In 2023, Albania had the highest nominal expenditure on milk, cheese, and eggs relative to GDP among European countries analyzed, with positive year-on-year growth. Bosnia and Herzegovina and Lithuania showed negative trends, while Greece and Switzerland demonstrated strong positive growth. The United Kingdom experienced the highest increase, indicating shifting consumer preferences or economic factors. Over the past five years, several countries showed consistent incremental growth, but Ireland experienced a significant decline.
In the future, watch for potential impacts of economic recovery on consumer spending, shifts in dietary habits towards plant-based alternatives, and sustainability trends affecting dairy consumption. Additionally, economic policies within the EU may alter expenditure patterns.
Top countries in Milk, Cheese and Eggs Nominal Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Albania | 5.2 | 2023 | +1.96% | +0.39% | View data |
| 2 | 2 Bosnia and Herzegovina | 4.3 | 2023 | -2.27% | -1.76% | View data |
| 3 | 3 Macedonia | 3.6 | 2023 | -2.7% | +0.57% | View data |
| 4 | 4 Montenegro | 3.3 | 2023 | -2.94% | 0% | View data |
| 5 | 5 Serbia | 2.4 | 2023 | 0% | -0.81% | View data |
| 6 | 6 Romania | 2.4 | 2023 | 0% | +1.76% | View data |
| 7 | 7 Lithuania | 2.1 | 2023 | 0% | -0.93% | View data |
| 8 | 8 Greece | 2 | 2023 | 0% | +2.13% | View data |
| 9 | 9 Slovakia | 2 | 2023 | 0% | +4.56% | View data |
| 10 | 10 Estonia | 1.9 | 2023 | 0% | 0% | View data |
