United Kingdom - Milk - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMilk Price in UK Peaks at $598 per Ton
United Kingdom Milk Export Price in July 2022
In July 2022, the milk price amounted to $598 per ton (FOB, United Kingdom), rising by 9% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In July 2022, the country with the highest price was Hong Kong SAR ($917 per ton), while the average price for exports to Ireland stood at $547 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+3.0%), while the prices for the other major destinations experienced a decline.
United Kingdom Milk Export Prices by Type
Average prices varied noticeably for the major types of exported product. In July 2022, the product with the highest price was whole fresh milk ($598 per ton), while the average price for exports of skim milk stood at $547 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: whole fresh milk (+3.9%).
United Kingdom Milk Exports
In August 2022, approximately 53K tons of milk were exported from the UK; reducing by -10.7% against July 2022 figures. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in July 2022 with an increase of 1.7% against the previous month. Over the period under review, the exports attained the maximum at 94K tons in January 2022; however, from February 2022 to August 2022, the exports failed to regain momentum.
In value terms, milk exports contracted to $31M (IndexBox estimates) in August 2022. In general, exports saw a abrupt decrease. The growth pace was the most rapid in July 2022 when exports increased by 11% month-to-month. The exports peaked at 50K tons in January 2022; however, from February 2022 to August 2022, the exports remained at a lower figure.
United Kingdom Milk Exports by Type
Whole fresh milk (59K tons) was the largest type of milk exported from the UK, accounting for a 100% share of total exports. It was followed by skim milk (264 tons), with a 0.4% share of total exports.
From January 2022 to July 2022, the average monthly growth rate of the volume of export of whole fresh milk amounted to -7.0%.
In value terms, whole fresh milk ($35M) remains the largest type of milk exported from the UK, comprising 100% of total exports. The second position in the ranking was taken by skim milk ($145K), with a 0.4% share of total exports.
From January 2022 to July 2022, the average monthly rate of growth in terms of the export volume of whole fresh milk totaled -3.5%.
United Kingdom Milk Exports by Country
Ireland (3.8K tons) was the main destination for milk exports from the UK, with a 6.4% share of total exports. It was followed by Hong Kong SAR (6.5 tons), with less than 0.1% share of total exports.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume to Ireland totaled +23.7%.
In value terms, Ireland ($2.1M) emerged as the key foreign market for milk exports from the UK, comprising 5.9% of total exports. The second position in the ranking was held by Hong Kong SAR ($6K), with less than 0.1% share of total exports.
From January 2022 to July 2022, the average monthly growth rate of value to Ireland stood at +27.4%.
This report provides an in-depth analysis of the milk market in the UK. 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 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
- FCL 888 - Skim Milk of Cows
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
