Benelux: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Benelux

In 2022, after two years of growth, there was significant decline in the Benelux buttermilk and buttermilk powder market, when its value decreased by -22.3% to $X. In general, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Production of Buttermilk And Buttermilk Powder in Benelux

In value terms, buttermilk and buttermilk powder production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 26%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Buttermilk And Buttermilk Powder

Exports in Benelux

In 2022, approx. X tons of buttermilk and buttermilk powder were exported in Benelux; with an increase of 20% against the year before. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium represented the major exporter of buttermilk and buttermilk powder in Benelux, with the volume of exports finishing at X tons, which was approx. 74% of total exports in 2022. The Netherlands (X tons) ranks second in terms of the total exports with a 19% share, followed by Luxembourg (7.8%).

Belgium experienced a relatively flat trend pattern with regard to volume of exports of buttermilk and buttermilk powder. At the same time, Luxembourg (+8.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +8.7% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. While the share of Luxembourg (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-3.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest buttermilk and buttermilk powder supplier in Benelux, comprising 67% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 28% share of total exports.

In Belgium, buttermilk and buttermilk powder exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-0.9% per year) and Luxembourg (+9.4% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, waning by -2% against the previous year. In general, the export price recorded a mild descent. The growth pace was the most rapid in 2013 an increase of 13%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Buttermilk And Buttermilk Powder

Imports in Benelux

For the third consecutive year, Benelux recorded growth in purchases abroad of buttermilk and buttermilk powder, which increased by 0.3% to X tons in 2022. In general, imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 13%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, buttermilk and buttermilk powder imports amounted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 37% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) represented the largest importer of buttermilk and buttermilk powder, committing 74% of total imports. It was distantly followed by Belgium (X tons), constituting a 24% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of buttermilk and buttermilk powder. At the same time, Luxembourg (+1.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +1.7% from 2012-2022. By contrast, Belgium (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported buttermilk and buttermilk powder in Benelux, comprising 70% of total imports. The second position in the ranking was held by Belgium ($X), with a 27% share of total imports.

In the Netherlands, buttermilk and buttermilk powder imports increased at an average annual rate of +1.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-1.9% per year) and Luxembourg (-1.3% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 when the import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform