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Revenue of baby food market in the EU increasing by 23%, points out study
Monday, 22 July, 2019, 08 : 00 AM [IST]
California
The revenue of the baby food market in the European Union amounted to $1.3 billion in 2018, increasing by 23% 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), according to a new report titled the EU - Food Preparations For Infants - Market Analysis, Forecast, Size, Trends And Insights, which was published recently by IndexBox AI Platform.

According to the report's key findings, baby food consumption continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018, with an increase of 23% y-o-y. Over the period under review, the baby food market attained its peak figure level at $2.5 billion in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Production in the EU
In 2018, baby food production in the European Union stood at 747K tonne, surging by 3.5% against the previous year. Baby food production continues to indicate a relatively flat trend pattern.

Exports in the EU
In 2018, baby food exports in the European Union stood at 855K tonne, dropping by -3.9% against the previous year. The total exports indicated a remarkable growth from 2007 to 2018: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analysed period.

In value terms, baby food exports stood at $6.9 billion in 2018. The baby food exports continue to indicate a prominent expansion. Over the period under review, baby food exports attained their peak figure in 2018, and are expected to retain its growth in the immediate term.

Exports by Country
In 2018, the Netherlands (232K tonne), distantly followed by Ireland (153K tonne), France (145K tonne), Germany (90K tonne), Poland (60K tonne) and Spain (55K tonne) were the largest exporters of food preparations for infants, together achieving 86% of total exports. Denmark (38K tonne) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland (+15.2% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($2.6 billion) remains the largest baby food supplier in the European Union, comprising 37% of global exports. The second position in the ranking was occupied by Ireland ($1.2 billion), with a 18% share of global exports. It was followed by France, with a 15% share.

Export Prices by Country
The baby food export price in the European Union stood at $8 per kg in 2018, surging by 11% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +4.2%.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was the Netherlands ($11 per kg), while Spain ($4.4 per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by the Netherlands (+7.2% per year), while the other leaders experienced more modest paces of growth.

Imports in the EU
In 2018, the amount of food preparations for infants imported in the European Union amounted to 378K tonne, shrinking by -8.1% against the previous year. The total imports indicated a strong expansion from 2007 to 2018: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analysed period. Based on 2018 figures, the baby food imports decreased by -15.5% against 2015 indices. The growth pace was the most rapid in 2008, when it surged by 21% y-o-y. The volume of imports peaked at 447K tonne in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, baby food imports amounted to $1.9 billion in 2018. The total imports indicated a remarkable growth from 2007 to 2018: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analysed period. Based on 2018 figures, the baby food imports decreased by -8.9% against 2015 indices. Over the period under review, baby food imports reached their peak figure at $2.1 billion in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country
Germany (69K tonne), the UK (51K tonne), the Netherlands (37K tonne), Italy (34K tonne), France (27K tonne), Belgium (25K tonne), Ireland (22K tonne), Poland (15K tonne), Greece (14K tonne), Spain (13K tonne), Sweden (12K tonne) and the Czech Republic (9.4K tonne) represented roughly 87% of total imports of food preparations for infants in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ireland (+25.4% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest baby food markets worldwide were Germany ($408 million), the UK ($263 million) and the Netherlands ($210 million), with a combined 47% share of total imports. These countries were followed by France, Ireland, Poland, Spain, Italy, the Czech Republic, Greece, Belgium and Sweden, which together accounted for a further 38%.

Import Prices by Country
The baby food import price in the European Union stood at $5 per kg in 2018, growing by 6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was France ($7.1 per kg), while Italy ($2 per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by France (+7.1% per year), while the other leaders experienced more modest paces of growth.

 
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