Spain: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Spain

The Spanish market for condensed or evaporated milk (unsweetened) rose sharply to $X in 2021, with an increase of 12% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.8% against 2017 indices. Unsweetened condensed and evaporated milk consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Condensed Or Evaporated Milk (Unsweetened) in Spain

In value terms, unsweetened condensed and evaporated milk production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. Unsweetened condensed and evaporated milk production peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Spain

In 2021, shipments abroad of condensed or evaporated milk (unsweetened) increased by 22% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 32%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 80%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Spain, with a 63% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to France exceeded the volume sent to the second major destination, the Dominican Republic (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+215.8% per year) and the United Arab Emirates (+113.7% per year).

In value terms, France ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Spain, comprising 71% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 15% share of total exports. It was followed by Portugal, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+183.8% per year) and Portugal (-0.1% per year).

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, increasing by 15% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 37%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Dominican Republic ($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 Italy (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Spain

In 2021, approx. X tons of condensed or evaporated milk (unsweetened) were imported into Spain; with a decrease of -24.3% compared with 2020 figures. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2018 when imports increased by 39% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports dropped rapidly to $X in 2021. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 14%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of unsweetened condensed and evaporated milk to Spain, accounting for a 59% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-11.8% per year) and Belgium (+10.6% per year).

In value terms, Germany ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Spain, comprising 60% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.4% per year) and Belgium (+16.9% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, dropping by -2.4% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsweetened condensed and evaporated milk import price decreased by -2.9% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average 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 ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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