Italy: Skim Milk Market 2024

Skim Milk Market Size in Italy

In 2021, after three years of growth, there was significant decline in the Italian skim milk market, when its value decreased by -10.5% to $X. Over the period under review, consumption saw a pronounced contraction. Skim milk consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Skim Milk Production in Italy

In value terms, skim milk production fell to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 23% against the previous year. Skim milk production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Skim Milk Exports

Exports from Italy

In 2021, shipments abroad of skim milk was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 111% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, skim milk exports soared to $X in 2021. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 62% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Libya (X tons), Malta (X tons) and Albania (X tons) were the main destinations of skim milk exports from Italy, with a combined 70% share of total exports. China, Hong Kong SAR, Greece, Germany, France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +81.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malta ($X), Libya ($X) and Albania ($X) constituted the largest markets for skim milk exported from Italy worldwide, with a combined 64% share of total exports. These countries were followed by China, Hong Kong SAR, Greece, France, Germany and Taiwan (Chinese), which together accounted for a further 19%.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +34.3%, saw the highest growth rate of the value of exports, 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, picking up by 20% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, skim milk export price increased by +70.4% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 24%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hong Kong SAR ($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 France (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Milk Imports

Imports into Italy

In 2021, supplies from abroad of skim milk decreased by -39.6% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 11% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, skim milk imports fell rapidly to $X in 2021. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 45%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of skim milk imports to Italy, together accounting for 92% of total imports. These countries were followed by Slovakia, Croatia and Hungary, which together accounted for a further 3.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +220.1%), while imports for the other leaders experienced a decline.

In value terms, the largest skim milk suppliers to Italy were France ($X), Austria ($X) and Germany ($X), together accounting for 91% of total imports. Croatia, Slovakia and Hungary lagged somewhat behind, together comprising a further 4.7%.

In terms of the main suppliers, Croatia, with a CAGR of +205.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average skim milk import price amounted to $X per ton, growing by 23% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 31% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :