Central Asia: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Central Asia

In 2021, after four years of growth, there was significant decline in the Central Asian market for condensed or evaporated milk (unsweetened), when its value decreased by -7.2% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Central Asia

In value terms, unsweetened condensed and evaporated milk production fell to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +32.5% against 2016 indices. The growth pace was the most rapid in 2013 when the production volume increased by 51% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in Central Asia

In 2021, overseas shipments of condensed or evaporated milk (unsweetened) increased by 1.8% to X tons, rising for the third year in a row after three years of decline. In general, exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2015 with an increase of 51%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports contracted to $X in 2021. Overall, exports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 64% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Uzbekistan (X tons) was the key exporter of condensed or evaporated milk (unsweetened), creating 85% of total exports. It was distantly followed by Kazakhstan (X tons), committing a 14% share of total exports.

Exports from Uzbekistan increased at an average annual rate of +1.3% from 2012 to 2021. At the same time, Kazakhstan (+21.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +21.7% from 2012-2021. Kazakhstan (+11 p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan saw its share reduced by -11.9% from 2012 to 2021, respectively.

In value terms, Uzbekistan ($X) remains the largest unsweetened condensed and evaporated milk supplier in Central Asia, comprising 77% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan stood at +1.6%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, reducing by -4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 31%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+0.3%).

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in Central Asia

In 2021, the amount of condensed or evaporated milk (unsweetened) imported in Central Asia totaled X tons, approximately mirroring the previous year. Overall, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by 46%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports amounted to $X in 2021. In general, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2013 when imports increased by 59% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of unsweetened condensed and evaporated milk imports in 2021 were Kazakhstan (X tons), together amounting to 100% of total import.

Kazakhstan was also the fastest-growing in terms of the condensed or evaporated milk (unsweetened) imports, with a CAGR of -5.7% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported condensed or evaporated milk (unsweetened) in Central Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan amounted to -7.0%.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, growing by 2.3% against the previous year. Overall, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2014 when the import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -1.4% per year.

Source: IndexBox Platform

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