Benelux: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Benelux

In 2023, the Benelux evaporated and condensed milk market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a perceptible expansion. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Production of Evaporated And Condensed Milk in Benelux

In value terms, evaporated and condensed milk production expanded sharply to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

The Netherlands (X tons) constituted the country with the largest volume of evaporated and condensed milk production, comprising approx. X% of total volume. Moreover, evaporated and condensed milk production in the Netherlands exceeded the figures recorded by the second-largest producer, Belgium (X tons), threefold.

In the Netherlands, evaporated and condensed milk production remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Exports of Evaporated And Condensed Milk

Exports in Benelux

In 2023, approx. X tons of evaporated and condensed milk were exported in Benelux; picking up by X% compared with the previous year. Overall, exports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports totaled $X in 2023. Over the period under review, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

The Netherlands was the major exporter of evaporated and condensed milk in Benelux, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. Belgium (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Luxembourg (X%).

From 2012 to 2023, average annual rates of growth with regard to evaporated and condensed milk exports from the Netherlands stood at X%. Belgium experienced a relatively flat trend pattern. Luxembourg (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest evaporated and condensed milk supplying countries in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X), with a combined X% share of total exports.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports in Benelux

After two years of growth, supplies from abroad of evaporated and condensed milk decreased by X% to X tons in 2023. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, evaporated and condensed milk imports fell rapidly to $X in 2023. Overall, imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

The Netherlands was the main importer of evaporated and condensed milk in Benelux, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by Belgium (X tons), comprising a X% share of total imports. Luxembourg (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Luxembourg (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2023.

Luxembourg, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, shrinking by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform