Central Asia: Lactose Market 2024

Lactose Market Size in Central Asia

The Central Asian lactose market expanded rapidly to $X in 2022, with an increase of 5.4% against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Lactose Production in Central Asia

In value terms, lactose production expanded slightly to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 -4.1% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Lactose Exports

Exports in Central Asia

Lactose exports declined markedly to X tons in 2022, reducing by -69.7% on 2021 figures. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 1,681% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, lactose exports shrank significantly to $X in 2022. Overall, exports faced a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 2,659%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mongolia represented the largest exporting country with an export of about X tons, which accounted for 90% of total exports. It was distantly followed by Kazakhstan (X kg), comprising a 10% share of total exports.

Exports from Mongolia decreased at an average annual rate of -2.6% from 2013 to 2022. At the same time, Kazakhstan (+24.4%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +24.4% from 2013-2022. From 2013 to 2022, the share of Mongolia and Kazakhstan increased by +44 and +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lactose supplying countries in Central Asia were Mongolia ($X) and Kazakhstan ($X).

Kazakhstan, with a CAGR of +36.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, declining by -59.2% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 an increase of 55% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Kazakhstan ($X per ton), while Mongolia stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+10.0%).

Lactose Imports

Imports in Central Asia

In 2022, after two years of growth, there was significant decline in overseas purchases of lactose and lactose syrup, when their volume decreased by -7.8% to X tons. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 123%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, lactose imports skyrocketed to $X in 2022. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 153%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) was the key importer of lactose and lactose syrup, committing 46% of total imports. Uzbekistan (X tons) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Turkmenistan (13%) and Mongolia (11%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mongolia (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported lactose and lactose syrup in Central Asia, comprising 61% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 29% share of total imports. It was followed by Mongolia, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at +14.0%. In the other countries, the average annual rates were as follows: Uzbekistan (+3.7% per year) and Mongolia (+17.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, picking up by 49% against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. 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 Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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