Southern Asia: Cream Market 2021

Cream Market Size in Southern Asia

The South Asian cream market reached $X in 2020, surging by X% against the previous year. The total consumption indicated a perceptible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Cream Production in Southern Asia

In value terms, cream production rose slightly to $X in 2020 estimated in export prices. The total production indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2020 and is likely to continue growth in years to come.

Production By Country in Southern Asia

The countries with the highest volumes of cream production in 2020 were Pakistan (X tons), Bangladesh (X tons) and Afghanistan (X tons), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of cream production, amongst the key producing countries, was attained by Afghanistan, while cream production for the other leaders experienced more modest paces of growth.

Cream Exports

Exports in Southern Asia

In 2020, cream exports in Southern Asia declined dramatically to X tons, waning by -X% on 2019 figures. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The volume of export peaked at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, cream exports reduced remarkably to $X in 2020. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, India (X tons) represented the major exporter of cream in Southern Asia, making up X% of total export.

India was also the fastest-growing in terms of the cream exports, with a CAGR of -X% from 2007 to 2020. From 2007 to 2020, the share of India increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cream supplier in Southern Asia.

In India, cream exports shrank by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

In 2020, the cream export price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cream export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2020, the rate of growth in terms of prices for India amounted to +X% per year.

Cream Imports

Imports in Southern Asia

In 2020, the amount of cream imported in Southern Asia soared to X tons, jumping by X% compared with the year before. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, cream imports surged to $X in 2020. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. The level of import peaked in 2020 and is expected to retain growth in the near future.

Imports by Country

Afghanistan dominates cream imports structure, finishing at X tons, which was near X% of total imports in 2020. Maldives (X tons), Bhutan (X tons) and Pakistan (X tons) held a relatively small share of total imports.

Afghanistan was also the fastest-growing in terms of the cream imports, with a CAGR of +X% from 2007 to 2020. At the same time, Pakistan (+X%), Maldives (+X%) and Bhutan (+X%) displayed positive paces of growth. Afghanistan (+X p.p.) significantly strengthened its position in terms of the total imports, while Maldives and Bhutan saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X) constitutes the largest market for imported cream in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Bhutan ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

In Afghanistan, cream imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Bhutan (+X% per year) and Maldives (+X% per year).

Import Prices by Country

The cream import price in Southern Asia stood at $X per ton in 2020, almost unchanged from the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the import price increased by X% year-to-year. The level of import peaked in 2020 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Bhutan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bhutan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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