World - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
UK Yoghurt Imports Spike While Most Other Countries Reduce Purchases
IndexBox has just published a new report: 'World - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The global yoghurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yoghurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yoghurt imports. In 2020, France, Germany and Belgium were the prime yoghurt suppliers to the UK, providing 80% of the total import volume.
Yoghurt Imports by Country
In 2020, the amount of yoghurt imported worldwide dropped to 1.5M tonnes, with a decrease of -12.1% compared with the previous year's figure. In value terms, yoghurt imports fell by -7.2% y-o-y to $2.4B (IndexBox estimates) in 2020.
In 2020, the UK (261K tonnes), followed by Italy (168K tonnes), the Netherlands (118K tonnes), Spain (116K tonnes), Portugal (110K tonnes), Germany (103K tonnes), Belgium (100K tonnes) and Sweden (77K tonnes) were the key importers of yoghurt, together comprising 68% of total imports. France (49K tonnes), Hungary (34K tonnes), Austria (33K tonnes), Ireland (32K tonnes) and China (28K tonnes) followed a long way behind the leaders.
In value terms, the largest yoghurt importing markets worldwide were the UK ($423M), Italy ($266M) and Spain ($167M), together comprising 35% of global imports. The Netherlands, Portugal, Belgium, Germany, Sweden, France, Ireland, Austria, China and Hungary lagged somewhat behind, together accounting for a further 40%.
In 2020, the average yoghurt import price amounted to $1,587 per tonne, increasing by 5.6% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Ireland ($1,781 per tonne), while Hungary ($1,168 per tonne) was amongst the lowest.
Major Yoghurt Suppliers to the UK
In 2020, the UK attained the most notable rate of growth in terms of purchases, amongst the main importing countries. France (95K tonnes), Germany (59K tonnes) and Belgium (54K tonnes) were the main suppliers of yoghurt imports to the UK, together accounting for 80% of total imports. These countries were followed by Greece, Ireland, Spain and Poland, which together accounted for a further 19%. In 2020, the biggest increases were in supplies from Poland, while purchases from the other leaders experienced more modest paces of growth.
In value terms, the largest yoghurt suppliers to the UK were France ($140M), Germany ($79M) and Greece ($77M), together comprising 70% of total imports.
Source: IndexBox Platform
This report provides an in-depth analysis of the global yoghurt market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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