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Germany - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Germany - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Apr 4, 2023

Evaporated and Condensed Milk Price in Germany Decreases to $1,556 per Ton

Germany Evaporated And Condensed Milk Export Price in January 2023

In January 2023, the evaporated and condensed milk price amounted to $1,556 per ton (FOB, Germany), dropping by -4.5% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 9.9% against the previous month. The export price peaked at $1,875 per ton in September 2022; however, from October 2022 to January 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($2,844 per ton), while the average price for exports to Greece ($1,184 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Germany Evaporated And Condensed Milk Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was condensed or evaporated milk (sweetened) ($2,896 per ton), while the average price for exports of condensed or evaporated milk (unsweetened) totaled $1,438 per ton.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for the following types: sweetened condensed and evaporated milk (+3.2%).

Germany Evaporated And Condensed Milk Exports

In January 2023, the amount of evaporated and condensed milk exported from Germany reached 30K tons, remaining stable against the month before. The total export volume increased at an average monthly rate of +4.0% over the period from January 2022 to January 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth was the most pronounced in February 2022 when exports increased by 28% against the previous month. Over the period under review, the exports hit record highs at 33K tons in November 2022; however, from December 2022 to January 2023, the exports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk exports dropped slightly to $47M (IndexBox estimates) in January 2023. Overall, total exports indicated a pronounced increase from January 2022 to January 2023: its value increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, exports decreased by -17.5% against November 2022 indices. The pace of growth was the most pronounced in February 2022 with an increase of 34% m-o-m. Over the period under review, the exports reached the maximum at 56K tons in November 2022; however, from December 2022 to January 2023, the exports remained at a lower figure.

Germany Evaporated And Condensed Milk Exports by Type

Condensed or evaporated milk (unsweetened) (28K tons) was the largest type of evaporated and condensed milk exported from Germany, accounting for a 92% share of total exports. Moreover, condensed or evaporated milk (unsweetened) exceeded the volume of the second product type, condensed or evaporated milk (sweetened) (2.4K tons), more than tenfold.

From January 2022 to January 2023, the average monthly growth rate of the volume of export of condensed or evaporated milk (unsweetened) stood at +4.8%.

In value terms, condensed or evaporated milk (unsweetened) ($40M) remains the largest type of evaporated and condensed milk exported from Germany, comprising 85% of total exports. The second position in the ranking was taken by condensed or evaporated milk (sweetened) ($7.1M), with a 15% share of total exports.

From January 2022 to January 2023, the average monthly rate of growth in terms of the export volume of condensed or evaporated milk (unsweetened) amounted to +4.9%.

Germany Evaporated And Condensed Milk Exports by Country

The Netherlands (10K tons) was the main destination for evaporated and condensed milk exports from Germany, accounting for a 34% share of total exports. Moreover, evaporated and condensed milk exports to the Netherlands exceeded the volume sent to the second major destination, Greece (4.8K tons), twofold. Libya (4.2K tons) ranked third in terms of total exports with a 14% share.

From January 2022 to January 2023, the average monthly growth rate of volume to the Netherlands stood at +8.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Greece (+4.3% per month) and Libya (+5.4% per month).

In value terms, the largest markets for evaporated and condensed milk exported from Germany were the Netherlands ($13M), Libya ($9.3M) and Greece ($5.7M), with a combined 60% share of total exports.

Libya, with a CAGR of +8.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

German Dairy Industry Faces Price Drop for Evaporated and Condensed Milk Due to Increased Competition and Changing Consumer Preferences

In recent months, the German dairy industry has seen an unprecedented price drop for evaporated and condensed milk. Industry experts speculate that this drop is largely due to increased competition from international suppliers, who have flooded the market with more affordable options.

Additionally, changing consumer preferences and a dip in demand from major purchasers such as the catering industry have contributed to the decrease in prices.

While the drop in prices may be a boon for consumers and smaller dairy companies, larger producers may struggle to remain competitive and could potentially face financial difficulties. Despite this, industry leaders remain optimistic and are hopeful that the market will find a new equilibrium in the coming months.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for evaporated and condensed milk in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 889 - Whole Milk, Condensed
  • FCL 894 - Whole Milk, Evaporated
  • FCL 895 - Skim Milk, Evaporated
  • FCL 896 - Skim Milk, Condensed

Country coverage:

  • Germany

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Germany
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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