Slovenia: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Slovenia

For the fifth consecutive year, the Slovene buttermilk and buttermilk powder market recorded decline in sales value, which decreased by -7.2% to $X in 2022. Over the period under review, consumption showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 3% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in Slovenia

In value terms, buttermilk and buttermilk powder production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 103% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Buttermilk And Buttermilk Powder

Exports from Slovenia

In 2022, approx. X tons of buttermilk and buttermilk powder were exported from Slovenia; rising by 13% against the previous year. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 85%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, buttermilk and buttermilk powder exports soared to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 60%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for buttermilk and buttermilk powder exports from Slovenia, accounting for a 45% share of total exports. Moreover, buttermilk and buttermilk powder exports to Italy exceeded the volume sent to the second major destination, Croatia (X tons), threefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +69.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+28.8% per year) and Bosnia and Herzegovina (-11.0% per year).

In value terms, the largest markets for buttermilk and buttermilk powder exported from Slovenia were Italy ($X), Croatia ($X) and Bosnia and Herzegovina ($X), together accounting for 70% of total exports. Germany, North Macedonia, France, Spain and Serbia lagged somewhat behind, together comprising a further 23%.

Germany, with a CAGR of +82.8%, recorded the highest growth rate of the value of exports, among 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 buttermilk and buttermilk powder export price stood at $X per ton in 2022, surging by 8.5% against the previous year. Overall, the export price, however, continues to indicate a slight decline. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Bosnia and Herzegovina ($X per ton), while the average price for exports to Italy ($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 North Macedonia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Slovenia

Buttermilk and buttermilk powder imports into Slovenia was estimated at X tons in 2022, growing by 12% on the year before. Overall, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2020 when imports increased by 15%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder imports rose rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 17%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Croatia (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of buttermilk and buttermilk powder imports to Slovenia, with a combined 83% share of total imports. Poland, Italy and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of +116.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Austria ($X) and Germany ($X) were the largest buttermilk and buttermilk powder suppliers to Slovenia, with a combined 83% share of total imports. Poland, Italy and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Bosnia and Herzegovina, with a CAGR of +126.1%, recorded the highest rates of growth with regard to 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 buttermilk and buttermilk powder import price stood at $X per ton in 2022, flattening at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Austria ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform