UK Yogurt Imports Spike While Most Other Countries Reduce Purchases
IndexBox has just published a new report: ‘World – Yogurt – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
The global yogurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yogurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yogurt imports. In 2020, France, Germany and Belgium were the prime yogurt suppliers to the UK, providing 80% of the total import volume.
Yoghurt Imports by Country
In 2020, the amount of yogurt imported worldwide dropped to 1.5M tonnes, with a decrease of -12.1% compared with the previous year’s figure. In value terms, yogurt imports fell by -7.2% y-o-y to $2.4B (IndexBox estimates) in 2020.
In 2020, the UK (261K tonnes), followed by Italy (168K tonnes), the Netherlands (118K tonnes), Spain (116K tonnes), Portugal (110K tonnes), Germany (103K tonnes), Belgium (100K tonnes) and Sweden (77K tonnes) were the key importers of yogurt, together comprising 68% of total imports. France (49K tonnes), Hungary (34K tonnes), Austria (33K tonnes), Ireland (32K tonnes) and China (28K tonnes) followed a long way behind the leaders.
In value terms, the largest yogurt importing markets worldwide were the UK ($423M), Italy ($266M) and Spain ($167M), together comprising 35% of global imports. The Netherlands, Portugal, Belgium, Germany, Sweden, France, Ireland, Austria, China and Hungary lagged somewhat behind, together accounting for a further 40%.
In 2020, the average yogurt import price amounted to $1,587 per tonne, increasing by 5.6% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Ireland ($1,781 per tonne), while Hungary ($1,168 per tonne) was amongst the lowest.
Major Yogurt Suppliers to the UK
In 2020, the UK attained the most notable rate of growth in terms of purchases, amongst the main importing countries. France (95K tonnes), Germany (59K tonnes) and Belgium (54K tonnes) were the main suppliers of yogurt imports to the UK, together accounting for 80% of total imports. These countries were followed by Greece, Ireland, Spain and Poland, which together accounted for a further 19%. In 2020, the biggest increases were in supplies from Poland, while purchases from the other leaders experienced more modest paces of growth.
In value terms, the largest yogurt suppliers to the UK were France ($140M), Germany ($79M) and Greece ($77M), together comprising 70% of total imports.
Source: IndexBox Platform