CIS: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in CIS

The CIS evaporated and condensed milk market was estimated at $X in 2022, increasing by 2.8% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Evaporated And Condensed Milk in CIS

In value terms, evaporated and condensed milk production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 34%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Belarus (X tons), Russia (X tons) and Moldova (X tons), with a combined 90% share of total production. Kyrgyzstan and Kazakhstan lagged somewhat behind, together comprising a further 9.5%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Kyrgyzstan (with a CAGR of +7.4%), while production for the other leaders experienced more modest paces of growth.

Exports of Evaporated And Condensed Milk

Exports in CIS

In 2022, evaporated and condensed milk exports in the CIS contracted to X tons, with a decrease of -10.6% on the previous year. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 17%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports contracted to $X in 2022. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 31%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus represented the main exporter of evaporated and condensed milk in the CIS, with the volume of exports recording X tons, which was approx. 76% of total exports in 2022. It was distantly followed by Russia (X tons), achieving a 23% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to evaporated and condensed milk exports from Belarus stood at -6.9%. Russia (-6.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus decreased by -2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest evaporated and condensed milk supplier in the CIS, comprising 81% of total exports. The second position in the ranking was held by Russia ($X), with an 18% share of total exports.

In Belarus, evaporated and condensed milk exports plunged by an average annual rate of -6.5% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by 4.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 14%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.4%).

Imports of Evaporated And Condensed Milk

Imports in CIS

In 2022, the amount of evaporated and condensed milk imported in the CIS expanded notably to X tons, picking up by 8.2% compared with the year before. Overall, imports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 47%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, evaporated and condensed milk imports rose sharply to $X in 2022. In general, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the largest importing country with an import of about X tons, which finished at 69% of total imports. It was distantly followed by Kazakhstan (X tons), generating a 19% share of total imports. Azerbaijan (X tons), Belarus (X tons) and Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to evaporated and condensed milk imports into Russia stood at -3.0%. At the same time, Belarus (+17.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +17.9% from 2012-2022. Armenia and Azerbaijan experienced a relatively flat trend pattern. By contrast, Kazakhstan (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Belarus increased by +6.7 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported evaporated and condensed milk in the CIS, comprising 65% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 22% share of total imports. It was followed by Azerbaijan, with a 4.2% share.

In Russia, evaporated and condensed milk imports shrank by an average annual rate of -3.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (-6.1% per year) and Azerbaijan (+8.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, increasing by 5.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 16%. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Armenia ($X per ton), while Belarus ($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 (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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