Latest Report Update: Mar 21, 2021

Ireland - Milk - Market Analysis, Forecast, Size, Trends and Insights
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Ireland: Milk Market Overview 2021

Milk Market Size in Ireland

In 2019, after two years of growth, there was significant decline in the Irish milk market, when its value decreased by -X% to $X. Overall, the total consumption indicated a modest expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2011 indices. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X, and then fell in the following year.

Milk Production in Ireland

In value terms, milk production shrank notably to $X in 2019 estimated in export prices. In general, the total production indicated a slight increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

In 2019, the average yield of milk in Ireland reduced slightly to X tonnes per head, remaining constant against the previous year. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tonnes per head, leveling off in the following year.

In 2019, approx. X heads of producing animals were grown in Ireland; increasing by X% on 2018. This number increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the number of producing animals increased by X% against the previous year. The number of animals for milk production peaked at X heads in 2017; afterwards, it flattened through to 2019.

Milk Exports

Exports from Ireland

After two years of growth, shipments abroad of milk decreased by -X% to X tonnes in 2019. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked at X tonnes in 2018, and then dropped in the following year.

In value terms, milk exports fell significantly to $X in 2019. Overall, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2018, and then shrank rapidly in the following year.

Exports by Country

The UK (X tonnes) was the main destination for milk exports from Ireland, with a X% share of total exports. Moreover, milk exports to the UK exceeded the volume sent to the second major destination, China (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to the UK amounted to +X%.

In value terms, the UK ($X) remains the key foreign market for milk exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the UK amounted to +X%.

Export Prices by Country

The average milk export price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was China ($X per tonne), while the average price for exports to the UK stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China.

Milk Imports

Imports into Ireland

In 2019, purchases abroad of milk decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2018, and then fell in the following year.

In value terms, milk imports fell rapidly to $X in 2019. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2018, and then contracted dramatically in the following year.

Imports by Country

In 2019, the UK (X tonnes) was the main milk supplier to Ireland, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from the UK totaled +X%.

In value terms, the UK ($X) constituted the largest supplier of milk to Ireland.

From 2007 to 2019, the average annual rate of growth in terms of value from the UK stood at +X%.

Import Prices by Country

The average milk import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2007 to 2019, the rate of growth in terms of prices for the UK amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for milk in the world?
+
The countries with the highest volumes of milk consumption in 2019 were India (190M tonnes), the U.S. (117M tonnes) and Pakistan (56M tonnes), with a combined 36% share of global consumption. These countries were followed by Germany, China, Brazil, Russia, France, Turkey, New Zealand, Colombia, the UK and the Netherlands, which together accounted for a further 31%.
What are the largest producers of milk in the world?
+
The countries with the highest volumes of milk production in 2019 were India (190M tonnes), the U.S. (117M tonnes) and Pakistan (56M tonnes), together comprising 36% of global production. These countries were followed by Germany, Brazil, China, Russia, France, Turkey, New Zealand, Colombia, the UK and Poland, which together accounted for a further 31%.
What are the leading suppliers of milk to Ireland?
+
In value terms, the UK ($264M) constituted the largest supplier of milk to Ireland.
What are the leading importers of milk from Ireland?
+
In value terms, the UK ($125M) remains the key foreign market for milk exports from Ireland, comprising 82% of total exports. The second position in the ranking was occupied by China ($18M), with a 12% share of total exports.
What is the average export price for milk in Ireland?
+
In 2019, the average milk export price amounted to $737 per tonne, declining by -3.7% against the previous year.
What is the average import price for milk in Ireland?
+
In 2019, the average milk import price amounted to $398 per tonne, waning by -4.5% against the previous year.

Product coverage:
• FCL 1130 - Camel milk
• FCL 882 - Cow milk, whole (fresh)
• FCL 1020 - Goat milk
• FCL 982 - Sheep milk
• FCL 951 - Buffalo milk
• FCL 888 - Skim Milk of Cows

This report provides an in-depth analysis of the milk market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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