Italy: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Italy

The Italian market for condensed or evaporated milk (unsweetened) skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption recorded a significant expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Production of Condensed Or Evaporated Milk (Unsweetened) in Italy

In value terms, unsweetened condensed and evaporated milk production rose rapidly to $X in 2022 estimated in export price. In general, production recorded significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Italy

In 2022, after two years of growth, there was significant decline in shipments abroad of condensed or evaporated milk (unsweetened), when their volume decreased by X% to X tons. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports fell remarkably to $X in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Greece (X tons), Germany (X tons) and France (X tons) were the main destinations of unsweetened condensed and evaporated milk exports from Italy, with a combined X% share of total exports.

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

In value terms, France ($X), Greece ($X) and Germany ($X) appeared to be the largest markets for unsweetened condensed and evaporated milk exported from Italy worldwide, together accounting for X% of total exports. Malta, Cyprus, Spain, the Netherlands, the UK, China, Poland, Hungary and Sweden lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

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

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Italy

After two years of growth, overseas purchases of condensed or evaporated milk (unsweetened) decreased by X% to X tons in 2022. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, unsweetened condensed and evaporated milk imports surged to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of unsweetened condensed and evaporated milk to Italy, accounting for a X% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and France (X% per year).

In value terms, Austria ($X), Germany ($X) and the Netherlands ($X) were the largest unsweetened condensed and evaporated milk suppliers to Italy, together comprising X% of total imports. France and Slovenia lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to 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 condensed or evaporated milk (unsweetened) amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a slight expansion 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, unsweetened condensed and evaporated milk import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Slovenia ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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