IndexBox has just published a new report: ‘EU – Condensed Or Evaporated Milk (Sweetened) – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the market for condensed or evaporated milk (sweetened) in the European Union amounted to $705M in 2018, rising by 2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Market value continues to increase for the third consecutive year.

Consumption By Country in the EU

The countries with the highest volumes of consumption of condensed or evaporated milk (sweetened) in 2018 were the UK (101K tonnes), the Netherlands (54K tonnes) and Germany (32K tonnes), together comprising 58% of total consumption. France, Spain, Sweden, the Czech Republic, Austria, Portugal, Belgium, Poland and Lithuania lagged somewhat behind, together accounting for a further 35%.

From 2007 to 2018, the most notable rate of growth in terms of consumption of condensed or evaporated milk (sweetened), amongst the main consuming countries, was attained by Lithuania, while consumption of condensed or evaporated milk (sweetened) for the other leaders experienced more modest paces of growth.

In value terms, Germany ($289M) led the market, alone. The second position in the ranking was occupied by the Netherlands ($83M). It was followed by France.

The countries with the highest levels of sweetened condensed and evaporated milk per capita consumption in 2018 were the Netherlands (3,166 kg per 1000 persons), Lithuania (1,771 kg per 1000 persons) and the UK (1,512 kg per 1000 persons).

Production in the EU

The volume of production of condensed or evaporated milk (sweetened) totaled 406K tonnes in 2018, jumping by 3.3% against the previous year. The total output volume increased at an average annual rate of +1.5% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The volume of production of condensed or evaporated milk (sweetened) peaked in 2018 and is likely to continue its growth in the near future.

Production By Country in the EU

The countries with the highest volumes of production of sweetened condensed or evaporated milk in 2018 were the Netherlands (100K tonnes), the UK (78K tonnes) and Belgium (61K tonnes), together accounting for 59% of total production. Germany, Spain, Sweden, the Czech Republic and Austria lagged somewhat behind, together comprising a further 32%.

From 2007 to 2018, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Germany, while production in the other leading countries experienced more modest paces of growth.

Exports in the EU

In 2018, approx. 262K tonnes of sweetened condensed or evaporated milk were exported in the European Union; increasing by 11% against the previous year. In general, exports of sweetened condensed or evaporated milk continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 25% against the previous year. Over the period under review, exports of condensed or evaporated milk (sweetened) attained their maximum in 2018 and are expected to retain its growth in the near future. In value terms, exports of condensed or evaporated milk (sweetened) totaled $617M (IndexBox estimates) in 2018.

Exports by Country

The Netherlands (81K tonnes) and Belgium (62K tonnes) represented roughly 55% of total exports of condensed or evaporated milk (sweetened) in 2018. Spain (33K tonnes) ranks next in terms of the total exports with a 13% share, followed by Germany (12%). France (11,077 tonnes), the UK (10,134 tonnes), Denmark (7,417 tonnes), Lithuania (5,182 tonnes) and Poland (4,974 tonnes) occupied a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while exports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($212M), Belgium ($161M) and Spain ($67M) constituted the countries with the highest levels of exports in 2018, with a combined 71% share of total exports. These countries were followed by Germany, France, Denmark, the UK, Poland and Lithuania, which together accounted for a further 23%.

Export Prices by Country

The export price for sweetened condensed or evaporated milk in the European Union stood at $2,357 per tonne in 2018, surging by 6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Denmark ($2,969 per tonne), while the UK ($1,852 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Imports in the EU

The volume of imports stood at 180K tonnes in 2018, jumping by 9.1% against the previous year. The total imports indicated noticeable growth from 2007 to 2018: its volume increased at an average annual rate of +3.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, imports of condensed or evaporated milk (sweetened) increased by +29.1% against 2014 indices. Over the period under review, imports of condensed or evaporated milk (sweetened) reached their maximum in 2018 and are expected to retain its growth in the immediate term. In value terms, imports of condensed or evaporated milk (sweetened) stood at $357M (IndexBox estimates) in 2018.

Imports by Country

The Netherlands (35K tonnes), the UK (33K tonnes) and France (31K tonnes) represented roughly 55% of total imports of condensed or evaporated milk (sweetened) in 2018. Spain (15K tonnes) took an 8.1% share (based on tonnes) of total imports, which put it in second place, followed by Germany (6.4%). Belgium (7,673 tonnes), Portugal (6,891 tonnes), Ireland (5,599 tonnes), Poland (5,262 tonnes), Greece (5,054 tonnes), Italy (4,155 tonnes) and Lithuania (3,701 tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Lithuania, while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($70M), France ($66M) and the Netherlands ($52M) constituted the countries with the highest levels of imports in 2018, together comprising 53% of total imports. These countries were followed by Spain, Germany, Belgium, Portugal, Italy, Poland, Greece, Ireland and Lithuania, which together accounted for a further 39%.

Import Prices by Country

The import price for condensed or evaporated milk (sweetened) in the European Union stood at $1,983 per tonne in 2018, standing approx. at the previous year. Overall, the import price for condensed or evaporated milk (sweetened) continues to indicate a slight descent.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($2,562 per tonne), while the Netherlands ($1,489 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform