Ireland: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Ireland

In 2022, the Irish market for powdered, condensed or evaporated milk decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, showed a remarkable increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Ireland

In value terms, powdered, condensed or evaporated milk production totaled $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Ireland

Powdered, condensed or evaporated milk exports from Ireland amounted to X tons in 2022, surging by X% on 2021 figures. In general, exports saw a prominent increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk exports surged to $X in 2022. Over the period under review, exports showed a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for powdered, condensed or evaporated milk exports from Ireland, accounting for a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for powdered, condensed or evaporated milk exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Italy ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Ireland

In 2022, imports of powdered, condensed or evaporated milk into Ireland expanded remarkably to X tons, surging by X% compared with the previous year. Over the period under review, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk imports soared to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The UK (X tons), Germany (X tons) and Finland (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to Ireland, with a combined X% share of total imports. Denmark, the Netherlands, the United States, France, Belgium, Poland and Austria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest powdered, condensed or evaporated milk suppliers to Ireland were Germany ($X), the UK ($X) and Denmark ($X), with a combined X% share of total imports. Finland, the Netherlands, the United States, France, Austria, Belgium and Poland lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the UK ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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