Europe: Cream Fresh Market 2024

Cream Fresh Market Size in Europe

The Europe cream fresh market was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cream Fresh Production in Europe

In value terms, cream fresh production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 35% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Germany (X tons), France (X tons) and Italy (X tons), together accounting for 42% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Italy (with a CAGR of +9.1%), while production for the other leaders experienced more modest paces of growth.

Cream Fresh Exports

Exports in Europe

For the fourth year in a row, Europe recorded growth in shipments abroad of cream fresh, which increased by 9.2% to X tons in 2022. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 9.3% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, cream fresh exports soared to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by 42%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Germany (X tons), France (X tons) and Belgium (X tons) represented roughly 57% of total exports in 2022. It was distantly followed by Poland (X tons), Spain (X tons), Lithuania (X tons) and Denmark (X tons), together comprising a 26% 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 Denmark (with a CAGR of +12.1%), while 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 2022, together comprising 48% of total exports. France, Poland, Lithuania, Spain and Denmark lagged somewhat behind, together comprising a further 33%.

Lithuania, with a CAGR of +11.4%, recorded 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 2022, the export price in Europe amounted to $X per ton, with an increase of 19% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price 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, cream fresh export price increased by +35.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Denmark ($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 (+7.7%), while the other leaders experienced more modest paces of growth.

Cream Fresh Imports

Imports in Europe

In 2022, cream fresh imports in Europe expanded significantly to X tons, with an increase of 12% against the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, cream fresh imports soared to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +67.6% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 48%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of cream fresh imports in 2022 were Belgium (X tons), Germany (X tons), France (X tons) and the Netherlands (X tons), together finishing at 56% of total import. It was distantly followed by Italy (X tons) and Poland (X tons), together creating a 13% share of total imports. The following importers - Spain (X tons), Denmark (X tons), Russia (X tons), Greece (X tons), Ireland (X tons), Slovakia (X tons) and the UK (X tons) - together made up 18% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the countries with the highest levels of imports in 2022, together comprising 52% of total imports. Italy, Poland, the Netherlands, Denmark, the UK, Russia, Greece, Slovakia, Spain and Ireland lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, Poland, with a CAGR of +21.1%, recorded 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

In 2022, the import price in Europe amounted to $X per ton, picking up by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2017 an increase of 31%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform