Report Update: May 1, 2024

Estonia - Skim Powdered Milk - Market Analysis, Forecast, Size, Trends And Insights

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Skim Powdered Milk Price in Estonia - 2023

Skim Powdered Milk Price in Estonia (FOB) - 2023

The average skim powdered milk export price stood at $2,665 per ton in September 2023, shrinking by -5.8% against the previous month. In general, the export price showed a mild curtailment. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 9.2% month-to-month. As a result, the export price attained the peak level of $3,624 per ton. From November 2022 to September 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In September 2023, the highest price was recorded for prices to Poland ($2,712 per ton) and Latvia ($2,604 per ton), while the average price for exports to Bulgaria ($2,452 per ton) and Lithuania ($2,546 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-0.8%), while the prices for the other major destinations experienced a decline.

Skim Powdered Milk Price in Estonia (CIF) - 2023

The average skim powdered milk import price stood at $1,783 per ton in September 2023, jumping by 19% against the previous month. Overall, the import price continues to indicate a measured expansion. The pace of growth appeared the most rapid in August 2023 an increase of 136% m-o-m. Over the period under review, average import prices reached the peak figure in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Finland ($5,683 per ton), while the price for Denmark ($531 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Skim Powdered Milk Exports in Estonia

In 2022, shipments abroad of skim powdered milk decreased by -2.8% to 5.1K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 5.3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, skim powdered milk exports soared to $18M 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 +26.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 41%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Skim Powdered Milk in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	0.7	1.2	6.9	11.9	157.1%
Bulgaria	3.8	4.3	4.9	3.8	0.0%
Romania	N/A	N/A	0.4	0.7	75.0%
Latvia	0.6	0.5	0.4	0.5	-5.9%
Serbia	0.3	0.7	N/A	0.4	10.1%
Finland	N/A	N/A	N/A	0.1	0%
Kazakhstan	N/A	0.8	0.3	N/A	-62.5%
Japan	0.8	0.5	N/A	N/A	-37.5%
Germany	1.2	1.3	0.5	N/A	-35.5%
France	0.3	2.0	0.5	N/A	29.1%
Others	1.2	1.0	1.2	0.1	-56.3%
Total	8.8	12.5	15.2	17.7	26.2%

Top Export Markets for Skim Powdered Milk from Estonia in 2022:

Poland (3513.5 tons)
Bulgaria (1023.0 tons)
Romania (199.0 tons)
Latvia (136.1 tons)
Serbia (105.0 tons)
Finland (92.0 tons)

Skim Powdered Milk Imports in Estonia

In 2022, overseas purchases of skim powdered milk decreased by -11.3% to 6.2K tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 146% against the previous year. As a result, imports reached the peak of 7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, skim powdered milk imports fell to $5.7M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 68%.

Import of Skim Powdered Milk in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	2,091	3,383	3,439	2,514	6.3%
Latvia	10.1	286	741	1,020	365.7%
Lithuania	409	339	509	889	29.5%
France	520	820	1,194	758	13.4%
Poland	129	700	82.1	221	19.7%
Netherlands	N/A	16.2	N/A	178	231.5%
Others	294	269	179	169	-16.9%
Total	3,453	5,813	6,144	5,749	18.5%

Top Suppliers of Skim Powdered Milk to Estonia in 2022:

Denmark (5198.3 tons)
Latvia (325.5 tons)
Lithuania (271.7 tons)
Netherlands (144.7 tons)
France (112.4 tons)
Poland (57.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the skim powdered milk market in Estonia. 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 898 - Dry Skim Cow Milk

Country coverage:

Estonia

Data coverage:

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