Key Market Indicators
Macedonian Dairy Products Sales are projected to reach approximately €167 million by 2028, rising from around €156 million in 2023. This growth represents a Compound Annual Growth Rate (CAGR) of 1.1%. Since 2016, the Macedonian market has experienced an annual increase of 3.1%. In 2023, Macedonia ranked 31st globally, with Bosnia and Herzegovina slightly ahead at €156 million. Germany, Italy, and the Netherlands occupied the second, third, and fourth positions, respectively, in this ranking. In terms of production, Macedonian Dairy Products are expected to hit €165 million by 2028, up from €146 million in 2023, reflecting a 2% year-on-year growth rate. Since 2016, the supply has consistently risen by 3.1% annually. In the 2023 rankings, Macedonia held the 30th spot, again trailing Bosnia and Herzegovina, which stood at €146 million. Germany, Italy, and the Netherlands maintained their positions as the second, third, and fourth highest producers, respectively.
