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

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

The Benelux market for condensed or evaporated milk (unsweetened) was estimated at $X in 2021, increasing by 7.6% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Unsweetened) in Benelux

In value terms, unsweetened condensed and evaporated milk production dropped modestly to $X in 2021 estimated in export price. Overall, production recorded a mild downturn. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in Benelux

In 2021, approx. X tons of condensed or evaporated milk (unsweetened) were exported in Benelux; surging by 4.2% on 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, unsweetened condensed and evaporated milk exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the Netherlands (X tons) represented the major exporter of condensed or evaporated milk (unsweetened), comprising 70% of total exports. Belgium (X tons) ranks second in terms of the total exports with a 21% share, followed by Luxembourg (8.6%).

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of condensed or evaporated milk (unsweetened). At the same time, Belgium (+3.6%) and Luxembourg (+3.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +3.6% from 2012-2021. While the share of Belgium (+5.1 p.p.) and Luxembourg (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-6.8 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest unsweetened condensed and evaporated milk supplier in Benelux, comprising 71% of total exports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total exports.

In the Netherlands, unsweetened condensed and evaporated milk exports decreased by an average annual rate of -1.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+4.1% per year) and Luxembourg (+5.2% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, increasing by 12% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 13%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($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 (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in Benelux

In 2021, imports of condensed or evaporated milk (unsweetened) in Benelux expanded markedly to X tons, increasing by 12% compared with the year before. Total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 33% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) represented the major importer of condensed or evaporated milk (unsweetened), constituting 67% of total imports. It was distantly followed by Belgium (X tons), making up a 31% 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 condensed or evaporated milk (unsweetened). At the same time, Luxembourg (+24.7%) and Belgium (+2.2%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +24.7% from 2012-2021. Belgium (+2.4 p.p.) and Luxembourg (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -4.2% from 2012 to 2021, respectively.

In value terms, the largest unsweetened condensed and evaporated milk importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +8.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, growing by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 43% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform