EU: Yoghurt Market 2024

Yoghurt Market Size in the EU

In 2022, after six years of growth, there was decline in the EU yoghurt market, when its value decreased by -0.4% to $X. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then shrank slightly in the following year.

Yoghurt Production in the EU

In value terms, yoghurt production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Yoghurt Exports

Exports in the EU

After three years of growth, shipments abroad of yoghurt decreased by -3.7% to X tons in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 7.9%. As a result, the exports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, yoghurt exports shrank to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 15%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Germany represented the key exporter of yoghurt in the European Union, with the volume of exports resulting at X tons, which was approx. 35% of total exports in 2022. It was distantly followed by France (X tons), Greece (X tons), Austria (X tons), Spain (X tons) and Belgium (X tons), together creating a 42% share of total exports. The Czech Republic (X tons), Poland (X tons), Romania (X tons), Finland (X tons), the Netherlands (X tons) and Portugal (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to yoghurt exports from Germany stood at +2.2%. At the same time, Romania (+17.6%), Greece (+14.8%), Portugal (+10.0%), the Netherlands (+7.5%) and Belgium (+3.3%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +17.6% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Finland (-1.2%), Poland (-1.6%), the Czech Republic (-2.6%), Austria (-3.1%) and France (-5.2%) illustrated a downward trend over the same period. Greece (+6.4 p.p.), Germany (+5.7 p.p.) and Romania (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Austria and France saw its share reduced by -3.2% and -10.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest yoghurt supplier in the European Union, comprising 33% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports. It was followed by Greece, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +2.2%. The remaining exporting countries recorded the following average annual rates of exports growth: France (-4.1% per year) and Greece (+11.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, reducing by -2.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7.8% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Greece ($X per ton), while Finland ($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 (+2.4%), while the other leaders experienced more modest paces of growth.

Yoghurt Imports

Imports in the EU

In 2022, overseas purchases of yoghurt decreased by -0.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 2.2%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, yoghurt imports contracted modestly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 8.9% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons), followed by Spain (X tons), the Netherlands (X tons), Germany (X tons), Portugal (X tons), Belgium (X tons) and Sweden (X tons) were the key importers of yoghurt, together constituting 70% of total imports. The following importers - France (X tons), Hungary (X tons), Austria (X tons), Ireland (X tons), Finland (X tons) and Poland (X tons) - together made up 17% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt importing markets in the European Union were Italy ($X), Spain ($X) and the Netherlands ($X), together comprising 36% of total imports. Belgium, Germany, Portugal, Sweden, France, Ireland, Austria, Poland, Hungary and Finland lagged somewhat behind, together comprising a further 51%.

In terms of the main importing countries, Hungary, with a CAGR of +8.2%, saw 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

The import price in the European Union stood at $X per ton in 2022, reducing by -3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8.1%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while Hungary ($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 (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :