Concentrated milk and cream market in Spain

Earlier Report Observations

The Spanish concentrated milk and cream market expanded steadily from 55 022 t in 2018 to a peak of 77 364 t in 2022. This growth occurred despite significant pressure on the domestic milk supply chain in 2022, when high animal feed and energy costs reduced overall milk production. The market's volume continued to increase, supported by adjustments in the supply base.

In 2023, the market's physical volume contracted sharply to 59 045 t, while its value rose to 142.8 million $ US, signaling a shift toward higher-value products. This transition was driven by industry innovation, notably the launch of Pascual's 'Pastor de Aranda'—a new buttermilk-based beverage—and investments in processing technology for goat's milk, which aimed to diversify the dairy product range and capture more value from raw milk.

By 2024, market volume recovered to 72 616 t, nearing its previous peak, and the market value surged to 190.7 million $ US. This rebound completed a cycle where the market consolidated around a more value-oriented structure following the earlier cost shocks and product diversification efforts.

Production concentrated milk and cream in Spain

In value, 2017-2020, M $ US

In 2020, Spain's concentrated milk and cream production was valued at 158.8 million US dollars, marking a 24.3% increase compared to 2019. Over the 2017-2020 period, production grew by 25.2%, with a compound annual growth rate of 7.8%. The most significant decline occurred in 2019, when output fell by 6.8%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

In kind, 2017-2020, t

From 2017 to 2020, Spain ranked as the 15th largest producer of concentrated milk and cream globally.

Top producers of concentrated milk and cream, 2017-2020

World map of production of concentrated milk and cream, 2017-2020

Spain's concentrated milk and cream production increased for the third consecutive year. In 2020, the country produced 96 961 tonnes, up 20.6% from the previous year. Over the 2017-2020 period, production rose by 40.6%, with a compound annual growth rate of 12.0%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports concentrated milk and cream from Spain

Exports in kind, t

Spain's concentrated milk and cream exports grew for the third consecutive year. In 2020, exports reached 43 018 tonnes, a 9.3% increase compared to 2019. Between 2017 and 2020, exports surged by 50%, equivalent to an annualized growth rate of 14.5%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, France (20.9% of exports in volume), Saudi Arabia (18.9%), and the United Kingdom (12.3%) remained the top buyers of Spain's concentrated milk and cream, collectively accounting for 52.1% of total export volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

In 2020, Spain exported 82 727 thousand US dollars worth of concentrated milk and cream, a 10.8% rise from the previous year. Between 2017 and 2020, export value increased by 31.8%, with an annualized growth rate of 9.6%. The largest decline occurred in 2019, when exports fell by 2.5%, while the most significant increase was in 2018, with a 22.0% jump.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

From 2017 to 2020, France (22.9% of export value), Saudi Arabia (16.3%), and the United Kingdom (12.5%) formed the primary market cluster for Spain's concentrated milk and cream exports, together representing 51.7% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports concentrated milk and cream to Spain

Imports in kind, t

Spain's imports of concentrated milk and cream declined for the second consecutive year. In 2020, imports totaled 11 667 tonnes, down 29.1% from 2019. Over the 2017-2020 period, imports decreased by 24.2%, with a compound annual decline rate of 8.8%. The peak volume was recorded in 2018 at 17 414 tonnes, which also saw the largest increase of 13.2%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, Germany (37.4% of import volume), the Netherlands (15.1%), and France (12.7%) continued as the main suppliers of concentrated milk and cream to Spain, jointly making up 65.2% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

Spain's imports of concentrated milk and cream fell for the second consecutive year. In 2020, import value stood at 27 668 thousand US dollars, a sharp 20.4% contraction from the previous year. Over the 2017-2020 period, imports decreased by 9.7%, with a compound annual decline rate of 3.3%. The highest value was recorded in 2018 at 35 766 thousand US dollars, which also experienced the largest increase of 16.8%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

Throughout 2017-2020, Germany (30.4% of import value), Belgium (19.6%), and Denmark (18.5%) remained the key markets for Spain's concentrated milk and cream imports, collectively accounting for 68.6% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020