Europe: Milk Market 2024

Milk Market Size in Europe

The Europe milk market was estimated at $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Milk Production in Europe

In value terms, milk production stood at $X in 2022 estimated in export price. Overall, production, however, showed a mild reduction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

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

Milk Exports

Exports in Europe

For the third consecutive year, Europe recorded decline in overseas shipments of milk, which decreased by X% to X tons in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, milk exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; 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 X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Germany (X tons), Belgium (X tons), the Czech Republic (X tons), the UK (X tons), Poland (X tons), France (X tons), Austria (X tons), the Netherlands (X tons), Latvia (X tons), Hungary (X tons), Slovenia (X tons) and Luxembourg (X tons), together amounting to X% of total export.

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

In value terms, Germany ($X), Belgium ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Poland, the UK, France, Austria, the Netherlands, Latvia, Hungary, Slovenia and Luxembourg lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw 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, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Austria ($X per ton), while Latvia ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Milk Imports

Imports in Europe

In 2022, imports of milk in Europe amounted to X tons, with an increase of X% against 2021. In general, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, milk imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), the Netherlands (X tons), Italy (X tons), Ireland (X tons) and Lithuania (X tons) represented the largest importers of milk, together committing X% of total imports. The UK (X tons), Croatia (X tons), Romania (X tons) and France (X tons) held a minor share of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Croatia (X%), Ireland (X%), Romania (X%), the UK (X%), Belgium (X%), the Netherlands (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, France (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Belgium, the Netherlands, Ireland and Lithuania increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported milk in Europe, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Belgium ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform