CIS: Powdered Milk Market 2024

Powdered Milk Market Size in CIS

In 2022, the CIS powdered milk market increased by 8.7% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a mild decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Powdered Milk Production in CIS

In value terms, powdered milk production amounted to $X in 2022 estimated in export price. In general, production, however, showed a mild setback. The growth pace was the most rapid in 2013 with an increase of 65% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Belarus (X tons) remains the largest powdered milk producing country in the CIS, accounting for 58% of total volume. Moreover, powdered milk production in Belarus exceeded the figures recorded by the second-largest producer, Russia (X tons), twofold. Kazakhstan (X tons) ranked third in terms of total production with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Belarus totaled +2.7%. The remaining producing countries recorded the following average annual rates of production growth: Russia (-2.8% per year) and Kazakhstan (+5.7% per year).

Powdered Milk Exports

Exports in CIS

In 2022, shipments abroad of powdered milk decreased by -2.4% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, powdered milk exports soared to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 71%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belarus dominates exports structure, finishing at X tons, which was near 93% of total exports in 2022. The following exporters - Kazakhstan (X tons) and Russia (X tons) - together made up 5.3% of total exports.

Exports from Belarus increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Kazakhstan (+47.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +47.5% from 2012-2022. By contrast, Russia (-2.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan increased by +3.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest powdered milk supplier in the CIS, comprising 95% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Belarus totaled +3.8%. In the other countries, the average annual rates were as follows: Kazakhstan (+41.8% per year) and Russia (-2.7% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, growing by 26% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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 Belarus ($X per ton), while Kazakhstan ($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 (+0.3%), while the other leaders experienced a decline in the export price figures.

Powdered Milk Imports

Imports in CIS

In 2022, overseas purchases of powdered milk were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, powdered milk imports totaled $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 81% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the main importer of powdered milk, generating 65% of total imports. Kazakhstan (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Armenia (7.3%). Uzbekistan (X tons) and Moldova (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of powdered milk. At the same time, Uzbekistan (+49.0%), Armenia (+21.4%) and Moldova (+1.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +49.0% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Armenia and Uzbekistan increased by +6.2 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported powdered milk in the CIS, comprising 62% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 23% share of total imports. It was followed by Armenia, with an 8% share.

In Russia, powdered milk imports contracted by an average annual rate of -2.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+0.4% per year) and Armenia (+21.0% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with an increase of 1.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Moldova ($X per ton) and Kazakhstan ($X per ton), while Russia ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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