Report Update: May 1, 2024

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

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Skim Powdered Milk Price in Italy - 2023

Skim Powdered Milk Price in Italy (CIF) - 2023

The average skim powdered milk import price stood at $3,146 per ton in August 2023, dropping by -3.3% against the previous month. Overall, the import price showed a mild descent. The growth pace was the most rapid in November 2022 an increase of 4.9% month-to-month. The import price peaked at $3,966 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from the Netherlands ($3,349 per ton) and Finland ($3,324 per ton), while the price for Poland ($2,921 per ton) and Ireland ($3,001 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Finland (+0.2%), while the prices for the other major suppliers experienced a decline.

Skim Powdered Milk Price in Italy (FOB) - 2023

In September 2023, the average skim powdered milk export price amounted to $3,888 per ton, increasing by 6.9% against the previous month. Overall, the export price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in December 2022 when the average export price increased by 11% against the previous month. The export price peaked at $5,108 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was China ($13,984 per ton), while the average price for exports to Slovenia ($1,061 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Powdered Milk Imports in Italy

Skim powdered milk imports into Italy reached 89K tons in 2022, picking up by 6.7% against 2021. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, skim powdered milk imports surged to $331M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.2% 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 +77.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Skim Powdered Milk in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	42.4	46.5	59.2	91.2	29.1%
Germany	69.4	66.1	63.1	88.9	8.6%
Netherlands	22.8	32.5	54.4	54.6	33.8%
Belgium	11.0	18.3	31.6	42.6	57.0%
Poland	16.9	10.2	19.5	26.3	15.9%
Ireland	5.4	2.5	4.3	11.4	28.3%
Finland	0.1	0.4	3.5	7.0	312.1%
United Kingdom	9.4	10.7	N/A	0.1	-78.0%
Others	8.7	6.8	9.5	8.9	0.8%
Total	186	194	245	331	21.2%

Top Suppliers of Skim Powdered Milk to Italy in 2022:

United Kingdom (undefinedK tons)
Germany (25.0K tons)
France (24.3K tons)
Netherlands (14.1K tons)
Belgium (11.5K tons)
Poland (6.9K tons)
Ireland (2.8K tons)
Finland (1.8K tons)

Skim Powdered Milk Exports in Italy

In 2022, the amount of skim powdered milk exported from Italy totaled 8.1K tons, growing by 3.7% against the previous year. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, skim powdered milk exports reached $37M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +54.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Export of Skim Powdered Milk in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	5.9	7.2	4.2	6.9	5.4%
Germany	5.0	4.7	7.6	5.6	3.8%
China	1.4	3.2	4.8	5.0	52.9%
Spain	0.7	0.7	3.4	4.3	83.1%
Austria	0.1	1.9	1.6	2.9	207.2%
Belgium	0.1	0.2	1.3	2.7	200.0%
Netherlands	N/A	0.1	0.7	2.4	389.9%
Greece	N/A	0.3	1.1	1.4	116.0%
Luxembourg	0.6	0.4	0.6	0.7	5.3%
Slovenia	N/A	0.2	0.6	0.5	58.1%
Poland	7.2	1.3	3.2	0.4	-61.8%
Others	3.1	3.3	3.4	3.8	7.0%
Total	24.1	23.6	32.5	36.6	14.9%

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

France (1651.8 tons)
Germany (1369.9 tons)
Spain (1293.2 tons)
Austria (745.9 tons)
Belgium (668.4 tons)
Netherlands (644.8 tons)
Greece (330.7 tons)
China (253.7 tons)
Luxembourg (162.3 tons)
Slovenia (142.2 tons)
Poland (110.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the skim powdered milk market in Italy. 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:

Italy

Data coverage:

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