Global Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size

The global skim powdered milk market rose notably 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Skim Powdered Milk Production

In value terms, skim powdered milk production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X%. Global production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Skim Powdered Milk Exports

Exports

In 2022, the amount of skim powdered milk exported worldwide fell to X tons, reducing by X% on the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the global exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, skim powdered milk exports surged to $X in 2022. Overall, total exports indicated a pronounced 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by New Zealand (X tons), Germany (X tons), France (X tons), Belgium (X tons), Ireland (X tons), the Netherlands (X tons) and Australia (X tons), together creating a X% share of total exports. The following exporters - Poland (X tons), Belarus (X tons), Sweden (X tons) and the UK (X tons) - together made up X% of total exports.

Exports from the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Ireland (X%), Sweden (X%), the UK (X%), the Netherlands (X%), Poland (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany, France and Australia experienced a relatively flat trend pattern. By contrast, New Zealand (X%) and Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and Ireland increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United States, skim 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: New Zealand (X% per year) and Germany (X% per year).

Export Prices by Country

The average skim powdered milk export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, export price indicated a noticeable 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, skim powdered milk export price increased by X% against 2018 indices. The global export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Australia ($X per ton) and New Zealand ($X per ton), while Belarus ($X per ton) and Belgium ($X per ton) were 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.

Skim Powdered Milk Imports

Imports

In 2022, after two years of decline, there was growth in supplies from abroad of skim powdered milk, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, skim powdered milk imports skyrocketed to $X in 2022. Overall, total imports indicated a tangible 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, imports increased by X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), Mexico (X tons), Algeria (X tons), Indonesia (X tons), the Philippines (X tons), the Netherlands (X tons), Malaysia (X tons), Belgium (X tons), Italy (X tons), Vietnam (X tons), Poland (X tons) and Germany (X tons) represented the key importer of skim powdered milk in the world, creating X% of total import. Yemen (X tons) followed a long way behind the leaders.

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

In value terms, China ($X), Mexico ($X) and Algeria ($X) were the countries with the highest levels of imports in 2022, together comprising X% of global imports. Indonesia, the Philippines, the Netherlands, Malaysia, Vietnam, Italy, Belgium, Yemen, Poland and Germany lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average skim powdered milk import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated mild 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 2018 indices. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :