Southern Asia: Dairy Produce Market 2024

Dairy Produce Market Size in Southern Asia

The South Asian dairy produce market totaled $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Dairy Produce Production in Southern Asia

In value terms, dairy produce production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Dairy Produce Exports

Exports in Southern Asia

In 2022, approx. X tons of dairy produce were exported in Southern Asia; falling by X% against 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, dairy produce exports soared to $X in 2022. Overall, exports, however, posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X tons), constituting a X% share of total exports. Bangladesh (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest dairy produce supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

In India, dairy produce exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Dairy Produce Imports

Imports in Southern Asia

In 2022, imports of dairy produce in Southern Asia dropped to X tons, with a decrease of X% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, dairy produce imports fell to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Bangladesh was the key importer of dairy produce in Southern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Sri Lanka (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Afghanistan (X%), Maldives (X%) and Pakistan (X%).

From 2012 to 2022, average annual rates of growth with regard to dairy produce imports into Bangladesh stood at X%. At the same time, Maldives (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Afghanistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh and Maldives increased by X and X percentage points, respectively.

In value terms, Bangladesh ($X) constitutes the largest market for imported dairy produce in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Maldives, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Bangladesh stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Maldives (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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