EU: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in the EU

The EU buttermilk and buttermilk powder market declined modestly to $X in 2022, which is down by -2.3% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in the EU

In value terms, buttermilk and buttermilk powder production amounted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 19%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Buttermilk And Buttermilk Powder

Exports in the EU

In 2022, the amount of buttermilk and buttermilk powder exported in the European Union totaled X tons, surging by 8.4% compared with 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons), France (X tons) and Germany (X tons) represented the major exporter of buttermilk and buttermilk powder in the European Union, achieving 57% of total export. Poland (X tons) ranks next in terms of the total exports with a 9.5% share, followed by Spain (7.1%), the Netherlands (5.6%) and Austria (5.2%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Austria (with a CAGR of +11.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, together comprising 56% of total exports. Poland, the Netherlands, Spain and Austria lagged somewhat behind, together comprising a further 26%.

In terms of the main exporting countries, Austria, with a CAGR of +16.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of 4.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 10%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, 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 the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports in the EU

In 2022, purchases abroad of buttermilk and buttermilk powder increased by 20% to X tons, rising for the eighth consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder imports soared to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2015 indices. The pace of growth was the most pronounced in 2018 when imports increased by 18%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Italy (X tons), the Netherlands (X tons), Germany (X tons), Ireland (X tons), France (X tons), Spain (X tons), Poland (X tons), Portugal (X tons), Romania (X tons), Belgium (X tons), Hungary (X tons) and the Czech Republic (X tons) represented roughly 86% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +26.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, together comprising 39% of total imports. France, Spain, Poland, Belgium, Ireland, Portugal, Romania, Hungary and the Czech Republic lagged somewhat behind, together accounting for a further 45%.

Ireland, with a CAGR of +21.4%, recorded the highest growth rate of the value of imports, among 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 2022, falling by -2.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 12%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Belgium ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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