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EU Dairy Sector Sees Steady Growth In Raw Milk Production In 2024

EU farms produced an estimated 161.8 million tonnes of raw milk in 2024, a modest increase of 0.9 million tonnes compared to 2023. This figure builds on a decade of steady growth, with production rising by 12.1 million tonnes since 2014, when output was 149.7 million tonnes. According to Eurostat, the trend underlines the resilience and expanding capacity of the EU dairy industry.

Dairy Consumption And Product Diversification

Of the total raw milk output, approximately 150.8 million tonnes were directed to dairies, underpinning the production of a diverse range of fresh and processed dairy products. Notably, much of the milk is allocated to cheese and butter manufacturing. Specifically, 59.9 million tonnes of whole milk, assisted by an additional 17.0 million tonnes of skimmed milk, were transformed into 10.8 million tonnes of cheese. Similarly, 44.2 million tonnes of whole milk facilitated the production of 2.3 million tonnes of butter and other yellow products, generating 41.5 million tonnes of skimmed milk as a by-product.

Leading National Contributors

Germany emerged as the EU’s largest producer of drinking milk, accountable for 18.8% of overall production and dominating the production of acidified milk products, butter, and cheese with respective shares of 27.1%, 20.6%, and 22.5%. Spain and France follow closely, with Spain contributing 15.2% and France 12.7% to the production of drinking milk. France also holds significant positions in the butter (17.2%) and cheese (17.8%) segments.

Niche Production And Strategic Specialization: The Case Of Cyprus

Cyprus remains a minor player within the EU dairy sector. Its modest agricultural base, constrained pastureland, and limited herd sizes yield relatively low production volumes—recording 56,310 tonnes for drinking milk, 12,440 tonnes for acidified milk products such as yoghurt, 0.050 tonnes for butter, and 42,550 tonnes for cheese. However, the island’s strategic focus on high-value cheese production, particularly halloumi, a Protected Designation of Origin (PDO) product, underscores its competitive niche in the market. With a high proportion of available milk being allocated to cheese, Cyprus exemplifies how specialization can drive export success, even amid constrained production capacities.

Strained Household Finances: Eurostat Data Reveals Persistent Payment Delays Across Europe and in Cyprus

Improved Financial Resilience Amid Ongoing Strains

Over the past decade, Cypriot households have significantly increased their ability to manage debts—not only bank loans but also rent and utility bills. However, recent Eurostat data indicates that Cyprus continues to lag behind the European average when it comes to covering financial obligations on time.

Household Coping Strategies and the Limits of Payment Flexibility

While many families are managing their fixed expenses with relative ease, one in three Cypriots struggles to cover unexpected costs. This delicate balancing act highlights how routine payments such as mortgage installments, rent, and utility bills are met, but precariously so, with little room for unplanned financial shocks.

Breaking Down Payment Delays Across the European Union

Eurostat reports that nearly 9.2% of the EU population experienced delays with their housing loans, rent, utility bills, or installment payments in 2024. The situation is more acute among vulnerable groups: 17.2% of individuals in single-parent households with dependent children and 16.6% in households with two adults managing three or more dependents faced payment delays. In every EU nation, single-parent households exhibited higher delay rates compared to the overall population.

Cyprus in the Crosshairs: High Rates of Financial Delays

Although Cyprus recorded a notable 19.1 percentage point improvement from 2015 to 2024 in delays related to mortgages, rent, and utility bills, the island nation still ranks among the top five countries with the highest delay rates. As of 2024, 12.5% of the Cypriot population had outstanding housing loans or rent and overdue utility bills. In contrast, Greece tops the list with 42.8%, followed by Bulgaria (18.7%), Romania (15.3%), Spain (14.2%), and other EU members. Notably, 19 out of 27 EU countries reported delay rates below 10%, with Czech Republic (3.4%) and Netherlands (3.9%) leading the pack.

Selective Improvements and Emerging Concerns

Between 2015 and 2024, the overall EU population saw a 2.6 percentage point decline in payment delays. Despite this, certain countries experienced increases: Luxembourg (+3.3 percentage points), Spain (+2.5 percentage points), and Germany (+2.0 percentage points) saw a rise in payment delays, reflecting underlying economic pressures that continue to challenge financial stability.

Economic Insecurity and the Unprepared for Emergencies

Another critical indicator explored by Eurostat is the prevalence of economic insecurity—the proportion of the population unable to handle unexpected financial expenses. In 2024, 30% of the EU population reported being unable to cover unforeseen costs, a modest improvement of 1.2 percentage points from 2023 and a significant 7.4 percentage point drop compared to a decade ago. In Cyprus, while 34.8% still report difficulty handling emergencies, this marks a drastic improvement from 2015, when the figure stood at 60.5%.

A Broader EU Perspective

Importantly, no EU country in 2024 had more than half of its population facing economic insecurity—a notable improvement from 2015, when over 50% of the population in nine countries reported such challenges. These figures underscore both progress and persistent vulnerabilities within European households, urging policymakers to consider targeted measures for enhancing financial resilience.

For further insights and detailed analysis, refer to the original reports on Philenews and Housing Loans.

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