Europe: Milk Market 2024

Milk Market Size in Europe

The Europe milk market reached $X in 2022, stabilizing at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Milk Production in Europe

In value terms, milk production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked 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), Russia (X tons) and France (X tons), with a combined X% share of total production. The UK, Poland, the Netherlands, Italy, Ireland, Belarus, Spain, Ukraine, Belgium and Denmark lagged somewhat behind, together accounting for a further X%.

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

Milk Exports

Exports in Europe

In 2022, the amount of milk exported in Europe declined slightly to X tons, which is down by X% compared with 2021. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, milk exports expanded sharply 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Germany (X tons), Belgium (X tons), the Czech Republic (X tons), the UK (X tons), Poland (X tons), France (X tons), Austria (X tons), the Netherlands (X tons), Latvia (X tons), Hungary (X tons), Slovenia (X tons) and Luxembourg (X tons), together amounting to X% of total export.

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

In value terms, Germany ($X), Belgium ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Poland, the UK, France, Austria, the Netherlands, Latvia, Hungary, Slovenia and Luxembourg lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw 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

In 2022, the export price in Europe amounted to $X per ton, rising by 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%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Austria ($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 Europe

In 2022, supplies from abroad of milk was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, milk imports skyrocketed 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 in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), the Netherlands (X tons), Italy (X tons), Ireland (X tons) and Lithuania (X tons) represented the largest importers of milk, together comprising X% of total imports. The UK (X tons), Croatia (X tons), Romania (X tons), France (X tons) and Latvia (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%), Latvia (X%), Ireland (X%), Romania (X%), the UK (X%), Belgium (X%), the Netherlands (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, France (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Belgium, the Netherlands, Ireland, Lithuania and Croatia increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, 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: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, rising by 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 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Belgium ($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.

Source: IndexBox Platform

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