Benelux: Powdered Milk Market 2024

Powdered Milk Market Size in Benelux

The Benelux powdered milk market skyrocketed to $X in 2022, growing by 41% against the previous year. Over the period under review, consumption continues to indicate a resilient increase. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Powdered Milk Production in Benelux

In value terms, powdered milk production expanded modestly to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were the Netherlands (X tons) and Belgium (X tons).

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +5.2%).

Powdered Milk Exports

Exports in Benelux

In 2022, shipments abroad of powdered milk decreased by -12.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered milk exports totaled $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +24.2% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 35% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the main exporter of powdered milk in Benelux, with the volume of exports reaching X tons, which was approx. 61% of total exports in 2022. It was distantly followed by Belgium (X tons), committing a 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +1.8%).

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, the Netherlands, with a CAGR of +3.0%, saw 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, surging by 24% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by +46.4% against 2019 indices. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.8%).

Powdered Milk Imports

Imports in Benelux

In 2022, powdered milk imports in Benelux amounted to X tons, remaining stable against the previous year. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, powdered milk imports skyrocketed to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +110.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly 100% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +2.7%).

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022.

The Netherlands, with a CAGR of +4.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 20% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, 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 the Netherlands (+1.4%).

Source: IndexBox Platform