Estonia: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Estonia

In 2022, the Estonian market for powdered, condensed or evaporated milk decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, continues to indicate resilient growth. 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, Condensed Or Evaporated Milk in Estonia

In value terms, powdered, condensed or evaporated milk production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a perceptible increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Estonia

In 2022, after four years of growth, there was decline in shipments abroad of powdered, condensed or evaporated milk, when their volume decreased by X% to X tons. Overall, exports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports soared to $X in 2022. Over the period under review, exports, however, saw a strong increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for powdered, condensed or evaporated milk exports from Estonia, accounting for a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Poland exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was taken by Romania (X tons), 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 ($X) remains the key foreign market for powdered, condensed or evaporated milk exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to 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, condensed or evaporated milk stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed notable growth. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign 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, Condensed Or Evaporated Milk

Imports into Estonia

After four years of growth, purchases abroad of powdered, condensed or evaporated milk decreased by X% to X tons in 2022. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, powdered, condensed or evaporated milk imports rose slightly to $X in 2022. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest powdered, condensed or evaporated milk supplier to Estonia, with a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Denmark exceeded the figures recorded by the second-largest supplier, Latvia (X tons), eightfold. Finland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark stood at 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, Finland ($X), Denmark ($X) and Latvia ($X) constituted the largest powdered, condensed or evaporated milk suppliers to Estonia, together comprising X% of total imports.

In terms of the main suppliers, Denmark, with a CAGR of X%, recorded 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

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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