Global Powdered Milk Market 2024

Powdered Milk Market Size

The global powdered milk market expanded remarkably to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the global market remained at a somewhat lower figure.

Powdered Milk Production

In value terms, powdered milk production rose to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, global production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were New Zealand (X tons), the United States (X tons) and Brazil (X tons), together accounting for X% of global production. Germany, France, India, the Netherlands, Argentina, Belgium, Australia, Ireland, Poland and the UK lagged somewhat behind, together accounting for a further X%.

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

Powdered Milk Exports

Exports

In 2022, overseas shipments of powdered milk decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the global exports reached the maximum at X tons in 2021, and then fell modestly in the following year.

In value terms, powdered milk exports amounted to $X in 2022. Overall, total exports indicated a noticeable expansion 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, New Zealand (X tons), distantly followed by the United States (X tons), Germany (X tons), France (X tons) and the Netherlands (X tons) represented the major exporters of powdered milk, together making up X% of total exports. The United Arab Emirates (X tons), Belgium (X tons), Ireland (X tons), Australia (X tons), Argentina (X tons), Uruguay (X tons), Belarus (X tons) and Poland (X tons) followed a long way behind the leaders.

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

In value terms, New Zealand ($X) remains the largest powdered milk supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the United States ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In New Zealand, powdered milk exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated slight 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 milk export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum 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 Australia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Powdered Milk Imports

Imports

In 2022, the amount of powdered milk imported worldwide was estimated at X tons, approximately equating the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, global imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, powdered milk imports surged to $X in 2022. In general, total imports indicated a moderate 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 increased by X% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of global imports failed to regain momentum.

Imports by Country

In 2022, China (X tons), distantly followed by Algeria (X tons), Indonesia (X tons) and Mexico (X tons) were the largest importers of powdered milk, together making up X% of total imports. The following importers - the Netherlands (X tons), the United Arab Emirates (X tons), the Philippines (X tons), Belgium (X tons), Malaysia (X tons), Saudi Arabia (X tons), Thailand (X tons), Italy (X tons) and Bangladesh (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the powdered milk imports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), Bangladesh (X%), the Philippines (X%), the United Arab Emirates (X%), Italy (X%), Thailand (X%), Malaysia (X%), the Netherlands (X%), Algeria (X%), Belgium (X%) and Mexico (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported powdered milk worldwide, comprising X% of global imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of global imports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the average powdered milk import price amounted to $X per ton, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and Malaysia ($X per ton), while Bangladesh ($X per ton) and Algeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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