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

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

The German market for condensed or evaporated milk (sweetened) was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption recorded significant growth. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Production of Condensed Or Evaporated Milk (Sweetened) in Germany

In value terms, sweetened condensed and evaporated milk production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period 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 2018 with an increase of 14%. Sweetened condensed and evaporated milk production peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Germany

After four years of growth, shipments abroad of condensed or evaporated milk (sweetened) decreased by -10.5% to X tons in 2022. The total export volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 23% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, sweetened condensed and evaporated milk exports reached $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +60.5% against 2016 indices. The pace of growth was the most pronounced in 2014 when exports increased by 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Poland (X tons) and the Netherlands (X tons) were the main destinations of sweetened condensed and evaporated milk exports from Germany, together comprising 40% of total exports. Italy, the UK, Belgium, China, Slovenia, Sweden, Australia, Lithuania, Malaysia and the Czech Republic lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +271.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Poland ($X) were the largest markets for sweetened condensed and evaporated milk exported from Germany worldwide, together comprising 43% of total exports. The UK, Italy, Belgium, China, Sweden, Slovenia, Australia, Malaysia, Lithuania and the Czech Republic lagged somewhat behind, together comprising a further 41%.

Australia, with a CAGR of +362.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, growing by 13% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Slovenia ($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 Australia (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Germany

In 2022, the amount of condensed or evaporated milk (sweetened) imported into Germany skyrocketed to X tons, increasing by 54% on the year before. Over the period under review, imports saw a noticeable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sweetened condensed and evaporated milk imports skyrocketed to $X in 2022. Overall, imports continue to indicate modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to Germany, with a 70% share of total imports. Moreover, sweetened condensed and evaporated milk imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.7% per year) and France (+45.3% per year).

In value terms, the largest sweetened condensed and evaporated milk suppliers to Germany were the Netherlands ($X), Belgium ($X) and France ($X), together comprising 97% of total imports.

France, with a CAGR of +40.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $X per ton, reducing by -6.6% against the previous year. Over the period under review, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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