IndexBox, Inc. has just published a new report “World – Cream Fresh – Market Analysis, Forecast, Size, Trends and Insights“. Here is a summary of the report’s key findings.
Cream fresh Imports
In 2017, the amount of cream fresh imported worldwide stood at 11M tonnes, growing by 5% against the previous year figure. The total import volume increased at an average annual rate of +3.5% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2011, when import increased by 8% year-to-year. Over the period under review, cream fresh imports reached its maximum volume in 2017, and are expected to retain its growth in the near future.
In value terms, cream fresh imports totaled $5.9B in 2017. The total import value increased at an average annual rate of +1.8% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. Global import peaked of $6.5B in 2014; however, from 2015 to 2017, it failed to regain its strength.
Cream fresh Imports By Country
In 2017, Germany (2.8M tonnes) represented the major importer for cream fresh, making up 26% of total imports. Italy (1.1M tonnes) ranks second in terms of the global imports with a 11% share, followed by Belgium (10%), Ireland (6%), and the Netherlands (6%). China (467K tonnes), Lithuania (436K tonnes), Russia (274K tonnes), France (208K tonnes), Croatia (204K tonnes), Romania (199K tonnes), and the UK (181K tonnes) followed a long way behind the leaders.
From 2007 to 2017, average annual rates of growth with regard to cream fresh imports into Germany stood at +6.5%. At the same time, China (+40.4%), Croatia (+24.0%), Romania (+15.5%), Lithuania (+11.5%), Ireland (+11.0%), Russia (+9.7%), Belgium (+5.3%), and the Netherlands (+3.1%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer in the world, with a CAGR of +40.4% from 2007-2017. By contrast, the UK (-2.4%), Italy (-3.3%), and France (-7.6%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Italy, and France increased by 4%, and 2% percentage points, while Russia (-1.5%), Croatia (-1.7%), the Netherlands (-1.7%), Lithuania (-2.7%), Belgium (-3.8%), China (-4.2%), Ireland (-4.2%), and Germany (-12.0%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($1.2B) constitutes the largest market for imported cream fresh worldwide, making up 20% of global imports. The second position in the ranking was occupied by Italy ($534M), with the share of 9% of global imports. It was followed by Belgium, with the share of 7%.
From 2007 to 2017, the average annual growth rate of value of cream fresh imports in Germany amounted to +2.0%. In the other countries, the average annual rates were as follows: Italy (-4.8% per year) and Belgium (+2.8% per year).
Cream fresh Import Prices By Country
The average cream fresh import price stood at $553 per tonne in 2017, coming up by 13% against the previous year. Overall, cream fresh import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2011, when it surged by 16% year-to-year. Global import price peaked of $692 per tonne in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.
There were significant differences in the average import prices amongst major importing countries. In 2017, the country with the highest import price was China ($839 per tonne), while Ireland ($383 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by Russia (+1.8% per year), while the other global leaders experienced a decline in the import price figures.
Description
This report provides an in-depth analysis of the global cream fresh market. 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 2025.
Companies Mentioned
Estavayer Lait SA, Schwyzer Milchhuus AG, Dairy Farmers of America, Inc., FONTERRA LIMITED, INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD., China Mengniu Dairy Company Limited, Dean Foods Company, MEIJI CO., LTD., Beijing Shounong Food Group Co.,Ltd., MEGMILK SNOW BRAND CO.,LTD., MORINAGA MILK INDUSTRY CO., LTD., Tibet Nyingchi Gongbu Milks Co.,Ltd., Whitewave Foods Company, LD&D MILK PTY LTD, LION-DAIRY & DRINKS PTY LTD, DAIRY FARMERS PTY LIMITED, YAKULT HONSHA CO., LTD., MALANDA DAIRYFOODS PTY LIMITED, QUD PTY LTD, THE KING ISLAND COMPANY PTY LIMITED, Borden Dairy Company, ARLA FOODS LIMITED, Bright Dairy & Food Co.,Ltd., Mittelland Molkerei AG, Emmi Schweiz AG, Molkerei Biedermann AG.
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