Slovenia: Powdered Milk Market 2024

Powdered Milk Market Size in Slovenia

In 2022, the Slovene powdered milk market increased by 3% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Powdered milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Powdered Milk Production in Slovenia

In value terms, powdered milk production rose significantly to $X in 2022 estimated in export price. In general, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Powdered milk production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Powdered Milk Exports

Exports from Slovenia

In 2022, powdered milk exports from Slovenia shrank markedly to X tons, falling by -54.9% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 714%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports contracted rapidly to $X in 2022. Overall, exports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2016 when exports increased by 293% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped notably in the following year.

Exports by Country

Serbia (X tons), Bosnia and Herzegovina (X tons) and Poland (X tons) were the main destinations of powdered milk exports from Slovenia, together accounting for 54% of total exports. North Macedonia, Germany, Bulgaria, Montenegro, Croatia and Italy lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +2,657.6%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Serbia ($X) and North Macedonia ($X) constituted the largest markets for powdered milk exported from Slovenia worldwide, together comprising 56% of total exports. Poland, Germany, Bulgaria, Montenegro, Croatia and Italy lagged somewhat behind, together accounting for a further 40%.

Germany, with a CAGR of +765.1%, saw the highest rates of growth with regard to 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

In 2022, the average powdered milk export price amounted to $X per ton, picking up by 24% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by +71.3% against 2016 indices. The growth pace was the most rapid in 2013 when the average export price increased by 48%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Bosnia and Herzegovina ($X per ton) and Italy ($X per ton), while the average price for exports to Poland ($X per ton) and Croatia ($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 Italy (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Slovenia

In 2022, approx. X tons of powdered milk were imported into Slovenia; shrinking by -19.5% against the previous year. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, powdered milk imports fell to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +32.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 51%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of powdered milk to Slovenia, accounting for a 43% share of total imports. Moreover, powdered milk imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by Croatia (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +43.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-2.6% per year) and Croatia (+208.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of powdered milk to Slovenia, comprising 44% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by Italy, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +44.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.6% per year) and Italy (+32.6% per year).

Import Prices by Country

In 2022, the average powdered milk import price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 21%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform