Hungary: Skim Milk Market 2024

Skim Milk Market Size in Hungary

In 2021, the Hungarian skim milk market decreased by -3.3% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Skim milk consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Skim Milk Production in Hungary

In value terms, skim milk production reduced to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 71%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Skim Milk Exports

Exports from Hungary

In 2021, skim milk exports from Hungary shrank markedly to X tons, with a decrease of -31.4% on 2020. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 66% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, skim milk exports shrank remarkably to $X in 2021. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 76%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of skim milk exports from Hungary, with a combined 72% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +392.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for skim milk exported from Hungary were Italy ($X), Romania ($X) and Germany ($X), together comprising 77% of total exports. The Netherlands, Poland, Croatia, the Czech Republic and Slovakia lagged somewhat behind, together comprising a further 23%.

The Netherlands, with a CAGR of +310.1%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average skim milk export price amounted to $X per ton, falling by -9.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 104%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Milk Imports

Imports into Hungary

In 2021, purchases abroad of skim milk decreased by -23.8% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 92%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, skim milk imports shrank modestly to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 60%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of skim milk to Hungary, with a 64% share of total imports. Moreover, skim milk imports from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia stood at -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-27.8% per year) and Germany (-19.6% per year).

In value terms, Slovakia ($X) constituted the largest supplier of skim milk to Hungary, comprising 85% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.4% share of total imports. It was followed by Poland, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-26.3% per year) and Poland (-31.1% per year).

Import Prices by Country

In 2021, the average skim milk import price amounted to $X per ton, jumping by 29% against the previous year. Overall, the import price showed a moderate increase. The growth pace was the most rapid in 2018 when the average import price increased by 56%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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