Ireland: Milk Market 2024

Milk Market Size in Ireland

The Irish milk market totaled $X in 2022, stabilizing at the previous year. Overall, the total consumption indicated measured growth 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, consumption increased by X% against 2019 indices. Milk consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Milk Production in Ireland

In value terms, milk production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion 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, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Milk Exports

Exports from Ireland

In 2022, the amount of milk exported from Ireland surged to X tons, with an increase of X% on the year before. Over the period under review, exports posted a noticeable expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, milk exports skyrocketed to $X in 2022. Overall, exports showed a pronounced increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X tons) was the main destination for milk exports from Ireland, with a X% share of total exports. It was followed by the Netherlands (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%.

In value terms, the UK ($X) remains the key foreign market for milk exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%.

Export Prices by Country

In 2022, the average milk export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a moderate increase 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, milk export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%).

Milk Imports

Imports into Ireland

In 2022, purchases abroad of milk was finally on the rise to reach X tons after three years of decline. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume 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 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, milk imports soared to $X in 2022. In general, total imports indicated prominent growth 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) was the main supplier of milk to Ireland, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at X%.

In value terms, the UK ($X) constituted the largest supplier of milk to Ireland.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at X%.

Import Prices by Country

The average milk import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a mild 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, milk import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, 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 UK amounted to X% per year.

Source: IndexBox Platform

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