Report Update Nov 1, 2024

Portugal - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Skim Milk Market 2024

Skim Milk Market Size in Portugal

The Portuguese skim milk market shrank to $X in 2021, which is down by -6.3% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Skim Milk Production in Portugal

In value terms, skim milk production dropped to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Skim Milk Exports

Exports from Portugal

In 2021, after three years of decline, there was significant growth in shipments abroad of skim milk, when their volume increased by 146% to X tons. Over the period under review, exports, however, continue to indicate a deep downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, skim milk exports surged to $X in 2021. Overall, exports, however, faced a abrupt contraction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for skim milk exports from Portugal, accounting for a 85% share of total exports. Moreover, skim milk exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold. Cabo Verde (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-20.5% per year) and Cabo Verde (-15.1% per year).

In value terms, Spain ($X) remains the key foreign market for skim milk exports from Portugal, comprising 79% of total exports. The second position in the ranking was held by Angola ($X), with an 8.4% share of total exports. It was followed by Cabo Verde, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-19.8% per year) and Cabo Verde (-18.2% per year).

Export Prices by Country

The average skim milk export price stood at $X per ton in 2021, waning by -12.5% against the previous year. In general, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($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 Angola (+0.9%), while the prices for the other major destinations experienced a decline.

Skim Milk Imports

Imports into Portugal

For the third consecutive year, Portugal recorded decline in purchases abroad of skim milk, which decreased by -10.8% to X tons in 2021. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 5% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, skim milk imports rose rapidly to $X in 2021. Overall, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 11%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) was the main skim milk supplier to Portugal, accounting for a 97% share of total imports. It was followed by France (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-23.5% per year) and Germany (-31.8% per year).

In value terms, Spain ($X) constituted the largest supplier of skim milk to Portugal, comprising 97% of total imports. The second position in the ranking was held by France ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-23.4% per year) and Germany (-10.9% per year).

Import Prices by Country

In 2021, the average skim milk import price amounted to $X per ton, rising by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for skim milk in the world?

The countries with the highest volumes of skim milk consumption in 2021 were the United States, Germany and France, with a combined 29% share of global consumption. These countries were followed by New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Belgium and Canada, which together accounted for a further 36%.

What are the largest producers of skim milk in the world?

The countries with the highest volumes of skim milk production in 2021 were the United States, Germany and France, with a combined 29% share of global production. These countries were followed by New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Canada and the UK, which together accounted for a further 36%.

What are the leading suppliers of skim milk to Portugal?

In value terms, Spain constituted the largest supplier of skim milk to Portugal, comprising 97% of total imports. The second position in the ranking was occupied by France, with a 1.7% share of total imports.

What are the leading importers of skim milk from Portugal?

In value terms, Spain remains the key foreign market for skim milk exports from Portugal, comprising 75% of total exports. The second position in the ranking was occupied by Angola, with a 9.9% share of total exports. It was followed by Cabo Verde, with a 5.4% share.

What is the average export price for skim milk in Portugal?

The average skim milk export price stood at $550 per ton in 2021, which is down by -11.3% against the previous year.

What is the average import price for skim milk in Portugal?

The average skim milk import price stood at $800 per ton in 2021, growing by 14% against the previous year.

This report provides an in-depth analysis of the skim milk market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 888 - Skim Milk of Cows

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023