Report Update: May 1, 2024

Sweden - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Powdered Milk Price in Sweden - 2023

Powdered Milk Price in Sweden (FOB) - 2023

The average powdered milk export price stood at $3,156 per ton in July 2023, growing by 4.5% against the previous month. In general, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 6.4% month-to-month. The export price peaked at $4,157 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In July 2023, the countries with the highest prices were Oman ($3,475 per ton) and the Netherlands ($3,098 per ton), while the average price for exports to Germany ($2,768 per ton) and Egypt ($2,820 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-1.5%), while the prices for the other major destinations experienced a decline.

Powdered Milk Price in Sweden (CIF) - 2023

In July 2023, the average powdered milk import price amounted to $3,912 per ton, increasing by 5.8% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 14% m-o-m. The import price peaked at $4,999 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($5,726 per ton), while the price for Poland ($3,074 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%), while the prices for the other major suppliers experienced a decline.

Powdered Milk Exports in Sweden

In 2022, approx. 79K tons of powdered milk were exported from Sweden; surging by 1.9% on 2021. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, powdered milk exports skyrocketed to $309M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Export of Powdered Milk in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Oman	13.6	60.8	74.1	84.9	84.1%
China	17.7	22.0	54.3	50.8	42.1%
Netherlands	40.9	31.2	28.9	49.6	6.6%
Germany	16.1	23.7	25.9	30.0	23.1%
Egypt	14.0	9.7	18.3	14.8	1.9%
Spain	9.0	6.7	6.7	10.8	6.3%
Denmark	7.6	5.2	4.3	8.4	3.4%
Ghana	1.1	1.9	4.8	8.1	94.5%
Lebanon	5.2	2.2	1.4	7.1	10.9%
South Africa	3.7	3.0	4.3	6.7	21.9%
Ireland	4.2	6.7	N/A	5.3	8.1%
Italy	3.3	1.2	2.7	4.8	13.3%
Others	30.8	19.0	22.4	27.3	-3.9%
Total	167	193	248	309	22.8%

Top Export Markets for Powdered Milk from Sweden in 2022:

Oman (20.9K tons)
China (12.9K tons)
Netherlands (12.4K tons)
Germany (8.6K tons)
Egypt (3.8K tons)
Spain (2.6K tons)
Denmark (2.6K tons)
Ghana (2.3K tons)
South Africa (1.7K tons)
Lebanon (1.7K tons)
Italy (1.4K tons)
Ireland (1.2K tons)

Powdered Milk Imports in Sweden

In 2022, after two years of decline, there was significant growth in overseas purchases of powdered milk, when their volume increased by 23% to 10K tons. In general, imports, however, showed a pronounced reduction.

In value terms, powdered milk imports skyrocketed to $42M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Powdered Milk in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4.8	6.7	8.0	13.5	41.2%
Finland	6.4	8.8	7.8	9.6	14.5%
Denmark	12.4	5.1	4.5	6.3	-20.2%
France	3.7	0.5	1.5	5.8	16.2%
Netherlands	6.1	8.2	6.4	3.7	-15.4%
Portugal	0.6	0.7	0.7	1.2	26.0%
Poland	N/A	N/A	N/A	1.0	0%
Others	3.0	2.3	0.9	0.6	-41.5%
Total	36.9	32.4	29.9	41.6	4.1%

Top Suppliers of Powdered Milk to Sweden in 2022:

Germany (4.0K tons)
Finland (2.4K tons)
Denmark (1.8K tons)
France (1.2K tons)
Netherlands (0.6K tons)
Portugal (0.2K tons)
Poland (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the powdered milk market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023