Eastern Europe: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Eastern Europe

In 2022, the East European market for condensed or evaporated milk (sweetened) increased by 4.1% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Condensed Or Evaporated Milk (Sweetened) in Eastern Europe

In value terms, sweetened condensed and evaporated milk production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 39%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports in Eastern Europe

In 2022, shipments abroad of condensed or evaporated milk (sweetened) decreased by -8.5% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk exports dropped modestly to $X in 2022. Over the period under review, exports showed a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus was the largest exporting country with an export of around X tons, which finished at 58% of total exports. Russia (X tons) held the second position in the ranking, followed by Lithuania (X tons) and Slovakia (X tons). All these countries together held near 30% share of total exports. Poland (X tons), Ukraine (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sweetened condensed and evaporated milk exports from Belarus stood at +1.1%. At the same time, Poland (+19.3%), Slovakia (+3.7%), Lithuania (+1.6%) and the Czech Republic (+1.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +19.3% from 2012-2022. By contrast, Russia (-5.7%) and Ukraine (-16.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Poland, Lithuania and Slovakia increased by +13, +3.7, +2.9 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest sweetened condensed and evaporated milk supplier in Eastern Europe, comprising 57% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 13% share of total exports. It was followed by Russia, with a 9.4% share.

In Belarus, sweetened condensed and evaporated milk exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lithuania (+1.5% per year) and Russia (-6.9% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of 6.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 29% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.8%), while the other leaders experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports in Eastern Europe

In 2022, supplies from abroad of condensed or evaporated milk (sweetened) decreased by -6.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk imports fell to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 37%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, reaching X tons, which was near 67% of total imports in 2022. Poland (X tons) ranks second in terms of the total imports with a 9.9% share, followed by Lithuania (4.9%). Hungary (X tons), Slovakia (X tons), Belarus (X tons) and Latvia (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sweetened condensed and evaporated milk imports into Russia stood at +2.9%. At the same time, Belarus (+18.2%), Lithuania (+5.6%), Latvia (+4.8%) and Slovakia (+4.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +18.2% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Poland (-7.8%) illustrated a downward trend over the same period. While the share of Russia (+15 p.p.), Belarus (+2.2 p.p.) and Lithuania (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Poland (-13.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported condensed or evaporated milk (sweetened) in Eastern Europe, comprising 58% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports. It was followed by Hungary, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled +1.5%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (-5.9% per year) and Hungary (+6.8% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 13%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :