Ireland: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Ireland

The Irish market for powdered, evaporated and condensed milk shrank to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a strong increase. Powdered, evaporated and condensed milk consumption peaked at $X in 2021, and then fell in the following year.

Production of Powdered, Evaporated And Condensed Milk in Ireland

In value terms, powdered, evaporated and condensed milk production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Ireland

In 2022, the amount of powdered, evaporated and condensed milk exported from Ireland expanded notably to X tons, with an increase of X% against the year before. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk exports soared to $X in 2022. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for powdered, evaporated and condensed milk exports from Ireland, with a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by the UK (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for powdered, evaporated and condensed milk exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

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

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk export price increased by X% against 2017 indices. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major export 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Ireland

In 2022, the amount of powdered, evaporated and condensed milk imported into Ireland rose significantly to X tons, picking up by X% on 2021 figures. In general, imports recorded a measured expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports surged to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached 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 the Netherlands (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Ireland, together comprising X% of total imports. Finland, Denmark, France and the United States lagged somewhat behind, together accounting for a further X%.

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 X%), while imports for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, the United States, with a CAGR of X%, 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 import price for powdered, evaporated and condensed milk amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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