Eastern Europe: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Eastern Europe

The East European evaporated and condensed milk market expanded modestly to $X in 2022, surging by 3.5% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Eastern Europe

In value terms, evaporated and condensed milk production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 32%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Belarus (X tons), Russia (X tons) and the Czech Republic (X tons), together comprising 70% of total production. Ukraine, Poland, Moldova and Lithuania lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +10.1%), while production for the other leaders experienced more modest paces of growth.

Exports of Evaporated And Condensed Milk

Exports in Eastern Europe

In 2022, approx. X tons of evaporated and condensed milk were exported in Eastern Europe; declining by -20.4% on 2021 figures. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, evaporated and condensed milk exports reduced to $X in 2022. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 39%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus was the largest exporter of evaporated and condensed milk in Eastern Europe, with the volume of exports recording X tons, which was near 47% of total exports in 2022. Russia (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (13%), Poland (11%) and Slovakia (4.7%). The following exporters - the Czech Republic (X tons) and Ukraine (X tons) - together made up 6.6% of total exports.

Exports from Belarus decreased at an average annual rate of -6.9% from 2012 to 2022. At the same time, Slovakia (+3.6%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +3.6% from 2012-2022. Lithuania experienced a relatively flat trend pattern. By contrast, Poland (-3.3%), Russia (-6.1%), the Czech Republic (-10.3%) and Ukraine (-16.2%) illustrated a downward trend over the same period. Lithuania (+6.3 p.p.), Poland (+3.2 p.p.) and Slovakia (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic, Belarus and Ukraine saw its share reduced by -1.8%, -1.9% and -5.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest evaporated and condensed milk supplier in Eastern Europe, comprising 49% of total exports. The second position in the ranking was held by Lithuania ($X), with a 15% share of total exports. It was followed by Russia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus totaled -6.5%. In the other countries, the average annual rates were as follows: Lithuania (+1.2% per year) and Russia (-7.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by 9.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 18%. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Evaporated And Condensed Milk

Imports in Eastern Europe

In 2022, the amount of evaporated and condensed milk imported in Eastern Europe fell to X tons, shrinking by -6.4% on 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, evaporated and condensed milk imports fell slightly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 43%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X tons) and Poland (X tons) represented the main importers of evaporated and condensed milk in 2022, recording approx. 38% and 26% of total imports, respectively. It was distantly followed by Romania (X tons) and Bulgaria (X tons), together achieving a 21% share of total imports. Lithuania (X tons), Hungary (X tons) and Slovakia (X tons) held a little 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 Romania (with a CAGR of +19.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk importing markets in Eastern Europe were Russia ($X), Poland ($X) and Romania ($X), together comprising 73% of total imports.

Among the main importing countries, Romania, with a CAGR of +17.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, with an increase of 1.5% against the previous year. In general, the import price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 an increase of 12%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Romania ($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) :