Estonia: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Estonia

After three years of growth, the Estonian market for powdered, evaporated and condensed milk decreased by X% to $X in 2022. Over the period under review, consumption, however, saw a moderate expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Powdered, Evaporated And Condensed Milk in Estonia

In value terms, powdered, evaporated and condensed milk production rose modestly to $X in 2022 estimated in export price. Overall, production showed a perceptible expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Estonia

In 2022, after four years of growth, there was decline in shipments abroad of powdered, evaporated and condensed milk, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a tangible increase. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports skyrocketed to $X in 2022. In general, exports, however, showed prominent growth. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for powdered, evaporated and condensed milk exports from Estonia, accounting for a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Poland exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Romania (X% per year).

In value terms, Poland ($X) remains the key foreign market for powdered, evaporated and condensed milk exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Romania (X% per year).

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a measured expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Estonia

In 2022, supplies from abroad of powdered, evaporated and condensed milk decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, powdered, evaporated and condensed milk imports reached $X in 2022. Overall, imports, however, showed a pronounced expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of powdered, evaporated and condensed milk to Estonia, with a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from Denmark exceeded the figures recorded by the second-largest supplier, Latvia (X tons), fivefold. The third position in this ranking was taken by Finland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Finland (X% per year).

In value terms, the largest powdered, evaporated and condensed milk suppliers to Estonia were Latvia ($X), Denmark ($X) and Finland ($X), with a combined X% share of total imports.

Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform