Armenia: Skimmed Milk Market 2020

Skimmed Milk Market Size in Armenia

The revenue of the skimmed milk market in Armenia amounted to $X in 2018, lowering by -X% 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). Over the period under review, skimmed milk consumption continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, the skimmed milk market attained its peak level of $X, and then declined slightly in the following year.

Skimmed Milk Exports

Exports from Armenia

In 2018, the skimmed milk exports from Armenia amounted to X tons, lowering by -X% against the previous year. Overall, skimmed milk exports, however, continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, skimmed milk exports attained their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, skimmed milk exports stood at $X in 2018. Over the period under review, skimmed milk exports, however, continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Armenia exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the U.S. (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons) and France (X tons) represented the largest exporters of skimmed milk, together achieving X% of total exports. Australia (X tons), Saudi Arabia (X tons), Belarus (X tons), Poland (X tons), Ireland (X tons) and Uruguay (X tons) took a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to skimmed milk exports from New Zealand stood at +X%. At the same time, Uruguay (+X%), Saudi Arabia (+X%), the U.S. (+X%), Belgium (+X%), Poland (+X%), Germany (+X%), the Netherlands (+X%), Belarus (+X%), Ireland (+X%) and France (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Australia experienced a relatively flat trend pattern. While the share of New Zealand (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.), Belgium (+X p.p.), Saudi Arabia (+X p.p.) and Uruguay (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest skimmed milk supplier from Armenia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In New Zealand, skimmed milk exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the skimmed milk export price in Armenia amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the skimmed milk export price continues to indicate a moderate decrease. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. In that year, the export prices for skimmed milk reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for skimmed milk failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced a decline in the export price figures.

Skimmed Milk Imports

Imports into Armenia

Skimmed milk imports into Armenia amounted to X tons in 2018, declining by -X% against the previous year. Overall, skimmed milk imports, however, continue to indicate a conspicuous expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. In that year, skimmed milk imports reached their peak of X tons, and then declined slightly in the following year.

In value terms, skimmed milk imports stood at $X in 2018. Over the period under review, skimmed milk imports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. In that year, skimmed milk imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, China (X tons), followed by Algeria (X tons) and Mexico (X tons) represented the key importers of skimmed milk, together comprising X% of total imports. The United Arab Emirates (X tons), Belgium (X tons), the Netherlands (X tons), the Philippines (X tons), Russia (X tons), Saudi Arabia (X tons), Indonesia (X tons), China, Macao SAR (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Macao SAR, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Algeria ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Saudi Arabia, Russia, the United Arab Emirates, the Netherlands, Indonesia, Belgium, Malaysia, the Philippines, China, Macao SAR and Armenia lagged somewhat behind, together accounting for a further X, Macao SAR experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The skimmed milk import price in Armenia stood at $X per ton in 2018, declining by -X% against the previous year. Overall, the skimmed milk import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the import price increased by X% year-to-year. Over the period under review, the import prices for skimmed milk reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Algeria ($X per ton), while China, Macao SAR ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform