Italy: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Italy

The Italian market for powdered, condensed or evaporated milk rose notably to $X in 2022, increasing by X% against the previous year. In general, consumption posted a strong increase. Powdered, condensed or evaporated milk consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Powdered, Condensed Or Evaporated Milk in Italy

In value terms, powdered, condensed or evaporated milk production reached $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Powdered, condensed or evaporated milk production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Italy

In 2022, approx. X tons of powdered, condensed or evaporated milk were exported from Italy; which is down by X% on the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk exports reduced remarkably to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main destinations of powdered, condensed or evaporated milk exports from Italy, together comprising X% of total exports. Greece, Austria, the Netherlands, Belgium, New Zealand, China, Qatar, Malta, Slovenia and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) appeared to be the largest markets for powdered, condensed or evaporated milk exported from Italy worldwide, with a combined X% share of total exports. China, Austria, the Netherlands, New Zealand, Belgium, Greece, Qatar, Slovenia, Malta and Poland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, approximately equating the previous year. Over the period under review, export price indicated a prominent 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, condensed or evaporated milk export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

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

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Italy

In 2022, overseas purchases of powdered, condensed or evaporated milk increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a remarkable 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, powdered, condensed or evaporated milk imports skyrocketed to $X in 2022. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to Italy, with a combined X% share of total imports. Belgium, Poland, Austria and Ireland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, condensed or evaporated milk suppliers to Italy were Germany ($X), France ($X) and the Netherlands ($X), together comprising X% of total imports. Belgium, Poland, Ireland and Austria lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for powdered, condensed or evaporated milk stood at $X per ton in 2022, rising by X% against the previous year. In general, import price indicated mild 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, condensed or evaporated milk import price increased by X% against 2016 indices. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ireland ($X per ton) and Belgium ($X per ton), while the price for Austria ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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