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

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Europe

The Europe market for condensed or evaporated milk (unsweetened) was estimated at $X in 2021, remaining constant against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of 8.3%. The level of consumption peaked at $X in 2014; afterwards, it flattened through to 2021.

Production of Condensed Or Evaporated Milk (Unsweetened) in Europe

In value terms, unsweetened condensed and evaporated milk production reached $X in 2021 estimated in export price. Overall, production showed a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in Europe

In 2021, approx. X tons of condensed or evaporated milk (unsweetened) were exported in Europe; with an increase of 3.1% on the previous year's figure. Over the period under review, exports, however, recorded a slight slump. The growth pace was the most rapid in 2020 with an increase of 9.3% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a slight decline. The level of export peaked 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 the key exporters of condensed or evaporated milk (unsweetened) in 2021, recording near 32% and 30% of total exports, respectively. France (X tons) ranks next in terms of the total exports with a 12% share, followed by Belgium (9.1%). The UK (X tons), Luxembourg (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 74% of total exports. These countries were followed by France, Luxembourg, the UK and Lithuania, which together accounted for a further 19%.

Lithuania, with a CAGR of +16.1%, saw 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

The export price in Europe stood at $X per ton in 2021, increasing by 14% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Belgium ($X per ton) and the Netherlands ($X per ton), while the UK ($X per ton) and France ($X per ton) were 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 Europe

In 2021, imports of condensed or evaporated milk (unsweetened) in Europe expanded significantly to X tons, surging by 6.8% against 2020 figures. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 17% 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 skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons), Greece (X tons), Germany (X tons) and Belgium (X tons) represented the major importer of condensed or evaporated milk (unsweetened) in Europe, comprising 73% of total import. It was distantly followed by Poland (X tons) and France (X tons), together mixing up an 11% share of total imports. Italy (X tons) followed a long way behind the leaders.

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, the largest unsweetened condensed and evaporated milk importing markets in Europe were Greece ($X), the Netherlands ($X) and Germany ($X), together accounting for 58% of total imports. These countries were followed by Belgium, France, Italy and Poland, which together accounted for a further 29%.

In terms of the main importing countries, Poland, with a CAGR of +17.1%, 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 Europe stood at $X per ton in 2021, surging by 9.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 23% 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