Milk powder with fat content of >1.5% market in Western Asia

Earlier Report Observations

The market for milk powder in Western Asia showed substantial volatility in volume from 2018 to 2023. After starting at 409 thousand tons in 2018, consumption fell sharply to 300 thousand tons in 2019 before rebounding to 430 thousand tons in 2020. A significant contraction followed in 2021, bringing the market down to 227 thousand tons, but it then recovered over the next two years to 314 thousand tons in 2022 and 436 thousand tons in 2023.

In value terms, the market followed a similarly uneven trajectory. The market's worth declined from 911 million USD in 2018 to 797 million USD in 2019, then surged to 1.1 billion USD in 2020. It dropped back to 907 million USD in 2021, rose markedly to 1.24 billion USD in 2022, and settled at 1.11 billion USD in 2023. During this period, domestic production increased steadily from 1.1 thousand tons to 2.6 thousand tons.

Production milk powder with fat content of >1.5% in Western Asia

In kind, 2017-2020, t

Top producers of milk powder with fat content of >1.5%, 2017-2020

World map of production of milk powder with fat content of >1.5%, 2017-2020

Western Asia's production of milk powder with a fat content exceeding 1.5% has grown for the third year in a row. In 2020, the region produced 1,721 tonnes, marking a 40.5% increase compared to 2019. Looking at the period from 2017 to 2020, production surged by 1,370.2%, which translates to an annualized growth rate of 145.0%.

Annual dynamics of production in Western Asia in kind, 2017-2020, t

Exports milk powder with fat content of >1.5% from Western Asia

Exports in kind, K t

Western Asia's exports of milk powder with a fat content over 1.5% have risen for the second consecutive year. In 2020, exports reached 157.7 thousand tonnes, showing a strong gain of 24.2% from 2019. However, over the broader period from 2017 to 2020, exports decreased by 15.5%, with an annualized decline of 5.5%. The lowest point was in 2018, at 121.8 thousand tonnes, which also saw the largest drop of 34.7%.

Annual dynamics of product's exports from Western Asia in kind, 2017-2020, K t

From 2017 to 2020, Somalia, Sudan, and Kenya were among the top buyers of milk powder with over 1.5% fat content from Western Asia, accounting for 15.8%, 3.8%, and 1.8% of exports in kind, respectively. Together, they represented just 21.4% of total exports, indicating a broadly diversified partner base.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Western Asia in kind, 2017-2020

Exports in value, M $ US

Cross-border shipments of milk powder with over 1.5% fat content from Western Asia declined for the second year in a row in value terms. In 2020, exports amounted to 827 million US dollars, down by 0.8% from the previous year. Over the period from 2017 to 2020, exports increased by 36%, with a compound annual growth rate of 10.8%. The peak was in 2018 at 895 million US dollars, which also saw the largest increase of 47.1%. The largest decline occurred in 2019, at 6.7%.

Annual dynamics of product's exports from Western Asia in value, 2017-2020, M $ US

From 2017 to 2020, exports in value terms of milk powder with over 1.5% fat content from Western Asia were spread across many countries. Somalia, Sudan, and Kenya accounted for 14.6%, 3.0%, and 1.7% of exports in value, respectively, jointly making up only 19.3% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Western Asia in value, 2017-2020

Imports milk powder with fat content of >1.5% to Western Asia

Imports in kind, K t

After a two-year decline, imports of milk powder with over 1.5% fat content into Western Asia increased. In 2020, the region imported 586.3 thousand tonnes, indicating a sharp gain of 37.6% compared to 2019. Over the period from 2017 to 2020, imports grew by 10.2%, with a compound annual growth rate of 3.3%. The lowest point was in 2019 at 426.0 thousand tonnes, which also recorded the largest decline of 19.6%.

Annual dynamics of product's imports to Western Asia in kind, 2017-2020, K t

From 2017 to 2020, imports in kind of milk powder with over 1.5% fat content to Western Asia were spread across many countries. New Zealand, the Netherlands, and Denmark accounted for 29.4%, 10.2%, and 4.5% of imports in kind, respectively, jointly representing 44.1% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Western Asia in kind, 2017-2020

Imports in value, M $ US

In 2020, Western Asia's imports of milk powder with over 1.5% fat content totalled 1,919 million US dollars, showing an advance of 18.6% compared to the previous year. Between 2017 and 2020, imports increased by 14.6%, equating to an annualized rate of 4.6%. The minimum value was recorded in 2019 at 1,618 million US dollars, which also saw the largest decline of 9.6%.

Annual dynamics of product's imports to Western Asia in value, 2017-2020, M $ US

From 2017 to 2020, New Zealand, the Netherlands, and Denmark formed the largest group of suppliers of milk powder with over 1.5% fat content to Western Asia in value terms, accounting for 28.6%, 11.3%, and 4.6% of imports, respectively. Their combined contribution was limited to 44.5% of total imports, reflecting a diversified country structure.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Western Asia in value, 2017-2020