Concentrated sweetened milk and cream market in Spain

Earlier Report Observations

The market volume for concentrated sweetened milk and cream in Spain expanded steadily from 37 thousand tons in 2018 to 38 thousand tons in 2020, reflecting consistent demand amid general stability in the dairy sector.

A turning point arrived in 2021 when rising production costs for energy and raw materials squeezed milk supply chains, reducing domestic output and spurring higher imports to cover the shortfall, which pushed market volume above 41 thousand tons. The situation intensified in 2022 as the war in Ukraine and adverse weather conditions exacerbated raw material shortages, sending milk prices to record highs. While the physical volume remained near 41.7 thousand tons, the market value jumped 35% to USD 87.9 million due to these cost-driven price increases.

By 2023, growing export demand for concentrated milk diverted product abroad, reducing domestic availability and shrinking the market volume to 37 thousand tons. Simultaneously, industrial use in baking and confectionery gained traction due to the product’s longer shelf life and functional properties. In 2024, improved price‑cost margins and stable market conditions supported a recovery, with volume rebounding to 43 thousand tons and value reaching USD 109 million.

Production concentrated sweetened milk and cream in Spain

In value, 2017-2020, M $ US

In 2020, Spain's production of concentrated sweetened milk and cream was valued at 111.9 million US dollars, marking a significant increase of 19.7% compared to the previous year. Over the period from 2017 to 2020, production grew by 33.2%, with an average annual growth rate of 10.0%. The only decline during this period occurred in 2019, when production fell by 1.1%.

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

In kind, 2017-2020, t

From 2017 to 2020, Spain ranked 11th globally in the production of concentrated sweetened milk and cream.

Top producers of concentrated sweetened milk and cream, 2017-2020

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

Spain's production of concentrated sweetened milk and cream increased for the third consecutive year. In 2020, the country produced 68,376 tonnes, representing a robust rise of 14.6% compared to the previous year. Between 2017 and 2020, production grew by 37.9%, which translates to an annualized growth rate of 11.3%.

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

Exports concentrated sweetened milk and cream from Spain

Exports in kind, t

Exports of concentrated sweetened milk and cream from Spain increased for the third consecutive year. In 2020, exports totaled 39,969 tonnes, up 9.6% from 2019. Over the period from 2017 to 2020, exports rose by 75.5%, with an average annual growth rate of 20.6%.

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

From 2017 to 2020, Spain's exports of concentrated sweetened milk and cream were distributed across a wide range of partner countries. The top three destinations—Saudi Arabia (21.1% of exports), the United Kingdom (13.7%), and France (13.4%)—together accounted for 48.2% of total export volumes.

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

Exports of concentrated sweetened milk and cream from Spain increased for the third consecutive year. In 2020, the export value reached 76.694 million US dollars, up 12.0% from 2019. Between 2017 and 2020, exports grew by 60.3%, with an average annual growth rate of 17.0%.

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

Throughout 2017–2020, Spain's exports of concentrated sweetened milk and cream in value terms were not heavily concentrated on a few key markets. The top three destinations—Saudi Arabia (18.7% of export value), the United Kingdom (14.2%), and France (13.6%)—together represented only 46.5% of total export flows.

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 sweetened milk and cream to Spain

Imports in kind, t

After two years of growth, Spain's imports of concentrated sweetened milk and cream declined. In 2020, imports amounted to approximately 9,562 tonnes, a sharp reduction of 33.8% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 27.7%, with an average annual decline of 10.2%. The peak import volume was recorded in 2019 at 14,434 tonnes, while the largest increase occurred in 2018, with an 8.8% rise.

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

From 2017 to 2020, Germany (33.4% of import volumes), the Netherlands (16.2%), and Belgium (14.7%) formed the key group of partners for Spain's imports of concentrated sweetened milk and cream, together accounting for 64.3% of total import flows.

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 sweetened milk and cream declined for the second consecutive year. In 2020, the import value was 23.920 million US dollars, reflecting a decrease of 23.2% compared to 2019. Between 2017 and 2020, imports fell by 12.3%, equating to an annualized decline of 4.3%. The highest import value was recorded in 2018 at 31.975 million US dollars, which also saw the largest increase of 17.2%.

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

From 2017 to 2020, Germany (25.5% of import value), Belgium (22.1%), and Denmark (20.7%) were the main sources for Spain's imports of concentrated sweetened milk and cream in value terms, together accounting for 68.3% of total import flows.

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

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