Southern Asia: Skim Milk Market 2024

Skim Milk Market Size in Southern Asia

In 2021, the South Asian skim milk market decreased by -11.2% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.5% against 2016 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Skim Milk Production in Southern Asia

In value terms, skim milk production declined dramatically to $X in 2021 estimated in export price. In general, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 76% against the previous year. As a result, production attained the peak level of $X, and then declined sharply in the following year.

India (X tons) constituted the country with the largest volume of skim milk production, accounting for 67% of total volume. Moreover, skim milk production in India exceeded the figures recorded by the second-largest producer, Afghanistan (X tons), sixfold. Bangladesh (X tons) ranked third in terms of total production with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in India stood at +6.4%. The remaining producing countries recorded the following average annual rates of production growth: Afghanistan (+2.1% per year) and Bangladesh (+2.1% per year).

Skim Milk Exports

Exports in Southern Asia

Skim milk exports soared to X tons in 2021, increasing by 92% on 2020 figures. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 453% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, skim milk exports skyrocketed to $X in 2021. Over the period under review, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 395% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Pakistan prevails in exports structure, recording X tons, which was near 88% of total exports in 2021. It was distantly followed by India (X tons), creating a 4.7% share of total exports. Sri Lanka (X tons) and Bangladesh (X tons) took a little share of total exports.

Pakistan was also the fastest-growing in terms of the skim milk exports, with a CAGR of +23.3% from 2012 to 2021. At the same time, Sri Lanka (+14.5%) and Bangladesh (+9.5%) displayed positive paces of growth. By contrast, India (-3.8%) illustrated a downward trend over the same period. While the share of Pakistan (+29 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-2.1 p.p.) and India (-24.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest skim milk supplier in Southern Asia, comprising 79% of total exports. The second position in the ranking was taken by India ($X), with an 8.6% share of total exports. It was followed by Sri Lanka, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Pakistan totaled +12.6%. In the other countries, the average annual rates were as follows: India (-6.2% per year) and Sri Lanka (-0.7% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, increasing by 5.9% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.2%), while the other leaders experienced a decline in the export price figures.

Skim Milk Imports

Imports in Southern Asia

In 2021, overseas purchases of skim milk were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 137% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, skim milk imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 178% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Afghanistan was the major importing country with an import of around X tons, which amounted to 65% of total imports. Maldives (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (5.7%) and Pakistan (5.2%). The following importers - India (X tons), Nepal (X tons) and Bhutan (X tons) - together made up 6.1% of total imports.

Imports into Afghanistan increased at an average annual rate of +18.4% from 2012 to 2021. At the same time, Pakistan (+22.4%), India (+18.5%), Bangladesh (+9.7%) and Maldives (+5.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +22.4% from 2012-2021. By contrast, Bhutan (-3.8%) and Nepal (-33.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Afghanistan, Maldives, Pakistan, Bangladesh and India increased by +52, +6.7, +4.4, +3.4 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X) constitutes the largest market for imported skim milk in Southern Asia, comprising 52% of total imports. The second position in the ranking was held by Maldives ($X), with a 22% share of total imports. It was followed by Bangladesh, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Afghanistan amounted to +7.3%. In the other countries, the average annual rates were as follows: Maldives (+3.6% per year) and Bangladesh (+17.0% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, declining by -21.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 41%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by Nepal (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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