Central Asia: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Central Asia

The Central Asian market for powdered, evaporated and condensed milk rose markedly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Powdered, Evaporated And Condensed Milk in Central Asia

In value terms, powdered, evaporated and condensed milk production fell to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Central Asia

For the eighth year in a row, Central Asia recorded growth in shipments abroad of powdered, evaporated and condensed milk, which increased by X% to X tons in 2022. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, powdered, evaporated and condensed milk exports expanded significantly to $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Kazakhstan was the major exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Kyrgyzstan (X tons), making up a X% share of total exports. Uzbekistan (X tons) took a relatively small share of total exports.

Kazakhstan was also the fastest-growing in terms of the powdered, evaporated and condensed milk exports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Kazakhstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Powdered, Evaporated And Condensed Milk

Imports in Central Asia

In 2022, powdered, evaporated and condensed milk imports in Central Asia totaled X tons, growing by X% compared with the previous year. In general, imports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan was the main importer of powdered, evaporated and condensed milk in Central Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Mongolia (X tons) and Uzbekistan (X tons), together achieving a X% share of total imports. The following importers - Turkmenistan (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to powdered, evaporated and condensed milk imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Tajikistan (X%), Kyrgyzstan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Mongolia (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Turkmenistan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported powdered, evaporated and condensed milk in Central Asia, comprising X% of total imports. The second position in the ranking was held by Mongolia ($X), with a X% share of total imports. It was followed by Uzbekistan, with an X% share.

In Kazakhstan, powdered, evaporated and condensed milk imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mongolia (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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