Central Asia: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Central Asia

The Central Asian evaporated and condensed milk market dropped to $X in 2022, falling by -6% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Evaporated And Condensed Milk in Central Asia

In value terms, evaporated and condensed milk production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 217% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Kyrgyzstan (X tons), Kazakhstan (X tons) and Mongolia (X tons), together comprising 98% of total production.

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of +9.2%), while production for the other leaders experienced more modest paces of growth.

Exports of Evaporated And Condensed Milk

Exports in Central Asia

In 2022, the amount of evaporated and condensed milk exported in Central Asia surged to X tons, picking up by 147% compared with 2021 figures. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,109% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports surged to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 1,041% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uzbekistan was the main exporter of evaporated and condensed milk in Central Asia, with the volume of exports amounting to X tons, which was near 58% of total exports in 2022. Kazakhstan (X tons) held the second position in the ranking, distantly followed by Kyrgyzstan (X tons). All these countries together held approx. 41% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan (with a CAGR of +55.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk supplying countries in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X), together comprising 100% of total exports.

Uzbekistan, with a CAGR of +73.3%, recorded the highest growth rate of 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, growing by 7.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 24%. 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 failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+11.6%), while the other leaders experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports in Central Asia

In 2022, approx. X tons of evaporated and condensed milk were imported in Central Asia; which is down by -2.7% against the previous year's figure. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by 12% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, evaporated and condensed milk imports soared to $X in 2022. In general, imports continue to indicate a deep downturn. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan dominates imports structure, accounting for X tons, which was near 82% of total imports in 2022. Mongolia (X tons), Uzbekistan (X tons), Kyrgyzstan (X tons), Tajikistan (X tons) and Turkmenistan (X tons) took a little share of total imports.

Imports into Kazakhstan decreased at an average annual rate of -8.1% from 2012 to 2022. At the same time, Uzbekistan (+100.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +100.6% from 2012-2022. By contrast, Mongolia (-1.5%), Tajikistan (-8.1%), Kyrgyzstan (-11.9%) and Turkmenistan (-22.6%) illustrated a downward trend over the same period. While the share of Kazakhstan (+7.1 p.p.), Uzbekistan (+3.8 p.p.) and Mongolia (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-12.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported evaporated and condensed milk in Central Asia, comprising 85% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 4.6% share of total imports. It was followed by Kyrgyzstan, with a 3.6% share.

In Kazakhstan, evaporated and condensed milk imports decreased by an average annual rate of -6.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+118.1% per year) and Kyrgyzstan (-8.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, increasing by 31% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, evaporated and condensed milk import price increased by +75.7% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($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 (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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