Russian Federation: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in the Russian Federation

For the third consecutive year, the Russian market for powdered, evaporated and condensed milk recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption showed a noticeable descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Powdered, Evaporated And Condensed Milk in the Russian Federation

In value terms, powdered, evaporated and condensed milk production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Powdered, evaporated and condensed milk production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from the Russian Federation

After five years of decline, shipments abroad of powdered, evaporated and condensed milk increased by X% to X tons in 2022. In general, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports contracted to $X in 2022. Overall, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for powdered, evaporated and condensed milk exports from Russia, accounting for a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Kazakhstan exceeded the volume sent to the second major destination, Ukraine (X tons), sevenfold. Belarus (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a slight setback. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Moldova ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powdered, Evaporated And Condensed Milk

Imports into the Russian Federation

For the third consecutive year, Russia recorded decline in overseas purchases of powdered, evaporated and condensed milk, which decreased by X% to X tons in 2022. In general, imports saw a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports declined to $X in 2022. Overall, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Belarus (X tons) was the main powdered, evaporated and condensed milk supplier to Russia, with a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from Belarus exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Belarus totaled X%.

In value terms, Belarus ($X) constituted the largest supplier of powdered, evaporated and condensed milk to Russia, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus stood at X%.

Import Prices by Country

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a mild setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Belarus stood at $X per ton.

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

Source: IndexBox Platform

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