India: Dairy Produce Market 2024

Dairy Produce Market Size in India

The Indian dairy produce market rose modestly to $X in 2022, surging by X% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Dairy produce consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Dairy Produce Production in India

In value terms, dairy produce production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Dairy produce production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Dairy Produce Exports

Exports from India

In 2022, overseas shipments of dairy produce increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dairy produce exports soared to $X in 2022. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for dairy produce exports from India, accounting for a X% share of total exports. Moreover, dairy produce exports to Bangladesh exceeded the volume sent to the second major destination, Bhutan (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (X% per year) and the United Arab Emirates (X% per year).

In value terms, Bangladesh ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the largest markets for dairy produce exported from India worldwide, together comprising X% of total exports. Bahrain, Qatar, the United States, Bhutan, Singapore, Morocco, Indonesia, Oman, Kuwait and Nepal lagged somewhat behind, together comprising a further X%.

Bhutan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dairy produce export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into India

In 2022, supplies from abroad of dairy produce was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, dairy produce imports soared to $X in 2022. In general, imports, however, recorded a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Italy (X tons) and Denmark (X tons) were the main suppliers of dairy produce imports to India, together accounting for X% of total imports. The UK, New Zealand, Poland, Estonia, the Netherlands, the United Arab Emirates, Vietnam, Germany, Indonesia and Ireland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and the UK ($X) appeared to be the largest dairy produce suppliers to India, together comprising X% of total imports. Denmark, the Netherlands, Estonia, Poland, New Zealand, Vietnam, Indonesia, Germany, the United Arab Emirates and Ireland lagged somewhat behind, together comprising a further X%.

Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average dairy produce import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy produce import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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