Switzerland: Powdered Milk Market 2024

Powdered Milk Market Size in Switzerland

The Swiss powdered milk market skyrocketed to $X in 2022, jumping by 17% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.3% against 2016 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Powdered Milk Production in Switzerland

In value terms, powdered milk production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Powdered milk production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Powdered Milk Exports

Exports from Switzerland

In 2022, approx. X tons of powdered milk were exported from Switzerland; waning by -44.9% on 2021 figures. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 110%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered milk exports contracted significantly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 84%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for powdered milk exports from Switzerland, accounting for a 88% share of total exports. Moreover, powdered milk exports to China exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-7.3% per year) and Algeria (-22.5% per year).

In value terms, China ($X) remains the key foreign market for powdered milk exports from Switzerland, comprising 86% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-3.6% per year) and Algeria (-17.7% per year).

Export Prices by Country

The average powdered milk export price stood at $X per ton in 2022, jumping by 25% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +81.2% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 49%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to China ($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 Turkey (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Switzerland

In 2022, the amount of powdered milk imported into Switzerland amounted to X tons, picking up by 7.5% compared with the previous year. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 83% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered milk imports skyrocketed to $X in 2022. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of powdered milk imports to Switzerland, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +79.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered milk suppliers to Switzerland were France ($X), Germany ($X) and the Netherlands ($X), with a combined 81% share of total imports. The United States, Austria and the UK lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, the United States, with a CAGR of +54.0%, 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 more modest paces of growth.

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, surging by 37% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. 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 Austria ($X per ton), while the price for the United States ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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