EU: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in the EU

The EU market for condensed or evaporated milk (unsweetened) rose slightly to $X in 2021, increasing by 3.1% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Condensed Or Evaporated Milk (Unsweetened) in the EU

In value terms, unsweetened condensed and evaporated milk production reduced to $X in 2021 estimated in export price. Overall, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in the EU

For the third consecutive year, the European Union recorded growth in overseas shipments of condensed or evaporated milk (unsweetened), which increased by 2.1% to X tons in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 9.3% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a mild setback. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) and the Netherlands (X tons) represented roughly 65% of total exports in 2021. France (X tons) ranks next in terms of the total exports with a 13% share, followed by Belgium (9.7%). Luxembourg (X tons), Lithuania (X tons) and Sweden (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sweden (with a CAGR of +34.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest unsweetened condensed and evaporated milk supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising 78% of total exports. France, Luxembourg, Lithuania and Sweden lagged somewhat behind, together comprising a further 18%.

Sweden, with a CAGR of +37.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, surging by 14% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.1%), while the other leaders experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in the EU

In 2021, the amount of condensed or evaporated milk (unsweetened) imported in the European Union rose sharply to X tons, increasing by 8.8% on the previous year. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Greece (X tons), Germany (X tons) and Belgium (X tons) represented roughly 75% of total imports in 2021. Poland (X tons) held the next position in the ranking, followed by France (X tons) and Italy (X tons). All these countries together held near 16% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together accounting for 61% of total imports. These countries were followed by Belgium, France, Italy and Poland, which together accounted for a further 30%.

Poland, with a CAGR of +17.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 the European Union stood at $X per ton in 2021, with an increase of 9.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 25% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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