EU: Dairy Spread Market 2024

Dairy Spread Market Size in the EU

The EU dairy spread market rose notably to $X in 2022, picking up by 12% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.1% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Dairy Spread Production in the EU

In value terms, dairy spread production soared to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 46%. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the near future.

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Dairy Spread Exports

Exports in the EU

In 2022, the amount of dairy spreads exported in the European Union declined slightly to X tons, falling by -1.8% against 2021 figures. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 7.1% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, dairy spread exports expanded sharply to $X in 2022. Overall, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 31%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium represented the largest exporter of dairy spreads in the European Union, with the volume of exports finishing at X tons, which was approx. 32% of total exports in 2022. Germany (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by France (14%), Ireland (10%), Greece (9.3%) and the Netherlands (6.2%). Hungary (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dairy spread exports from Belgium stood at -6.1%. At the same time, Greece (+68.3%), France (+3.3%) and Hungary (+1.6%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +68.3% from 2012-2022. By contrast, Ireland (-1.4%), Germany (-2.1%) and the Netherlands (-7.4%) illustrated a downward trend over the same period. Greece (+9.2 p.p.), France (+7.6 p.p.), Germany (+4 p.p.) and Ireland (+3 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Belgium saw its share reduced by -1.9% and -4.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 64% of total exports. Ireland, the Netherlands, Greece and Hungary lagged somewhat behind, together accounting for a further 27%.

Among the main exporting countries, Greece, with a CAGR of +69.3%, recorded the highest rates of growth with regard to the value of exports, 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 the European Union stood at $X per ton in 2022, rising by 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2017 when the export price increased by 23%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+5.8%), while the other leaders experienced more modest paces of growth.

Dairy Spread Imports

Imports in the EU

Dairy spread imports totaled X tons in 2022, approximately reflecting 2021 figures. Overall, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 11%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dairy spread imports surged to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of dairy spread imports in 2022 were Spain (X tons), Portugal (X tons), Slovakia (X tons), Bulgaria (X tons), the Czech Republic (X tons), Romania (X tons), France (X tons), Germany (X tons), the Netherlands (X tons) and Belgium (X tons), together accounting for 84% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy spread importing markets in the European Union were Spain ($X), Slovakia ($X) and Portugal ($X), with a combined 37% share of total imports.

Spain, with a CAGR of +30.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2017 an increase of 20%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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