Southern Asia: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Southern Asia

The South Asian buttermilk and buttermilk powder market shrank slightly to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in Southern Asia

In value terms, buttermilk and buttermilk powder production fell slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports in Southern Asia

For the third consecutive year, Southern Asia recorded decline in overseas shipments of buttermilk and buttermilk powder, which decreased by -15.4% to X tons in 2022. In general, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 54%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder exports shrank to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) and Pakistan (X tons) represented roughly 89% of total exports in 2022. It was distantly followed by Bangladesh (X tons), constituting an 11% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bangladesh (with a CAGR of +38.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Pakistan ($X), India ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

Among the main exporting countries, Bangladesh, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by 9.5% against the previous year. Overall, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.3%), while the other leaders experienced a decline in the export price figures.

Imports of Buttermilk And Buttermilk Powder

Imports in Southern Asia

In 2022, approx. X tons of buttermilk and buttermilk powder were imported in Southern Asia; approximately equating the year before. In general, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2016 when imports increased by 32%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, buttermilk and buttermilk powder imports fell to $X in 2022. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 27%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Maldives represented the major importer of buttermilk and buttermilk powder in Southern Asia, with the volume of imports accounting for X tons, which was approx. 50% of total imports in 2022. Afghanistan (X tons) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (17%). Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bhutan (with a CAGR of +19.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), Afghanistan ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, with a combined 96% share of total imports. Bhutan lagged somewhat behind, comprising a further 1.9%.

In terms of the main importing countries, Bhutan, with a CAGR of +17.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, shrinking by -8% against the previous year. Overall, the import price continues to indicate a noticeable setback. The growth pace was the most rapid in 2015 an increase of 18%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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