Spain: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Spain

The Spanish whole fresh milk market amounted to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Spain

In value terms, whole fresh milk production amounted to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.0% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 38%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from Spain

Whole fresh milk exports from Spain fell significantly to X tons in 2022, declining by -23.3% compared with the year before. Over the period under review, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 40% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, whole fresh milk exports declined to $X in 2022. Overall, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Portugal (X tons), Italy (X tons) and the Dominican Republic (X tons) were the main destinations of whole fresh milk exports from Spain, with a combined 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +276.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for whole fresh milk exported from Spain were Portugal ($X), Italy ($X) and the Dominican Republic ($X), together comprising 45% of total exports.

Among the main countries of destination, the Dominican Republic, with a CAGR of +282.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2017 when the average export price increased by 24%. As a result, the export price attained the peak level of $X per ton. From 2018 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 Slovakia ($X per ton), while the average price for exports to the Dominican Republic ($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 Portugal (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports into Spain

In 2022, the amount of whole fresh milk imported into Spain fell to X tons, waning by -12.9% on 2021 figures. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 2.9% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, whole fresh milk imports fell to $X in 2022. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 20%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest whole fresh milk supplier to Spain, with a 59% share of total imports. Moreover, whole fresh milk imports from Portugal exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-22.1% per year) and the Netherlands (+38.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of whole fresh milk to Spain, comprising 47% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total imports. It was followed by France, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal totaled -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+41.1% per year) and France (-18.8% per year).

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, growing by 5.4% against the previous year. Overall, import price indicated measured growth 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, whole fresh milk import price increased by +22.8% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 36%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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