Report Update: May 1, 2024

Greece - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Unsweetened Condensed and Evaporated Milk in Greece - 2023

Price for Unsweetened Condensed and Evaporated Milk in Greece (CIF) - 2023

In June 2023, the average import price for condensed or evaporated milk (unsweetened) amounted to $1,102 per ton, with an increase of 2% against the previous month. Over the period under review, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in November 2022 an increase of 2.9% against the previous month. The import price peaked at $1,491 per ton in August 2022; however, from September 2022 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Romania ($1,536 per ton), while the price for France ($850 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 the Netherlands (-1.2%), while the prices for the other major suppliers experienced a decline.

Price for Unsweetened Condensed and Evaporated Milk in Greece (FOB) - 2023

In June 2023, the average export price for condensed or evaporated milk (unsweetened) amounted to $3,387 per ton, shrinking by -17.4% against the previous month. In general, export price indicated pronounced growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, unsweetened condensed and evaporated milk export price decreased by -17.4% against May 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 33% month-to-month. As a result, the export price reached the peak level of $4,451 per ton. From March 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In June 2023, the country with the highest price was Cyprus ($3,405 per ton), while the average price for exports to Albania stood at $2,841 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsweetened Condensed and Evaporated Milk in Greece

In 2022, after three years of growth, there was decline in purchases abroad of condensed or evaporated milk (unsweetened), when their volume decreased by -1.2% to 139K tons. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year.

In value terms, unsweetened condensed and evaporated milk imports soared to $203M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 24%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Unsweetened Condensed and Evaporated Milk in Greece (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	58.9	79.2	81.3	101	19.7%
Netherlands	30.5	36.0	40.4	60.0	25.3%
Belgium	5.9	4.7	17.7	18.7	46.9%
France	6.6	6.9	12.1	9.5	12.9%
Romania	7.0	9.3	8.2	7.5	2.3%
Poland	3.7	3.3	2.1	2.3	-14.7%
Others	3.8	5.1	4.9	4.5	5.8%
Total	117	145	167	203	20.2%

Top Suppliers of Unsweetened Condensed and Evaporated Milk to Greece in 2022:

Germany (71.6K tons)
Netherlands (35.6K tons)
Belgium (14.6K tons)
France (7.9K tons)
Romania (4.6K tons)
Poland (1.6K tons)

Exports of Unsweetened Condensed and Evaporated Milk in Greece

Unsweetened condensed and evaporated milk exports from Greece skyrocketed to 2.7K tons in 2022, rising by 55% compared with the previous year's figure. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk exports surged to $5.3M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 41%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Unsweetened Condensed and Evaporated Milk in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	2.9	437	40.6	2,611	865.6%
Cyprus	2,227	2,516	680	2,310	1.2%
Bulgaria	41.5	666	262	196	67.8%
Albania	118	126	3,050	117	-0.3%
Libya	278	N/A	N/A	N/A	0%
Others	96.3	156	40.9	110	4.5%
Total	2,764	3,901	4,074	5,343	24.6%

Top Export Markets for Unsweetened Condensed and Evaporated Milk from Greece in 2022:

Romania (1635.7 tons)
Cyprus (806.4 tons)
Bulgaria (121.1 tons)
Albania (58.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Greece. 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 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated

Country coverage:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023