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

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

The East European market for condensed or evaporated milk (unsweetened) reduced to $X in 2021, approximately mirroring the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, unsweetened condensed and evaporated milk production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 27%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in Eastern Europe

In 2021, approx. X tons of condensed or evaporated milk (unsweetened) were exported in Eastern Europe; waning by -4.4% compared with 2020 figures. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 32%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports rose markedly to $X in 2021. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 44% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Lithuania (X tons) represented the main exporter of condensed or evaporated milk (unsweetened), creating 48% of total exports. It was distantly followed by Belarus (X tons), Poland (X tons), Russia (X tons) and the Czech Republic (X tons), together generating a 47% share of total exports. The following exporters - Romania (X tons) and Bulgaria (X tons) - together made up 4.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to unsweetened condensed and evaporated milk exports from Lithuania stood at +14.1%. At the same time, Bulgaria (+20.8%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +20.8% from 2012-2021. By contrast, Russia (-7.3%), Poland (-9.8%), the Czech Republic (-11.7%), Belarus (-20.3%) and Romania (-23.6%) illustrated a downward trend over the same period. While the share of Lithuania (+42 p.p.), Russia (+2.2 p.p.) and Bulgaria (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-1.5 p.p.), Romania (-8.8 p.p.) and Belarus (-35.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lithuania ($X) remains the largest unsweetened condensed and evaporated milk supplier in Eastern Europe, comprising 51% of total exports. The second position in the ranking was taken by Belarus ($X), with a 17% share of total exports. It was followed by Russia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Lithuania totaled +16.1%. In the other countries, the average annual rates were as follows: Belarus (-21.5% per year) and Russia (-9.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, increasing by 17% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in Eastern Europe

In 2021, approx. X tons of condensed or evaporated milk (unsweetened) were imported in Eastern Europe; dropping by -10.4% on 2020 figures. Total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 55%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports expanded remarkably to $X in 2021. Over the period under review, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 59%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland was the key importing country with an import of around X tons, which recorded 55% of total imports. Romania (X tons) ranks second in terms of the total imports with a 14% share, followed by Bulgaria (12%), Lithuania (5.5%) and the Czech Republic (5.5%). The following importers - Russia (X tons) and Slovakia (X tons) - together made up 6.4% of total imports.

Poland was also the fastest-growing in terms of the condensed or evaporated milk (unsweetened) imports, with a CAGR of +17.9% from 2012 to 2021. At the same time, Romania (+13.7%), the Czech Republic (+11.4%), Slovakia (+6.6%) and Bulgaria (+1.5%) displayed positive paces of growth. Lithuania experienced a relatively flat trend pattern. By contrast, Russia (-24.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Romania and the Czech Republic increased by +42, +9 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported condensed or evaporated milk (unsweetened) in Eastern Europe, comprising 48% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 14% share of total imports. It was followed by Romania, with an 11% share.

In Poland, unsweetened condensed and evaporated milk imports expanded at an average annual rate of +17.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bulgaria (+3.0% per year) and Romania (+11.0% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 21% against the previous year. Overall, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 23%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($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 Czech Republic (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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