Europe: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in Europe

The Europe yoghurt and fermented milk market declined significantly to $X in 2022, shrinking by X% against the previous year. Overall, consumption showed a pronounced slump. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Yoghurt and Fermented Milk in Europe

In value terms, yoghurt and fermented milk production contracted markedly to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Germany (X tons), France (X tons) and Spain (X tons), with a combined X% share of total production. Ukraine, Belgium, the UK, Switzerland, Belarus, Austria, Greece, Romania, Sweden 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 key producing countries, was attained by Greece (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Exports of Yoghurt and Fermented Milk

Exports in Europe

In 2022, overseas shipments of yoghurt and fermented milk decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted slightly in the following year.

In value terms, yoghurt and fermented milk exports stood at $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Belgium (X tons), Spain (X tons), Austria (X tons), Poland (X tons) and Greece (X tons) were the largest exporters of yoghurt and fermented milk, together creating X% of total exports. Belarus (X tons), the Netherlands (X tons), the Czech Republic (X tons), Russia (X tons) and Luxembourg (X tons) took a minor 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 Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Greece, Spain, Austria, Poland, the Netherlands, Belarus, Russia, the Czech Republic and Luxembourg lagged somewhat behind, together accounting for a further X%.

Greece, 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

The export price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

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

Imports of Yoghurt and Fermented Milk

Imports in Europe

In 2022, after two years of growth, there was decline in purchases abroad of yoghurt and fermented milk, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell modestly in the following year.

In value terms, yoghurt and fermented milk imports declined to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of yoghurt and fermented milk, namely the UK, Italy, the Netherlands, Germany, Spain, Portugal, Belgium, France, Ireland, Sweden, Poland and Hungary, represented more than two-thirds of total import. Romania (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 leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Spain, Germany, Belgium, Portugal, France, Sweden, Ireland, Poland, Romania and Hungary lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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