EU: Milk Market 2024

Milk Market Size in the EU

The EU milk market amounted to $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. 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 the EU

In value terms, milk production expanded to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

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Milk Exports

Exports in the EU

In 2022, exports of milk in the European Union contracted modestly to X tons, declining by X% on the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, milk exports expanded rapidly to $X in 2022. The total export 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 in certain years. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X tons), Belgium (X tons), the Czech Republic (X tons), Poland (X tons), France (X tons), Austria (X tons), the Netherlands (X tons), Latvia (X tons), Hungary (X tons), Slovenia (X tons), Luxembourg (X tons) and Denmark (X tons) represented the key exporter of milk in the European Union, making up X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key 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 largest milk supplying countries in the European Union were Germany ($X), Belgium ($X) and the Czech Republic ($X), together accounting for X% of total exports. Poland, France, Austria, the Netherlands, Latvia, Denmark, Hungary, Slovenia and Luxembourg lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Denmark ($X per ton) and Germany ($X per ton), while Latvia ($X per ton) and the Czech Republic ($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 the EU

In 2022, purchases abroad of milk increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, milk imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany represented the main importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Belgium (X tons), the Netherlands (X tons), Italy (X tons), Ireland (X tons) and Lithuania (X tons), together constituting a X% share of total imports. Croatia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to milk imports into Germany stood at X%. At the same time, Croatia (X%), Ireland (X%), Belgium (X%), the Netherlands (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Belgium (X p.p.), the Netherlands (X p.p.), Ireland (X p.p.), Lithuania (X p.p.) and Croatia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (X p.p.) displayed negative dynamics.

In value terms, Germany ($X) constitutes the largest market for imported milk in the European Union, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Netherlands ($X per ton) and Ireland ($X per ton), while Belgium ($X per ton) and Italy ($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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