Italy - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in Italy - 2023
Contents:
- Price for Sweetened Condensed and Evaporated Milk in Italy (CIF) - 2023
- Price for Sweetened Condensed and Evaporated Milk in Italy (FOB) - 2023
- Imports of Sweetened Condensed and Evaporated Milk in Italy
- Exports of Sweetened Condensed and Evaporated Milk in Italy
Price for Sweetened Condensed and Evaporated Milk in Italy (CIF) - 2023
The average import price for condensed or evaporated milk (sweetened) stood at $3,493 per ton in May 2023, picking up by 7% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 50% month-to-month. The import price peaked at $3,734 per ton in January 2023; however, from February 2023 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($5,009 per ton), while the price for Slovakia ($2,702 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sweetened Condensed and Evaporated Milk in Italy (FOB) - 2023
The average export price for condensed or evaporated milk (sweetened) stood at $5,224 per ton in June 2023, increasing by 8.5% against the previous month. In general, export price indicated a slight expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, sweetened condensed and evaporated milk export price increased by +121.0% against February 2023 indices. The growth pace was the most rapid in December 2022 an increase of 82% m-o-m. Over the period under review, the average export prices attained the peak figure at $6,169 per ton in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($9,550 per ton), while the average price for exports to the Netherlands ($1,236 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sweetened Condensed and Evaporated Milk in Italy
For the fourth year in a row, Italy recorded growth in supplies from abroad of condensed or evaporated milk (sweetened), which increased by 10% to 6.2K tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, sweetened condensed and evaporated milk imports soared to $17M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Sweetened Condensed and Evaporated Milk in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.1 | 2.6 | 5.5 | 6.5 | 28.0% |
| Germany | 2.7 | 3.5 | 4.6 | 5.0 | 22.8% |
| Spain | 1.8 | 2.9 | 1.8 | 3.3 | 22.4% |
| France | 0.1 | 0.1 | 1.1 | 0.9 | 108.0% |
| Slovakia | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Netherlands | 1.5 | 0.7 | 0.7 | 0.3 | -41.5% |
| Slovenia | 0.2 | 0.1 | 0.1 | 0.3 | 14.5% |
| Others | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Total | 10.0 | 10.3 | 14.5 | 17.2 | 19.8% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to Italy in 2022:
- Germany (2199.0 tons)
- Belgium (1811.3 tons)
- Spain (1452.3 tons)
- Slovakia (232.0 tons)
- France (223.5 tons)
- Netherlands (103.1 tons)
- Slovenia (100.7 tons)
Exports of Sweetened Condensed and Evaporated Milk in Italy
Sweetened condensed and evaporated milk exports from Italy dropped remarkably to 366 tons in 2022, with a decrease of -27.8% against the year before. Over the period under review, total exports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.6% 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 +21.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 507 tons, and then fell markedly in the following year.
In value terms, sweetened condensed and evaporated milk exports shrank to $1.3M in 2022. In general, exports showed a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of $1.5M, and then contracted in the following year.
| Export of Sweetened Condensed and Evaporated Milk in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | N/A | N/A | 455 | 0% |
| Lebanon | 39.5 | 147 | 211 | 137 | 51.4% |
| Switzerland | 7.1 | 15.0 | 17.1 | 102 | 143.1% |
| Greece | 36.0 | 27.8 | 71.7 | 93.2 | 37.3% |
| Belgium | 39.6 | 166 | 175 | 54.4 | 11.2% |
| Ukraine | 1.1 | 1.1 | 425 | 52.1 | 261.8% |
| Slovenia | 15.6 | 1.3 | 86.4 | 50.6 | 48.0% |
| Lithuania | N/A | N/A | 0.1 | 49.3 | 49200.0% |
| Netherlands | N/A | N/A | 7.2 | 32.5 | 351.4% |
| Spain | 292 | 60.7 | 25.7 | 29.1 | -53.6% |
| Philippines | N/A | N/A | 5.7 | 19.5 | 242.1% |
| China | 423 | 132 | 150 | 17.1 | -65.7% |
| Libya | 57.9 | 94.8 | 6.4 | N/A | -66.8% |
| Others | 554 | 425 | 360 | 225 | -25.9% |
| Total | 1,466 | 1,070 | 1,541 | 1,318 | -3.5% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from Italy in 2022:
- Qatar (149.2 tons)
- Belgium (26.5 tons)
- Switzerland (24.2 tons)
- Netherlands (22.8 tons)
- Philippines (22.5 tons)
- Lebanon (19.9 tons)
- Ukraine (17.2 tons)
- China (14.4 tons)
- Slovenia (13.9 tons)
- Lithuania (10.7 tons)
- Greece (7.5 tons)
- Spain (5.3 tons)
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Italy. 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 889 - Whole Milk, Condensed
- FCL 896 - Skim Milk, Condensed
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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