Kazakhstan: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Kazakhstan

The Kazakh evaporated and condensed milk market amounted to $X in 2022, rising by 3.3% against the previous year. Overall, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Evaporated And Condensed Milk in Kazakhstan

In value terms, evaporated and condensed milk production rose remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -7.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Kazakhstan

In 2022, approx. X tons of evaporated and condensed milk were exported from Kazakhstan; growing by 35% against the previous year's figure. Over the period under review, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 608% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, evaporated and condensed milk exports soared to $X in 2022. Overall, exports posted measured growth. The most prominent rate of growth was recorded in 2017 with an increase of 355% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for evaporated and condensed milk exports from Kazakhstan, with a 53% share of total exports. Moreover, evaporated and condensed milk exports to Kyrgyzstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. Russia (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Kyrgyzstan totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+16.3% per year) and Russia (-6.4% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for evaporated and condensed milk exports from Kazakhstan, comprising 58% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 19% share of total exports. It was followed by Russia, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kyrgyzstan totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+24.9% per year) and Russia (-4.6% per year).

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2022, increasing by 11% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, evaporated and condensed milk export price increased by +108.5% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Turkmenistan ($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 Uzbekistan (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Kazakhstan

Evaporated and condensed milk imports into Kazakhstan fell slightly to X tons in 2022, waning by -3.8% compared with the previous year's figure. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2013 when imports increased by 17% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, evaporated and condensed milk imports surged to $X in 2022. Over the period under review, imports showed a abrupt slump. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons) and Belarus (X tons) were the main suppliers of evaporated and condensed milk imports to Kazakhstan.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of -7.2%).

In value terms, the largest evaporated and condensed milk suppliers to Kazakhstan were Russia ($X) and Belarus ($X).

Among the main suppliers, Belarus, with a CAGR of -5.3%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average evaporated and condensed milk import price stood at $X per ton in 2022, surging by 33% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, evaporated and condensed milk import price increased by +62.5% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+2.1%).

Source: IndexBox Platform

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