Portugal: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in Portugal

The Portuguese skim powdered milk market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Skim Powdered Milk Production in Portugal

In value terms, skim powdered milk production amounted to $X in 2022 estimated in export price. In general, the total production indicated resilient growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Skim Powdered Milk Exports

Exports from Portugal

In 2022, after three years of growth, there was significant decline in overseas shipments of skim powdered milk, when their volume decreased by X% to X tons. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, skim powdered milk exports reduced rapidly to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of skim powdered milk exports from Portugal, together comprising X% of total exports. France, Austria, Italy and Angola lagged somewhat behind, together accounting for a further X%.

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

In value terms, Spain ($X), the Netherlands ($X) and Germany ($X) were the largest markets for skim powdered milk exported from Portugal worldwide, with a combined X% share of total exports. France, Austria, Angola and Italy lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average skim powdered milk export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Angola ($X per ton), while the average price for exports to Italy ($X per ton) and Spain ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Powdered Milk Imports

Imports into Portugal

In 2022, purchases abroad of skim powdered milk increased by X% to X tons, rising for the seventh consecutive year after three years of decline. In general, total imports indicated a measured increase from 2012 to 2022: its volume 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 increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, skim powdered milk imports soared to $X in 2022. Overall, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of skim powdered milk imports to Portugal, with a combined X% share of total imports. Ireland, Denmark and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, Spain ($X), the Netherlands ($X) and France ($X) were the largest skim powdered milk suppliers to Portugal, with a combined X% share of total imports. Ireland, Denmark and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ireland, with a CAGR of X%, saw the highest growth rate of 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

The average skim powdered milk import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated buoyant 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, skim powdered milk import price increased by X% against 2017 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and the Netherlands ($X per ton), while the price for Germany ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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