CIS: Cream Market 2021

Cream Market Size in CIS

In 2020, the CIS cream market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Cream Production in CIS

In value terms, cream production rose slightly to $X in 2020 estimated in export prices. The total production indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Production By Country in CIS

The countries with the highest volumes of cream production in 2020 were Russia (X tons), Kazakhstan (X tons) and Uzbekistan (X tons), together comprising X% of total production. These countries were followed by Belarus, Tajikistan and Armenia, which together accounted for a further X 2007 to 2020, the biggest increases were in Belarus, while cream production for the other leaders experienced more modest paces of growth.

Cream Exports

Exports in CIS

Cream exports dropped to X tons in 2020, waning by -X% on the year before. In general, exports faced a deep contraction. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, cream exports fell to $X in 2020. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Russia (X tons) represented roughly X% of total exports of cream in 2020.

Russia was also the fastest-growing in terms of the cream exports, with a CAGR of -X% from 2007 to 2020. From 2007 to 2020, the share of Russia increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest cream supplier in the CIS.

In Russia, cream exports decreased by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

The cream export price in the CIS stood at $X per ton in 2020, approximately reflecting 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 2008 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to -X% per year.

Cream Imports

Imports in CIS

For the ninth consecutive year, the CIS recorded growth in supplies from abroad of cream, which increased by X% to X tons in 2020. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the near future.

In value terms, cream imports amounted to $X in 2020. Total imports indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2011 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Russia prevails in cream imports structure, accounting for X tons, which was approx. X% of total imports in 2020. The following importers - Kyrgyzstan (X tons), Moldova (X tons), Azerbaijan (X tons), Kazakhstan (X tons) and Belarus (X tons) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to cream imports into Russia stood at +X%. At the same time, Azerbaijan (+X%), Moldova (+X%), Kyrgyzstan (+X%) and Belarus (+X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2020. Kazakhstan experienced a relatively flat trend pattern. While the share of Azerbaijan (+X p.p.) and Moldova (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Kazakhstan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Kazakhstan ($X) and Kyrgyzstan ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports. These countries were followed by Moldova, Azerbaijan and Belarus, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the cream import price in the CIS amounted to $X per ton, declining by -X% against the previous year. Overall, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, import prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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