United Arab Emirates: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in the United Arab Emirates

For the third consecutive year, the market for condensed or evaporated milk (sweetened) in the United Arab Emirates recorded decline in sales value, which decreased by -41.1% to $X in 2022. Over the period under review, consumption saw a deep slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from the United Arab Emirates

In 2022, sweetened condensed and evaporated milk exports from the United Arab Emirates reduced to X tons, shrinking by -9.3% compared with the previous year's figure. Overall, exports, however, saw a moderate expansion. The pace of growth was the most pronounced in 2017 when exports increased by 312% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk exports reached $X in 2022. In general, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 257% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Jordan (X tons) was the main destination for sweetened condensed and evaporated milk exports from the United Arab Emirates, with a 52% share of total exports. Moreover, sweetened condensed and evaporated milk exports to Jordan exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. Tanzania (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan totaled +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+155.9% per year) and Tanzania (+27.1% per year).

In value terms, Jordan ($X) emerged as the key foreign market for condensed or evaporated milk (sweetened) exports from the United Arab Emirates, comprising 57% of total exports. The second position in the ranking was held by Bahrain ($X), with a 24% share of total exports. It was followed by the United States, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Jordan totaled +62.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+148.2% per year) and the United States (0.0% per year).

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2016 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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 Oman (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into the United Arab Emirates

In 2022, supplies from abroad of condensed or evaporated milk (sweetened) decreased by -40% to X tons, falling for the fourth consecutive year after seven years of growth. Over the period under review, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 134% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk imports declined to $X in 2022. In general, imports, however, saw a perceptible increase. The pace of growth appeared the most rapid in 2013 when imports increased by 138% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Spain (X tons) and the Philippines (X tons) were the main suppliers of sweetened condensed and evaporated milk imports to the United Arab Emirates, with a combined 40% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +218.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweetened condensed and evaporated milk suppliers to the United Arab Emirates were the Netherlands ($X), Spain ($X) and Belgium ($X), with a combined 37% share of total imports.

Spain, with a CAGR of +172.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other 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, increasing by 54% against the previous year. In general, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 57% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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