total exports indicated a perceptible expansion 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, evaporated and condensed milk exports surged to $X in 2022. Total exports indicated a strong expansion 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. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Saudi Arabia (X tons) represented the major exporter of evaporated and condensed milk, creating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Malaysia (X tons), Oman (X tons) and Kuwait (X tons), together committing a X% share of total exports. The following exporters - Bahrain (X tons) and South Korea (X tons) - each finished at a X% share 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 Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk supplying countries in Asia were Saudi Arabia ($X), the United Arab Emirates ($X) and Malaysia ($X), with a combined X% share of total exports. Kuwait, Oman, Bahrain and South Korea lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Evaporated And Condensed Milk

Imports in Asia

In 2022, overseas purchases of evaporated and condensed milk were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the major importer of evaporated and condensed milk in Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%), Kuwait (X%) and Hong Kong SAR (X%). The following importers - Iraq (X tons), Bahrain (X tons), China (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Qatar (X tons) and Kazakhstan (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk importing markets in Asia were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total imports. Kuwait, Hong Kong SAR, Taiwan (Chinese), China, Iraq, Bahrain, Qatar, Indonesia and Kazakhstan lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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