France: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in France

The French market for condensed or evaporated milk (sweetened) shrank to $X in 2022, waning by -2.1% against the previous year. Overall, consumption recorded strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in France

In value terms, sweetened condensed and evaporated milk production shrank to $X in 2022 estimated in export price. In general, production posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 967% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from France

In 2022, approx. X tons of condensed or evaporated milk (sweetened) were exported from France; with a decrease of -15.8% compared with the year before. Over the period under review, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 157% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports expanded markedly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 79%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X tons), Germany (X tons) and the UK (X tons) were the main destinations of sweetened condensed and evaporated milk exports from France, together comprising 75% of total exports. China, Italy, Greece, Switzerland, Belgium, Cote d'Ivoire and Spain lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +92.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for condensed or evaporated milk (sweetened) exports from France, comprising 46% of total exports. The second position in the ranking was held by the UK ($X), with an 11% share of total exports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+21.2% per year) and Germany (+38.6% per year).

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, increasing by 25% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweetened condensed and evaporated milk export price increased by +45.3% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into France

In 2022, supplies from abroad of condensed or evaporated milk (sweetened) increased by 8.6% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 19%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of sweetened condensed and evaporated milk imports to France, together comprising 81% of total imports. The Netherlands, Luxembourg and Lithuania lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to France, comprising 49% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Spain (+1.3% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, picking up by 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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