Overview of the Market for Unsweetened Condensed And Evaporated Milk in Israel
In value terms, unsweetened condensed and evaporated milk production amounted to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2015; however, from 2016 to 2019, production remained at a lower figure.
The size of the market for condensed or evaporated milk (unsweetened) in Israel reached $ in 2019, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.