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

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

In 2021, the Belgian market for condensed or evaporated milk (unsweetened) decreased by -4.1% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a abrupt curtailment. Unsweetened condensed and evaporated milk consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Belgium

In value terms, unsweetened condensed and evaporated milk production stood at $X in 2021 estimated in export price. In general, production recorded a perceptible slump. The growth pace was the most rapid in 2014 when the production volume increased by 23% against the previous year. Unsweetened condensed and evaporated milk production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Belgium

In 2021, the amount of condensed or evaporated milk (unsweetened) exported from Belgium surged to X tons, growing by 23% compared with 2020. Overall, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2021. In general, exports posted a tangible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Greece (X tons) and Germany (X tons) were the main destinations of unsweetened condensed and evaporated milk exports from Belgium, together comprising 71% of total exports. France, Poland, the UK, Bulgaria and Romania lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +59.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unsweetened condensed and evaporated milk exported from Belgium were the Netherlands ($X), Greece ($X) and France ($X), together accounting for 65% of total exports. These countries were followed by Germany, the UK, Poland, Bulgaria and Romania, which together accounted for a further 18%.

Poland, with a CAGR of +65.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, surging by 11% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Belgium

In 2021, supplies from abroad of condensed or evaporated milk (unsweetened) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a temperate increase. The pace of growth appeared the most rapid in 2017 when imports increased by 98%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2021. Over the period under review, imports posted a mild increase. The growth pace was the most rapid in 2017 with an increase of 90% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of unsweetened condensed and evaporated milk imports to Belgium, with a combined 96% share of total imports. Luxembourg lagged somewhat behind, accounting for a further 2.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unsweetened condensed and evaporated milk suppliers to Belgium were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 91% of total imports. Luxembourg lagged somewhat behind, comprising a further 5.6%.

Among the main suppliers, Luxembourg, with a CAGR of +38.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, growing by 12% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 57%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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