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

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

In 2022, the Benelux market for condensed or evaporated milk (sweetened) decreased by -7% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Benelux

In value terms, sweetened condensed and evaporated milk production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% 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 2020 with an increase of 30% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports in Benelux

In 2022, approx. X tons of condensed or evaporated milk (sweetened) were exported in Benelux; with an increase of 2.9% compared with the year before. The total export volume increased at an average annual rate of +6.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 22% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, sweetened condensed and evaporated milk exports surged to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 45% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons) and the Netherlands (X tons) was the largest exporter of condensed or evaporated milk (sweetened) in Benelux, generating 99% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +9.8%).

In value terms, the largest sweetened condensed and evaporated milk supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

Among the main exporting countries, Belgium, with a CAGR of +12.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, picking up by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 an increase of 19%. 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 remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%).

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports in Benelux

In 2022, overseas purchases of condensed or evaporated milk (sweetened) increased by 7.8% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports saw a temperate expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 112% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk imports expanded sharply to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 56%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands represented the major importer of condensed or evaporated milk (sweetened) in Benelux, with the volume of imports accounting for X tons, which was near 79% of total imports in 2022. It was distantly followed by Belgium (X tons), mixing up a 19% share of total imports. Luxembourg (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sweetened condensed and evaporated milk imports into the Netherlands stood at +2.9%. At the same time, Luxembourg (+9.6%) and Belgium (+5.1%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +9.6% from 2012-2022. Belgium (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported condensed or evaporated milk (sweetened) in Benelux, comprising 78% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +6.2%. In the other countries, the average annual rates were as follows: Belgium (+4.4% per year) and Luxembourg (+14.4% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2017 an increase of 46%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Belgium ($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 (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform