Global Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size

The global whole fresh milk market totaled $X in 2022, with an increase of 2% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9.8%. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market failed to regain momentum.

Whole Fresh Milk Production

In value terms, whole fresh milk production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 14%. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth remained at a lower figure.

India (X tons) remains the largest whole fresh milk producing country worldwide, comprising approx. 23% of total volume. Moreover, whole fresh milk production in India exceeded the figures recorded by the second-largest producer, the United States (X tons), twofold. Pakistan (X tons) ranked third in terms of total production with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume in India totaled +4.7%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+1.1% per year) and Pakistan (+4.5% per year).

Whole Fresh Milk Exports

Exports

In 2022, approx. X tons of whole fresh milk were exported worldwide; waning by -1.6% against the previous year. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 8.1% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, whole fresh milk exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 19%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The shipments of the five major exporters of whole fresh milk, namely Germany, Belgium, the Czech Republic, the UK and Poland, represented more than third of total export. It was distantly followed by France (X tons), making up a 4.7% share of total exports. Austria (X tons), Latvia (X tons), New Zealand (X tons), the Netherlands (X tons), Australia (X tons), Slovenia (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +14.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 29% share of global exports. Poland, New Zealand, the UK, Austria, France, the Netherlands, Latvia, Australia, Slovenia and Hungary lagged somewhat behind, together comprising a further 45%.

New Zealand, with a CAGR of +17.1%, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 when the average export price increased by 18%. The global export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+3.5%), while the other global leaders experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports

In 2022, global whole fresh milk imports expanded modestly to X tons, growing by 2.9% against the year before. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 8.1%. Over the period under review, global imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, whole fresh milk imports surged to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 21%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany represented the largest importing country with an import of about X tons, which recorded 25% of total imports. It was distantly followed by the Netherlands (X tons), Italy (X tons), China (X tons), Ireland (X tons), Lithuania (X tons) and Belgium (X tons), together creating a 40% share of total imports. The following importers - the UK (X tons), Croatia (X tons), Romania (X tons) and Russia (X tons) - together made up 8.7% of total imports.

Imports into Germany increased at an average annual rate of +4.7% from 2012 to 2022. At the same time, Russia (+33.8%), China (+24.7%), Croatia (+10.5%), the UK (+8.7%), Ireland (+8.1%), the Netherlands (+7.3%), Romania (+5.8%) and Lithuania (+3.9%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the world, with a CAGR of +33.8% from 2012-2022. By contrast, Belgium (-4.0%) and Italy (-9.8%) illustrated a downward trend over the same period. While the share of Germany (+6.4 p.p.), China (+5.5 p.p.), the Netherlands (+4.2 p.p.), Ireland (+2.9 p.p.) and Russia (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Belgium (-4.3 p.p.) and Italy (-15.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported whole fresh milk worldwide, comprising 23% of global imports. The second position in the ranking was held by China ($X), with a 9.3% share of global imports. It was followed by the Netherlands, with an 8.9% share.

In Germany, whole fresh milk imports increased at an average annual rate of +7.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (+24.4% per year) and the Netherlands (+7.9% per year).

Import Prices by Country

The average whole fresh milk import price stood at $X per ton in 2022, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2013 an increase of 18%. Global import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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