Russian Federation: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in the Russian Federation

The Russian market for condensed or evaporated milk (sweetened) was estimated at $X in 2022, growing by 3% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Sweetened) in the Russian Federation

In value terms, sweetened condensed and evaporated milk production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a precipitous curtailment. The growth pace was the most rapid in 2017 with an increase of 75%. Sweetened condensed and evaporated milk production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from the Russian Federation

After five years of decline, shipments abroad of condensed or evaporated milk (sweetened) increased by 9.1% to X tons in 2022. In general, exports, however, showed a deep setback. The growth pace was the most rapid in 2016 with an increase of 33%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk exports totaled $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 26%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for sweetened condensed and evaporated milk exports from Russia, with a 43% share of total exports. Moreover, sweetened condensed and evaporated milk exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+26.6% per year) and Ukraine (+62.5% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for condensed or evaporated milk (sweetened) exports from Russia, comprising 44% of total exports. The second position in the ranking was held by Ukraine ($X), with a 17% share of total exports. It was followed by Belarus, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan stood at -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+64.0% per year) and Belarus (+20.6% per year).

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, which is down by -7.1% against the previous year. Overall, the export price recorded a slight reduction. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Georgia ($X per ton), while the average price for exports to Kyrgyzstan ($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 (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into the Russian Federation

In 2022, the amount of condensed or evaporated milk (sweetened) imported into Russia rose remarkably to X tons, with an increase of 6.7% on the previous year. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk imports expanded to $X in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 46%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belarus (X tons) was the main supplier of sweetened condensed and evaporated milk to Russia, accounting for a 97% share of total imports. It was followed by Kazakhstan (X tons), with a 3.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Belarus amounted to +2.7%.

In value terms, Belarus ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Russia, comprising 96% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 3.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus amounted to +1.3%.

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, which is down by -3.3% against the previous year. In general, the import price saw a mild shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($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 Kazakhstan (-1.2%).

Source: IndexBox Platform

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