Belgium: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Belgium

In 2022, the Belgian market for condensed or evaporated milk (sweetened) decreased by -44.4% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a deep slump. Sweetened condensed and evaporated milk consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Belgium

In value terms, sweetened condensed and evaporated milk production amounted to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.8% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 76%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Belgium

In 2022, sweetened condensed and evaporated milk exports from Belgium was estimated at X tons, increasing by 3.4% compared with 2021 figures. In general, exports recorded a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 23%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sweetened condensed and evaporated milk exports skyrocketed to $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 39%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), France (X tons) and the UK (X tons) were the main destinations of sweetened condensed and evaporated milk exports from Belgium, together accounting for 65% of total exports. Germany, Spain and China lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +51.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for sweetened condensed and evaporated milk exported from Belgium worldwide, with a combined 61% share of total exports. France, Spain and China lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, China, with a CAGR of +54.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Belgium

In 2022, purchases abroad of condensed or evaporated milk (sweetened) decreased by -22.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 45% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk imports contracted notably to $X in 2022. In general, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 49%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to Belgium, with a 49% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Luxembourg (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.4% per year) and Luxembourg (+83.1% per year).

In value terms, the largest sweetened condensed and evaporated milk suppliers to Belgium were Germany ($X), the Netherlands ($X) and France ($X), together comprising 84% of total imports. Spain, Switzerland, Luxembourg and Italy lagged somewhat behind, together comprising a further 14%.

Luxembourg, with a CAGR of +47.8%, 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, dropping by -23.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 23%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :