EU: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in the EU

In 2022, the EU evaporated and condensed milk market increased by X% to $X, rising for the fifth consecutive year after four years of decline. Overall, consumption enjoyed prominent growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Evaporated And Condensed Milk in the EU

In value terms, evaporated and condensed milk production totaled $X in 2022 estimated in export price. Overall, production recorded notable growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were Germany (X tons), the Netherlands (X tons) and Belgium (X tons), together accounting for X% of total production. Spain, Ireland, France and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

Exports of Evaporated And Condensed Milk

Exports in the EU

In 2022, after three years of growth, there was decline in overseas shipments of evaporated and condensed milk, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, evaporated and condensed milk exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

The Netherlands (X tons) and Germany (X tons) represented roughly X% of total exports in 2022. Belgium (X tons) held the next position in the ranking, followed by France (X tons). All these countries together took near X% share of total exports. The following exporters - Spain (X tons) and Luxembourg (X tons) - each reached a X% share of total exports.

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

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

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

Imports of Evaporated And Condensed Milk

Imports in the EU

For the third year in a row, the European Union recorded growth in supplies from abroad of evaporated and condensed milk, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, evaporated and condensed milk imports skyrocketed to $X in 2022. Total imports indicated notable 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, imports increased by X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of evaporated and condensed milk imports in 2022 were the Netherlands (X tons), Greece (X tons), Germany (X tons), Belgium (X tons) and France (X tons), together reaching X% of total import. Poland (X tons), Italy (X tons), Austria (X tons), Denmark (X tons), Romania (X tons) and Spain (X tons) held a minor share of total imports.

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

In value terms, the largest evaporated and condensed milk importing markets in the European Union were the Netherlands ($X), Germany ($X) and Greece ($X), with a combined X% share of total imports. France, Belgium, Italy, Poland, Spain, Austria, Denmark and Romania lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, saw 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

The import price in the European Union stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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