Portugal: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Portugal

For the third year in a row, the Portuguese market for powdered, condensed or evaporated milk recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted a moderate increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Powdered, Condensed Or Evaporated Milk in Portugal

In value terms, powdered, condensed or evaporated milk production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Portugal

After three years of growth, overseas shipments of powdered, condensed or evaporated milk decreased by X% to X tons in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, powdered, condensed or evaporated milk exports contracted remarkably to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Angola (X tons) were the main destinations of powdered, condensed or evaporated milk exports from Portugal, with a combined X% share of total exports. France, Germany, Italy, Austria, Belgium and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and France ($X) constituted the largest markets for powdered, condensed or evaporated milk exported from Portugal worldwide, with a combined X% share of total exports. Germany, Angola, Austria, Italy, Belgium and Poland lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Austria ($X per ton), while the average price for exports to Spain ($X per ton) and Poland ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Portugal

In 2022, purchases abroad 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. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk imports surged to $X in 2022. In general, total imports indicated a temperate 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, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest powdered, condensed or evaporated milk supplier to Portugal, accounting for a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Spain ($X), the Netherlands ($X) and Germany ($X) were the largest powdered, condensed or evaporated milk suppliers to Portugal, with a combined X% share of total imports. France, Ireland, Denmark and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Ireland, with a CAGR of X%, saw the highest growth rate of 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

The average import price for powdered, condensed or evaporated milk stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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