Europe: Powdered Milk Market 2024

Powdered Milk Market Size in Europe

In 2022, the Europe powdered milk market increased by 17% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Powdered Milk Production in Europe

In value terms, powdered milk production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Germany (X tons), France (X tons) and the Netherlands (X tons), with a combined 40% share of total production. Belgium, Ireland, Poland, the UK, Italy, Belarus, Denmark, Ukraine, Finland and Russia lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +12.8%), while production for the other leaders experienced more modest paces of growth.

Powdered Milk Exports

Exports in Europe

In 2022, shipments abroad of powdered milk decreased by -7.3% to X tons, falling for the third year in a row after three years of growth. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 18% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports expanded markedly to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +69.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 21%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the seven major exporters of powdered milk, namely Germany, France, the Netherlands, Ireland, Belgium, Belarus and Poland, represented more than two-thirds of total export. Sweden (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +9.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered milk supplying countries in Europe were Germany ($X), the Netherlands ($X) and France ($X), with a combined 48% share of total exports. Ireland, Belgium, Belarus, Poland and Sweden lagged somewhat behind, together comprising a further 36%.

Ireland, with a CAGR of +12.4%, 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

The export price in Europe stood at $X per ton in 2022, rising by 23% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by +48.7% against 2017 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 26%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Poland ($X per ton), while Belgium ($X per ton) and Belarus ($X per ton) were amongst the lowest.

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

Powdered Milk Imports

Imports in Europe

In 2022, the amount of powdered milk imported in Europe expanded remarkably to X tons, growing by 6% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 7.4% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, powdered milk imports skyrocketed to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +72.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), Belgium (X tons), Italy (X tons), Germany (X tons), Poland (X tons), Russia (X tons), Spain (X tons) and France (X tons) represented roughly 82% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +13.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Germany, Poland, Spain, France and Russia lagged somewhat behind, together accounting for a further 37%.

Poland, with a CAGR of +14.8%, 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 Europe stood at $X per ton in 2022, surging by 19% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk import price increased by +62.2% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Italy ($X per ton) and France ($X per ton), while Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform