Southern Asia: Milk Market 2024

Milk Market Size in Southern Asia

The South Asian milk market totaled $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period 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 reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Milk Production in Southern Asia

In value terms, milk production expanded to $X in 2022 estimated in export price. In general, production continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The country with the largest volume of milk production was India (X tons), comprising approx. X% of total volume. Moreover, milk production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%.

Milk Exports

Exports in Southern Asia

In 2022, shipments abroad of milk decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports saw a deep slump. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, milk exports shrank to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, India (X tons) represented the largest exporter of milk, mixing up X% of total exports. It was distantly followed by Pakistan (X tons), making up a X% share of total exports.

India was also the fastest-growing in terms of the milk exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest milk supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with an X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

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

Milk Imports

Imports in Southern Asia

For the fifth consecutive year, Southern Asia recorded decline in supplies from abroad of milk, which decreased by X% to X tons in 2022. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, milk imports declined rapidly to $X in 2022. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan represented the main importer of milk in Southern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Maldives (X tons), committing an X% share of total imports. Nepal (X tons) and Bangladesh (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to milk imports into Afghanistan stood at X%. At the same time, Bangladesh (X%) and Maldives (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Nepal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Maldives and Bangladesh increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Afghanistan, milk imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, showed a deep setback. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 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 Bangladesh ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :