Dairy Spread Market Overview in the European Union
In value terms, dairy spread production totaled $ in 2018 estimated in export prices. In general, dairy spread production, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2013 with an increase of % year-to-year. The level of dairy spread production peaked at $ in 2007; however, from 2008 to 2018, production failed to regain its momentum.
The country with the largest volume of dairy spread production was the UK ( tonnes), accounting for % of total volume. Moreover, dairy spread production in the UK exceeded the figures recorded by the second-largest producer, France ( tonnes), threefold. The Czech Republic ( tonnes) ranked third in terms of total production with a % share.
In the UK, dairy spread production shrank by an average annual rate of -% over the period from 2007-2018. In the other countries, the average annual rates were as follows: France (+% per year) and the Czech Republic (+% per year).
The revenue of the dairy spread market in the European Union amounted to $ in 2018, going up 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). Overall, dairy spread consumption continues to indicate a mild deduction. The growth pace was the most rapid in 2013 with an increase of % year-to-year. Over the period under review, the dairy spread market reached its maximum level at $ in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.
From 2007 to 2018, the average annual growth rate of volume in the UK totaled -%. The remaining consuming countries recorded the following average annual rates of consumption growth: the Czech Republic (+% per year) and France (+% per year).
In value terms, the UK ($), France ($) and the Czech Republic ($) appeared to be the countries with the highest levels of market value in 2018, with a combined % share of the total market. The Netherlands, Belgium, Germany, Sweden, Greece, Slovakia, Hungary, Croatia and Romania lagged somewhat behind, together comprising a further %.
Among the main consuming countries, Romania recorded the highest rates of growth with regard to market size, over the period under review, while dairy spread market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of dairy spread per capita consumption in 2018 were the Czech Republic ( kg per persons), Slovakia ( kg per persons) and the UK ( kg per persons).
From 2007 to 2018, the most notable rate of growth in terms of dairy spread per capita consumption, amongst the main consuming countries, was attained by Romania, while dairy spread per capita consumption for the other leaders experienced more modest paces of growth.