Report Update Nov 1, 2024

Ireland - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Irish market for condensed or evaporated milk (sweetened) was estimated at $X in 2022, stabilizing at the previous year. In general, consumption posted a significant increase. As a result, consumption attained 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 Ireland

In value terms, sweetened condensed and evaporated milk production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 387%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Ireland

In 2022, shipments abroad of condensed or evaporated milk (sweetened) decreased by 0% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 184%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports totaled $X in 2022. Over the period under review, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2019 when exports increased by 353%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for sweetened condensed and evaporated milk exports from Ireland, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +4.3%.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +10.8%.

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, remaining stable against the previous year. In general, the export price posted prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 77%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +38.8% per year.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Ireland

In 2022, imports of condensed or evaporated milk (sweetened) into Ireland totaled X tons, approximately equating the year before. Overall, imports showed measured growth. The pace of growth appeared the most rapid in 2013 with an increase of 51%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk imports stood at $X in 2022. Over the period under review, imports continue to indicate tangible growth. The growth pace was the most rapid in 2013 with an increase of 109%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest sweetened condensed and evaporated milk supplier to Ireland, with a 74% share of total imports. Moreover, sweetened condensed and evaporated milk imports from the UK exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+28.4% per year) and Germany (+16.8% per year).

In value terms, the largest sweetened condensed and evaporated milk suppliers to Ireland were the UK ($X), Belgium ($X) and Germany ($X), together comprising 88% of total imports. Slovenia, the Netherlands and Poland lagged somewhat behind, together accounting for a further 11%.

Poland, with a CAGR of +30.9%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (sweetened) amounted to $X per ton, remaining constant against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in the world?

The United States remains the largest sweetened condensed and evaporated milk consuming country worldwide, comprising approx. 35% of total volume. Moreover, sweetened condensed and evaporated milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was occupied by the UK, with a 6% share.

What are the largest producers of condensed or evaporated milk (sweetened) in the world?

The United States remains the largest sweetened condensed and evaporated milk producing country worldwide, accounting for 34% of total volume. Moreover, sweetened condensed and evaporated milk production in the United States exceeded the figures recorded by the second-largest producer, Malaysia, threefold. The third position in this ranking was occupied by Saudi Arabia, with a 7.7% share.

What are the leading suppliers of condensed or evaporated milk (sweetened) to Ireland?

In value terms, the UK constituted the largest supplier of sweetened condensed and evaporated milk to Ireland, comprising 42% of total imports. The second position in the ranking was occupied by the Netherlands, with a 20% share of total imports. It was followed by Belgium, with a 16% share.

What are the leading importers of condensed or evaporated milk (sweetened) from Ireland?

In value terms, the largest markets for sweetened condensed and evaporated milk exported from Ireland were the UK and China.

What is the average export price for condensed or evaporated milk (sweetened) in Ireland?

In 2021, the average export price for condensed or evaporated milk sweetened) amounted to $2,155 per ton, increasing by 3.7% against the previous year.

What is the average import price for condensed or evaporated milk (sweetened) in Ireland?

In 2021, the average import price for condensed or evaporated milk sweetened) amounted to $1,622 per ton, surging by 31% against the previous year.

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 889 - Whole Milk, Condensed
FCL 896 - Skim Milk, Condensed

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023