Ireland: Powdered Milk Market 2024

Powdered Milk Market Size in Ireland

In 2022, the Irish powdered milk market decreased by -66% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a deep contraction. Powdered milk consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Powdered Milk Production in Ireland

In value terms, powdered milk production amounted to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 44% against the previous year. Powdered milk production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Powdered Milk Exports

Exports from Ireland

In 2022, the amount of powdered milk exported from Ireland rose markedly to X tons, with an increase of 5.2% on the previous year. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 32%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports surged to $X in 2022. Over the period under review, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 58% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for powdered milk exports from Ireland, with a 30% share of total exports. Moreover, powdered milk exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.6% per year) and the UK (-1.5% per year).

It was followed by the UK, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.6% per year) and the UK (+2.1% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, jumping by 25% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by +52.5% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Italy ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Ireland

After two years of decline, purchases abroad of powdered milk increased by 4.3% to X tons in 2022. Over the period under review, imports showed a pronounced expansion. The pace of growth was the most pronounced in 2014 when imports increased by 90% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, powdered milk imports surged to $X in 2022. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 81%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and Finland (X tons) were the main suppliers of powdered milk imports to Ireland, together accounting for 79% of total imports. Denmark, the Netherlands, the United States and France lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +118.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered milk suppliers to Ireland were Germany ($X), the UK ($X) and Denmark ($X), with a combined 77% share of total imports. Finland, the Netherlands, the United States and France lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, the United States, with a CAGR of +116.1%, recorded the highest rates of growth with regard to the value of imports, 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 powdered milk import price amounted to $X per ton, jumping by 26% against the previous year. In general, the import price continues to indicate a noticeable expansion. 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 Denmark ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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