Dairy Spread Market Overview in the European Union
In value terms, dairy spread production amounted to $641M in 2010 estimated in export prices. Overall, dairy spread production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2010 when production volume decreased by -3.6% y-o-y. The level of dairy spread production peaked at $846M in 2007; however, from 2008 to 2010, production remained at a lower figure.
The UK (79K tonnes) remains the largest dairy spread producing country in the European Union, accounting for 40% of total production. Moreover, dairy spread production in the UK exceeded the figures recorded by the region's second-largest producer, Belgium (20K tonnes), fourfold. The third position in this ranking was occupied by the Netherlands (15K tonnes), with a 7.6% share.
From 2007 to 2010, the average annual rate of growth in terms of volume in the UK stood at -6.4%. The remaining producing countries recorded the following average annual rates of production growth: Belgium (-5.1% per year) and the Netherlands (-10.7% per year).
The revenue of the dairy spread market in the European Union amounted to $744M in 2010, therefore, remained relatively stable 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 an abrupt descent. The pace of growth was the most pronounced in 2010 with an increase of 0.6% against the previous year. Over the period under review, the dairy spread market reached its maximum level at $883M in 2007; however, from 2008 to 2010, consumption failed to regain its momentum.
In the UK, dairy spread consumption increased at an average annual rate of +1.9% over the period from 2007-2010. In the other countries, the average annual rates were as follows: the Netherlands (-11.6% per year) and France (-1.8% per year).
In value terms, the UK ($303M) led the market, alone. The second position in the ranking was occupied by the Netherlands ($62M). It was followed by Belgium.
In the UK, the dairy spread market remained relatively stable over the period from 2007-2010. The remaining consuming countries recorded the following average annual rates of market growth: the Netherlands (-10.6% per year) and Belgium (-4.0% per year).
The countries with the highest levels of dairy spread per capita consumption in 2010 were the UK (1,635 kg per 1000 persons), Belgium (992 kg per 1000 persons) and Croatia (930 kg per 1000 persons).
From 2007 to 2010, the most notable rate of growth in terms of dairy spread per capita consumption, amongst the main consuming countries, was attained by Croatia, while the other leaders experienced mixed trends in the per capita consumption figures.