Europe: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Europe

In 2022, the Europe market for condensed or evaporated milk (sweetened) increased by 3.8% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a strong expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Condensed Or Evaporated Milk (Sweetened) in Europe

In value terms, sweetened condensed and evaporated milk production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 12%. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports in Europe

After three years of growth, overseas shipments of condensed or evaporated milk (sweetened) decreased by -4% to X tons in 2022. The total export volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 14%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank modestly in the following year.

In value terms, sweetened condensed and evaporated milk exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 29% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly 50% of total exports in 2022. Belarus (X tons) held the next position in the ranking, followed by Germany (X tons) and Spain (X tons). All these countries together took approx. 34% share of total exports. The following exporters - Russia (X tons) and Lithuania (X tons) - each finished at a 5.6% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +9.8%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Belarus ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 66% share of total exports.

In terms of the main exporting countries, Belgium, with a CAGR of +12.4%, recorded the highest growth rate of 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 Europe stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%), while the other leaders experienced a decline in the export price figures.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports in Europe

In 2022, supplies from abroad of condensed or evaporated milk (sweetened) increased by 11% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2015 with an increase of 22% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 21%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The purchases of the five major importers of condensed or evaporated milk (sweetened), namely Russia, the Netherlands, the UK, France and Germany, represented more than half of total import. It was distantly followed by Spain (X tons), mixing up a 6.1% share of total imports. The following importers - Belgium (X tons), Greece (X tons), Portugal (X tons), Poland (X tons), Italy (X tons), Denmark (X tons) and Ireland (X tons) - together made up 19% of total imports.

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

In value terms, the UK ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 42% share of total imports. Russia, Germany, Spain, Poland, Belgium, Italy, Greece, Portugal, Denmark and Ireland lagged somewhat behind, together comprising a further 47%.

Denmark, with a CAGR of +23.9%, recorded the highest growth rate of the value of imports, among 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 Europe amounted to $X per ton, increasing by 8.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the UK ($X per ton), while Ireland ($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 (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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