Spain - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Evaporated and Condensed Milk in Spain - 2023
Contents:
- Price for Evaporated and Condensed Milk in Spain (FOB) - 2023
- Price for Evaporated and Condensed Milk in Spain (CIF) - 2022
- Exports of Evaporated and Condensed Milk in Spain
- Imports of Evaporated and Condensed Milk in Spain
Price for Evaporated and Condensed Milk in Spain (FOB) - 2023
In July 2023, the average evaporated and condensed milk export price amounted to $3,116 per ton, falling by -3.3% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in January 2023 an increase of 13% month-to-month. Over the period under review, the average export prices hit record highs at $3,236 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In July 2023, the countries with the highest prices were Libya ($4,112 per ton) and Portugal ($3,855 per ton), while the average price for exports to Australia ($2,771 per ton) and France ($2,800 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Evaporated and Condensed Milk in Spain (CIF) - 2022
The average evaporated and condensed milk import price stood at $2,427 per ton in 2022, surging by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($4,155 per ton), while the price for Portugal ($583 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Evaporated and Condensed Milk in Spain
In 2022, overseas shipments of evaporated and condensed milk decreased by -18.5% to 35K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a pronounced decline. The pace of growth was the most pronounced in 2020 when exports increased by 9.9% against the previous year. As a result, the exports reached the peak of 43K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, evaporated and condensed milk exports shrank to $84M in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year.
| Export of Evaporated and Condensed Milk in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 13.6 | 15.2 | 16.3 | 17.2 | 8.1% |
| Australia | N/A | 4.6 | 8.5 | 10.8 | 53.2% |
| Saudi Arabia | 15.4 | 15.1 | 15.8 | 10.1 | -13.1% |
| Portugal | 5.6 | 6.5 | 7.2 | 9.0 | 17.1% |
| Italy | 4.8 | 5.3 | 5.1 | 4.7 | -0.7% |
| United Kingdom | 9.5 | 8.3 | 4.0 | 4.5 | -22.0% |
| Kuwait | 2.9 | 2.5 | 3.4 | 2.3 | -7.4% |
| United Arab Emirates | 4.9 | 2.9 | 1.6 | 2.1 | -24.6% |
| Germany | 1.6 | 1.7 | 2.7 | 2.0 | 7.7% |
| New Zealand | 0.2 | 1.7 | 2.4 | 2.0 | 115.4% |
| Taiwan (Chinese) | 0.9 | 1.9 | 1.3 | 1.5 | 18.6% |
| Afghanistan | 0.4 | 1.0 | 1.1 | 1.4 | 51.8% |
| Dominican Republic | N/A | 0.4 | 1.3 | 0.9 | 50.0% |
| Others | 14.9 | 16.1 | 21.1 | 15.1 | 0.4% |
| Total | 74.7 | 83.2 | 92.0 | 83.7 | 3.9% |
Top Export Markets for Evaporated and Condensed Milk from Spain in 2022:
- France (6.6K tons)
- Australia (4.9K tons)
- Saudi Arabia (4.3K tons)
- Portugal (3.5K tons)
- United Kingdom (1.9K tons)
- Italy (1.8K tons)
- Kuwait (1.1K tons)
- United Arab Emirates (0.9K tons)
- New Zealand (0.9K tons)
- Afghanistan (0.7K tons)
- Germany (0.7K tons)
- Taiwan (Chinese) (0.6K tons)
- Dominican Republic (0.6K tons)
Imports of Evaporated and Condensed Milk in Spain
In 2022, approx. 18K tons of evaporated and condensed milk were imported into Spain; increasing by 12% compared with the year before. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, evaporated and condensed milk imports soared to $43M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Evaporated and Condensed Milk in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 8.3 | 5.8 | 5.1 | 11.7 | 12.1% |
| Denmark | 7.5 | 8.1 | 10.0 | 11.3 | 14.6% |
| Germany | 10.4 | 8.3 | 8.0 | 8.4 | -6.9% |
| Netherlands | 3.4 | 2.7 | 4.8 | 5.9 | 20.2% |
| France | 2.7 | 1.0 | 1.6 | 3.7 | 11.1% |
| Italy | 0.3 | 0.1 | 0.2 | 0.8 | 38.7% |
| Portugal | 0.5 | N/A | 1.9 | 0.5 | 0.0% |
| Lithuania | 1.2 | 1.0 | 0.6 | 0.1 | -56.3% |
| Others | 0.4 | 0.4 | 0.1 | 0.5 | 7.7% |
| Total | 34.7 | 27.5 | 32.2 | 42.9 | 7.3% |
Top Suppliers of Evaporated and Condensed Milk to Spain in 2022:
- Lithuania (undefinedK tons)
- Germany (4.4K tons)
- Denmark (3.8K tons)
- Netherlands (2.8K tons)
- Belgium (2.8K tons)
- France (2.2K tons)
- Portugal (0.8K tons)
- Italy (0.4K tons)
This report provides an in-depth analysis of the market for evaporated and condensed milk in Spain. 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 2030.
Product coverage:
- FCL 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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