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Sweetened Condensed And Evaporated Milk Market in the EU Remains Robust

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Archives, Global Trade Daily, News

Sweetened Condensed And Evaporated Milk Market in the EU Remains Robust

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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

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Archives, Global Trade Daily, Imports/Exports

Dairy Spread Market in the EU – Key Insights

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IndexBox has just published a new report, the EU – Dairy Spreads – Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report’s key findings.

The revenue of the dairy spread market in the European Union amounted to $827M in 2017, surging by 18% 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). The market value increased at an average annual rate of +1.9% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2017, when it surged by 18% y-o-y. In that year, the dairy spread market attained its peak level, and is likely to continue its growth in the immediate term.

Production in the EU

In 2017, approx. 200K tonnes of dairy spreads were produced in the European Union; increasing by 9.1% against the previous year. The dairy spread production continues to indicate a relatively flat trend pattern.

Dairy Spread Exports

Exports in the EU

In 2017, exports of dairy spreads in the European Union stood at 31K tonnes, flattening at the previous year. The dairy spread exports continue to indicate a perceptible curtailment.

In value terms, dairy spread exports stood at $138M (IndexBox estimates) in 2017. The dairy spread exports continue to indicate a relatively flat trend pattern. In that year, dairy spread exports reached their peak of $204M. From 2009 to 2017, the growth of dairy spread exports remained at a somewhat lower figure.

Exports by Country

Belgium was the main exporting countries with an export of about 9.5K tonnes, which amounted to 31% of total exports. Poland (4.5K tonnes) ranks second in terms of the global exports with a 15% share, followed by the UK (9.2%), Germany (8.4%), France (8.2%), Ireland (8%), Croatia (6.7%) and the Netherlands (4.8%).

Exports from Belgium decreased at an average annual rate of -2.0% from 2007 to 2017. At the same time, Poland (+31.2%), Croatia (+13.1%), the Netherlands (+5.5%) and France (+5.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing exporter in the European Union, with a CAGR of +31.2% from 2007-2017. Germany experienced a relatively flat trend pattern. By contrast, Ireland (-4.7%) and the UK (-17.2%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the UK, Belgium and Ireland increased by 52%, 7.1% and 5% percentage points, while the Netherlands (-2%), France (-3.2%), Croatia (-4.8%) and Poland (-13.7%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($47M) remains the largest dairy spread supplier in the European Union, comprising 34% of global exports. The second position in the ranking was occupied by Germany ($17M), with a 12% share of global exports. It was followed by Poland, with a 9.3% share.

Export Prices by Country

The dairy spread export price in the European Union stood at $4.5 per kg in 2017, going up by 26% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +3.7%.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Germany ($6.5 per kg), while the UK ($2.6 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Netherlands (+4.9% per year), while the other leaders experienced more modest paces of growth.

Dairy Spread Imports

Imports in the EU

The imports totaled 31K tonnes in 2017, waning by -30.2% against the previous year. The dairy spread imports continue to indicate an abrupt decrease. The growth pace was the most rapid in 2015, when the imports increased by 18% against the previous year. In that year, dairy spread imports reached their peak of 54K tonnes. From 2016 to 2017, the growth of dairy spread imports failed to regain its momentum.

In value terms, dairy spread imports amounted to $120M (IndexBox estimates) in 2017. The dairy spread imports continue to indicate a slight contraction. Over the period under review, dairy spread imports attained their maximum at $167M in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, the UK (7.1K tonnes), distantly followed by Germany (4.6K tonnes), France (2.6K tonnes), Portugal (2.6K tonnes), Slovakia (2.1K tonnes), the Netherlands (1.7K tonnes), Spain (1.5K tonnes) and the Czech Republic (1.4K tonnes) represented the main importers of dairy spreads, together mixed up 77% of total imports. The following importers – Greece (1.3K tonnes), Belgium (1.1K tonnes), Austria (726 tonnes) and Romania (651 tonnes) together made up 12% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands (+43.7% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($28M), Germany ($17M) and France ($13M) constituted the countries with the highest levels of imports in 2017, with a combined 48% share of total imports. These countries were followed by Portugal, Spain, Belgium, Austria, Slovakia, Greece, the Czech Republic, the Netherlands and Romania, which together accounted for a further 41%.

Import Prices by Country

In 2017, the dairy spread import price in the European Union amounted to $3.9 per kg, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%.

Import prices varied noticeably by the country of destination; the country with the highest import price was Austria ($7.3 per kg), while the Netherlands ($2.2 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France (+9.2% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, News

Dairy Groups Demand Greater Market Access

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Washington, DC – Two major US dairy industry groups are saying they will oppose any transpacific trade pact if Japan and Canada “continue to limit their markets to increased US dairy exports.”

Japan and Canada “are dragging their feet…and US negotiators must insist on “meaningful dairy market access,” the National Milk Producers Federation and the US Dairy Export Council said in a recent letter to US Trade Representative, Michael Froman and Secretary of Agriculture, Tom Vilsack.

The two industry groups said Canada “would probably be guided by Japan in deciding on any changes to its dairy market access” and that any negotiations to forge the Transpacific Partnership (TTP) would have to address New Zealand government programs that are seen to benefit Fonterra, the world’s biggest dairy exporter that controls nearly a third of global dairy trade.

“Our support for TPP is not unconditional,” said the letter, signed by 39 US dairy companies and cooperatives.

“The elements cited here, which largely remain unresolved, must be concluded in a positive manner or our industry will find it difficult to support the final agreement.”

The TPP’s stated goal is to eliminate tariffs and other barriers to goods and services trade. USTR Michael Froman said after the Singapore round of TPP talks in May that the US “is pressing for tariffs to be eliminated to the maximum extent possible.”

A spokesman for Froman said the US “had made it clear to trading partners that it expected the final TPP agreement to reflect the ambitious goals all countries signed up to.”

Like all exporters, he added, “America’s dairy farmers have a lot to gain through the Trans-Pacific Partnership and we are working hard to unlock opportunities for them throughout the Asia-Pacific region.”

The TPP would consist of 12 nations that account for two-fifths of the world economy and a third of global trade.

07/02/2014