Benelux: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Benelux

The Benelux evaporated and condensed milk market rose remarkably to $X in 2022, increasing by 5.8% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Evaporated And Condensed Milk in Benelux

In value terms, evaporated and condensed milk production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The Netherlands (X tons) constituted the country with the largest volume of evaporated and condensed milk production, comprising approx. 79% of total volume. Moreover, evaporated and condensed milk production in the Netherlands exceeded the figures recorded by the second-largest producer, Belgium (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume in the Netherlands stood at +3.8%. In the other countries, the average annual rates were as follows: Belgium (+1.2% per year) and Luxembourg (+3.3% per year).

Exports of Evaporated And Condensed Milk

Exports in Benelux

In 2022, the amount of evaporated and condensed milk exported in Benelux stood at X tons, increasing by 3.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 7.8%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, evaporated and condensed milk exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 18%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

The Netherlands represented the key exporting country with an export of around X tons, which recorded 65% of total exports. Belgium (X tons) held the second position in the ranking, distantly followed by Luxembourg (X tons). All these countries together took near 35% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of evaporated and condensed milk. At the same time, Belgium (+5.6%) and Luxembourg (+3.3%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +5.6% from 2012-2022. While the share of Belgium (+8.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-8.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest evaporated and condensed milk supplying countries in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X), with a combined 99.9% share of total exports.

Among the main exporting countries, Belgium, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by 7.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Evaporated And Condensed Milk

Imports in Benelux

In 2022, approx. X tons of evaporated and condensed milk were imported in Benelux; picking up by 4.6% compared with the previous year's figure. Total imports indicated a mild increase from 2012 to 2022: its volume 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, imports increased by +27.3% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, evaporated and condensed milk imports soared to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +59.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) was the major importer of evaporated and condensed milk, constituting 64% of total imports. It was distantly followed by Belgium (X tons), comprising a 34% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +4.1%).

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

Belgium, with a CAGR of +4.4%, 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

The import price in Benelux stood at $X per ton in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2014 an increase of 38%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 (+3.1%).

Source: IndexBox Platform