Skimmed milk Market Overview in the United Kingdom
In value terms, skimmed milk production rose sharply to $ in 2019 estimated in export prices. Overall, the total production indicated a slight increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.
The average yield of skimmed milk in the UK amounted to kg per head in 2019, leveling off at the previous year. Overall, the yield recorded a relatively flat trend pattern.
The number of animals slaughtered for skimmed milk production in the UK was estimated at head in 2019, stabilizing at the previous year's figure. In general, the number of producing animals continues to indicate a relatively flat trend pattern.
The value of the skimmed milk market in the UK declined to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.