Spain: Skim Milk Market 2024

Skim Milk Market Size in Spain

The Spanish skim milk market shrank to $X in 2021, with a decrease of -12.2% against the previous year. Overall, consumption saw a pronounced contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Skim Milk Production in Spain

In value terms, skim milk production reduced to $X in 2021 estimated in export price. Overall, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Skim Milk Exports

Exports from Spain

Skim milk exports from Spain fell to X tons in 2021, which is down by -9.3% against the previous year's figure. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 12%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, skim milk exports expanded modestly to $X in 2021. In general, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 20%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X tons), Italy (X tons) and the Dominican Republic (X tons) were the main destinations of skim milk exports from Spain, with a combined 62% share of total exports. These countries were followed by Andorra, Libya, Germany, China, Equatorial Guinea, Hong Kong SAR, Gibraltar, Chile, Peru and France, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +374.4%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for skim milk exports from Spain, comprising 42% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by Andorra, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal totaled -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.3% per year) and Andorra (+0.7% per year).

Export Prices by Country

The average skim milk export price stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 35%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Dominican Republic ($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 Hong Kong SAR (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Milk Imports

Imports into Spain

For the fourth year in a row, Spain recorded decline in purchases abroad of skim milk, which decreased by -30.7% to X tons in 2021. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by 36%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, skim milk imports declined remarkably to $X in 2021. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Portugal (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of skim milk imports to Spain, with a combined 89% share of total imports. Poland, Ireland, Belgium and Germany lagged somewhat behind, together accounting for a further 6.2%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +141.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest skim milk suppliers to Spain were Portugal ($X), France ($X) and Belgium ($X), together accounting for 73% of total imports. These countries were followed by Ireland, Germany, the Netherlands and Poland, which together accounted for a further 16%.

Among the main suppliers, Ireland, with a CAGR of +135.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average skim milk import price stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 49% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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