Eastern Europe: Milk Market 2024

Milk Market Size in Eastern Europe

The East European milk market amounted to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a mild descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Milk Production in Eastern Europe

In value terms, milk production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Russia (X tons) remains the largest milk producing country in Eastern Europe, accounting for X% of total volume. Moreover, milk production in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), twofold. The third position in this ranking was held by Belarus (X tons), with an X% share.

In Russia, milk production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Belarus (X% per year).

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Milk Exports

Exports in Eastern Europe

In 2022, milk exports in Eastern Europe stood at X tons, flattening at the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, milk exports skyrocketed to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) and Poland (X tons) represented roughly X% of total exports in 2022. Latvia (X tons) ranks next in terms of the total exports with a X% share, followed by Hungary (X%), Estonia (X%), Belarus (X%) and Slovakia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Latvia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milk export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per ton) and Belarus ($X per ton), while Estonia ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced more modest paces of growth.

Milk Imports

Imports in Eastern Europe

In 2022, purchases abroad of milk decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, milk imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lithuania represented the key importer of milk in Eastern Europe, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Romania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Latvia (X%), Poland (X%), Slovakia (X%) and Bulgaria (X%). The Czech Republic (X tons) followed a long way behind the leaders.

Imports into Lithuania increased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%), Latvia (X%), Romania (X%), Poland (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Lithuania (X p.p.), Romania (X p.p.), Latvia (X p.p.) and Bulgaria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lithuania ($X) constitutes the largest market for imported milk in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

In Lithuania, milk imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Romania (X% per year) and Latvia (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milk import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bulgaria ($X per ton) and Slovakia ($X per ton), while the Czech Republic ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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