EU: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in the EU

The EU evaporated and condensed milk market expanded rapidly to $X in 2022, with an increase of 9.7% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.0% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Production of Evaporated And Condensed Milk in the EU

In value terms, evaporated and condensed milk production rose slightly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 35%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were Germany (X tons), the Netherlands (X tons) and Belgium (X tons), together accounting for 72% of total production. Spain, Ireland, France and the Czech Republic lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Ireland (with a CAGR of +56.8%), while production for the other leaders experienced more modest paces of growth.

Exports of Evaporated And Condensed Milk

Exports in the EU

Evaporated and condensed milk exports stood at X tons in 2022, remaining constant against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 9.8% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, evaporated and condensed milk exports totaled $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 17%. Over the period under review, the exports hit record highs at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

The Netherlands (X tons) and Germany (X tons) represented roughly 62% of total exports in 2022. Belgium (X tons) ranks next in terms of the total exports with a 15% share, followed by France (9.9%). The following exporters - Spain (X tons) and Luxembourg (X tons) - each amounted to a 6.2% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +5.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 78% share of total exports.

Belgium, with a CAGR of +8.5%, recorded the highest rates of growth with regard to 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 2022, the export price in the European Union amounted to $X per ton, increasing by 10% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 13%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

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 Belgium ($X per ton), while Luxembourg ($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 (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports in the EU

Evaporated and condensed milk imports totaled X tons in 2022, growing by 9.5% compared with 2021. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, evaporated and condensed milk imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; 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.

Imports by Country

The countries with the highest levels of evaporated and condensed milk imports in 2022 were the Netherlands (X tons), Greece (X tons), Germany (X tons), Belgium (X tons) and France (X tons), together accounting for 75% of total import. Italy (X tons), Poland (X tons), Austria (X tons), Denmark (X tons), Romania (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +46.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk importing markets in the European Union were the Netherlands ($X), Greece ($X) and Germany ($X), together comprising 51% of total imports. France, Belgium, Italy, Poland, Spain, Austria, Denmark and Romania lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, Denmark, with a CAGR of +33.9%, recorded the highest growth rate of 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 the European Union stood at $X per ton in 2022, growing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 an increase of 17%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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