Kuwait: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Kuwait

The Kuwaiti market for condensed or evaporated milk (unsweetened) surged to $X in 2022, rising by X% against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Condensed Or Evaporated Milk (Unsweetened) in Kuwait

In value terms, unsweetened condensed and evaporated milk production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a modest increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Kuwait

For the fourth year in a row, Kuwait recorded growth in shipments abroad of condensed or evaporated milk (unsweetened), which increased by X% to X tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Kuwait, accounting for a X% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Jordan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Jordan (X% per year).

In value terms, Iraq ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a temperate increase 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, unsweetened condensed and evaporated milk export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($X per ton) and Bahrain ($X per ton), while the average price for exports to Qatar ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Kuwait

For the sixth consecutive year, Kuwait recorded growth in supplies from abroad of condensed or evaporated milk (unsweetened), which increased by X% to X tons in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk imports surged to $X in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Kuwait, accounting for a X% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Saudi Arabia ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Kuwait, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Malaysia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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