CIS: Lactose Market 2024

Lactose Market Size in CIS

The CIS lactose market stood at $X in 2022, increasing by 2.1% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lactose Production in CIS

In value terms, lactose production rose to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lactose Exports

Exports in CIS

In 2022, shipments abroad of lactose and lactose syrup increased by 50% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2015 with an increase of 70% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, lactose exports surged to $X in 2022. Overall, exports recorded a mild expansion. The pace of growth was the most pronounced in 2015 with an increase of 52%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X tons) and Russia (X tons) represented the major exporters of lactose and lactose syrup in 2022, reaching near 37% and 36% of total exports, respectively. It was distantly followed by Moldova (X tons), creating a 21% share of total exports. Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Moldova (with a CAGR of +65.1%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest lactose supplier in the CIS, comprising 57% of total exports. The second position in the ranking was held by Belarus ($X), with a 23% share of total exports. It was followed by Moldova, with a 17% share.

In Russia, lactose exports expanded at 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 (-8.3% per year) and Moldova (+54.3% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, shrinking by -20.4% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 when the export price increased by 21%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-6.3%), while the other leaders experienced a decline in the export price figures.

Lactose Imports

Imports in CIS

In 2022, supplies from abroad of lactose and lactose syrup increased by 8% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 32%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, lactose imports reached $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 25%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Russia (X tons) represented the main importer of lactose and lactose syrup, generating 80% of total imports. It was distantly followed by Belarus (X tons), committing a 19% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lactose imports into Russia stood at +4.7%. At the same time, Belarus (+6.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +6.7% from 2012-2022. Belarus (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -3.6% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported lactose and lactose syrup in the CIS, comprising 76% of total imports. The second position in the ranking was held by Belarus ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +3.9%.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, shrinking by -5.3% against the previous year. Overall, the import price recorded a slight setback. The growth pace was the most rapid in 2017 an increase of 20%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, 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 Russia (-0.8%).

Source: IndexBox Platform

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