Spain - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in Spain - 2023
Contents:
- Price for Sweetened Condensed and Evaporated Milk in Spain (FOB) - 2023
- Price for Sweetened Condensed and Evaporated Milk in Spain (CIF) - 2023
- Exports of Sweetened Condensed and Evaporated Milk in Spain
- Imports of Sweetened Condensed and Evaporated Milk in Spain
Price for Sweetened Condensed and Evaporated Milk in Spain (FOB) - 2023
In June 2023, the average export price for condensed or evaporated milk (sweetened) amounted to $3,283 per ton, approximately equating the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.3%. The most prominent rate of growth was recorded in January 2023 an increase of 14% month-to-month. Over the period under review, the average export prices hit record highs at $3,314 per ton in May 2023, and then declined modestly in the following month.
Average prices varied somewhat for the major foreign markets. In June 2023, the highest price was recorded for prices to the Netherlands ($4,307 per ton) and Germany ($4,062 per ton), while the average price for exports to Taiwan (Chinese) ($2,938 per ton) and France ($2,966 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sweetened Condensed and Evaporated Milk in Spain (CIF) - 2023
In June 2023, the average import price for condensed or evaporated milk (sweetened) amounted to $3,130 per ton, approximately mirroring the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in October 2022 an increase of 29% m-o-m. The import price peaked at $3,475 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($4,150 per ton), while the price for Germany ($2,308 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sweetened Condensed and Evaporated Milk in Spain
In 2022, overseas shipments of condensed or evaporated milk (sweetened) decreased by -22.8% to 30K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2020 when exports increased by 10%. As a result, the exports attained the peak of 40K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sweetened condensed and evaporated milk exports reduced to $72M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 13%.
| Export of Sweetened Condensed and Evaporated Milk in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.0 | 9.9 | 10.2 | 11.6 | 13.2% |
| Australia | N/A | 4.4 | 8.6 | 10.0 | 50.8% |
| Saudi Arabia | 15.4 | 14.8 | 16.0 | 9.0 | -16.4% |
| Portugal | 5.4 | 6.1 | 7.0 | 8.8 | 17.7% |
| Italy | 4.8 | 5.3 | 5.0 | 4.7 | -0.7% |
| United Kingdom | 9.5 | 8.2 | 4.1 | 4.3 | -23.2% |
| Kuwait | 2.9 | 2.4 | 3.4 | 2.1 | -10.2% |
| Germany | 1.6 | 1.7 | 2.7 | 2.0 | 7.7% |
| New Zealand | 0.2 | 1.6 | 2.5 | 2.0 | 115.4% |
| Netherlands | 1.6 | 1.8 | 2.2 | 1.9 | 5.9% |
| United Arab Emirates | 4.8 | 4.6 | 1.9 | 1.8 | -27.9% |
| Taiwan (Chinese) | 0.9 | 1.8 | 1.4 | 1.4 | 15.9% |
| Afghanistan | 0.4 | 1.0 | 1.1 | 1.1 | 40.1% |
| Others | 13.0 | 13.4 | 17.7 | 11.8 | -3.2% |
| Total | 68.5 | 77.1 | 83.5 | 72.4 | 1.9% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from Spain in 2022:
- France (4.9K tons)
- Australia (4.5K tons)
- Saudi Arabia (3.8K tons)
- Portugal (3.4K tons)
- Italy (1.8K tons)
- United Kingdom (1.8K tons)
- New Zealand (0.9K tons)
- Kuwait (0.9K tons)
- United Arab Emirates (0.8K tons)
- Germany (0.7K tons)
- Afghanistan (0.6K tons)
- Taiwan (Chinese) (0.6K tons)
- Netherlands (0.6K tons)
Imports of Sweetened Condensed and Evaporated Milk in Spain
In 2022, the amount of condensed or evaporated milk (sweetened) imported into Spain rose sharply to 15K tons, increasing by 5.6% against 2021 figures. In general, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, sweetened condensed and evaporated milk imports soared to $38M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.6% 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 +58.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sweetened Condensed and Evaporated Milk in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 7.5 | 8.1 | 10.0 | 11.4 | 15.0% |
| Belgium | 8.3 | 5.8 | 4.8 | 11.2 | 10.5% |
| Germany | 7.7 | 6.0 | 6.6 | 5.9 | -8.5% |
| Netherlands | 2.9 | 1.9 | 4.0 | 4.6 | 16.6% |
| France | 2.6 | 0.9 | 1.5 | 3.6 | 11.5% |
| Italy | 0.3 | 0.1 | 0.2 | 0.5 | 18.6% |
| Portugal | 0.5 | N/A | 1.8 | 0.5 | 0.0% |
| Lithuania | 1.0 | 0.9 | 0.5 | 0.1 | -53.6% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 31.2 | 23.8 | 29.5 | 37.7 | 6.5% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to Spain in 2022:
- Lithuania (undefinedK tons)
- Denmark (3.8K tons)
- Germany (3.1K tons)
- Belgium (2.6K tons)
- Netherlands (2.2K tons)
- France (2.2K tons)
- Portugal (0.8K tons)
- Italy (0.3K tons)
This report provides an in-depth analysis of the market for sweetened condensed and evaporated 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 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
- 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 VOLUME AND VALUE
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
- 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
- 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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