CIS: Cream Fresh Market 2024

Cream Fresh Market Size in CIS

The CIS cream fresh market expanded remarkably to $X in 2022, picking up by 8.1% against the previous year. Overall, consumption, however, recorded a deep reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cream Fresh Production in CIS

In value terms, cream fresh production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 27%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The country with the largest volume of cream fresh production was Russia (X tons), accounting for 76% of total volume. Moreover, cream fresh production in Russia exceeded the figures recorded by the second-largest producer, Belarus (X tons), sixfold.

In Russia, cream fresh production plunged by an average annual rate of -5.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (+5.7% per year) and Kazakhstan (+6.2% per year).

Cream Fresh Exports

Exports in CIS

In 2022, the amount of cream fresh exported in the CIS stood at X tons, growing by 3.8% against the previous year. Over the period under review, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 61%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, cream fresh exports reached $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Belarus represented the key exporter of cream fresh in the CIS, with the volume of exports accounting for X tons, which was approx. 80% of total exports in 2022. It was distantly followed by Russia (X tons), mixing up a 17% share of total exports. Kyrgyzstan (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cream fresh exports from Belarus stood at +13.2%. At the same time, Kyrgyzstan (+104.3%) and Russia (+11.3%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +104.3% from 2012-2022. From 2012 to 2022, the share of Kyrgyzstan increased by +2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest cream fresh supplier in the CIS, comprising 83% of total exports. The second position in the ranking was held by Russia ($X), with a 15% share of total exports.

In Belarus, cream fresh exports increased at an average annual rate of +14.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+8.0% per year) and Kyrgyzstan (+76.7% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 31% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 Belarus ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.8%), while the other leaders experienced a decline in the export price figures.

Cream Fresh Imports

Imports in CIS

In 2022, purchases abroad of cream fresh was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 75%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cream fresh imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 107% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Russia represented the largest importer of cream fresh in the CIS, with the volume of imports resulting at X tons, which was approx. 59% of total imports in 2022. Armenia (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (11%) and Belarus (5.2%). Azerbaijan (X tons), Moldova (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Armenia (+72.4%), Azerbaijan (+26.6%), Belarus (+22.3%), Moldova (+19.7%), Kazakhstan (+17.7%) and Kyrgyzstan (+6.8%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +72.4% from 2012-2022. While the share of Armenia (+17 p.p.), Kazakhstan (+5.9 p.p.), Belarus (+3.7 p.p.) and Azerbaijan (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-30.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported cream fresh in the CIS, comprising 56% of total imports. The second position in the ranking was taken by Armenia ($X), with an 18% share of total imports. It was followed by Kazakhstan, with a 13% share.

In Russia, cream fresh imports increased at an average annual rate of +4.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Armenia (+68.0% per year) and Kazakhstan (+19.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, surging by 3.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 38%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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