Slovenia: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Slovenia

The Slovene evaporated and condensed milk market expanded sharply to $X in 2022, increasing by 9.9% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Evaporated And Condensed Milk in Slovenia

In value terms, evaporated and condensed milk production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in the immediate term.

Exports of Evaporated And Condensed Milk

Exports from Slovenia

In 2022, shipments abroad of evaporated and condensed milk was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 508,877% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, evaporated and condensed milk exports soared to $X in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2014 when exports increased by 433,663% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for evaporated and condensed milk exports from Slovenia, accounting for a 61% share of total exports. Moreover, evaporated and condensed milk exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +111.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+167.5% per year) and Italy (+114.5% per year).

In value terms, Germany ($X) emerged as the key foreign market for evaporated and condensed milk exports from Slovenia, comprising 58% of total exports. The second position in the ranking was held by Austria ($X), with a 22% share of total exports. It was followed by Italy, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +107.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+166.6% per year) and Italy (+94.8% per year).

Export Prices by Country

In 2022, the average evaporated and condensed milk export price amounted to $X per ton, with a decrease of -25.9% against the previous year. In general, the export price showed a perceptible downturn. The pace of growth was the most pronounced in 2015 an increase of 92%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Germany ($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 Croatia (+13.8%), while the prices for the other major destinations experienced a decline.

Imports of Evaporated And Condensed Milk

Imports into Slovenia

In 2022, the amount of evaporated and condensed milk imported into Slovenia declined to X tons, waning by -3.5% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk imports expanded modestly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main supplier of evaporated and condensed milk to Slovenia, accounting for a 91% share of total imports. It was followed by Italy (X tons), with a 2.1% share of total imports. The third position in this ranking was held by Belgium (X tons), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+39.7% per year) and Belgium (+34.7% per year).

In value terms, Germany ($X) constituted the largest supplier of evaporated and condensed milk to Slovenia, comprising 80% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by Austria, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+45.8% per year) and Austria (-8.3% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, rising by 8.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood 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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform