Ukraine: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Ukraine

After two years of growth, the Ukrainian market for condensed or evaporated milk (unsweetened) decreased by -3.1% to $X in 2021. Overall, consumption, however, recorded a abrupt contraction. Unsweetened condensed and evaporated milk consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Ukraine

In value terms, unsweetened condensed and evaporated milk production shrank to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 27% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Ukraine

In 2021, shipments abroad of condensed or evaporated milk (unsweetened) decreased by -2.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 2,867% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports fell to $X in 2021. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 3,536%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Guyana (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Ukraine, accounting for a 77% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Guyana exceeded the volume sent to the second major destination, Israel (X tons), more than tenfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guyana amounted to +204.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-5.3% per year) and Saudi Arabia (-13.9% per year).

In value terms, Guyana ($X) emerged as the key foreign market for condensed or evaporated milk (unsweetened) exports from Ukraine, comprising 68% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 8.8% share of total exports. It was followed by Israel, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Guyana totaled +222.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-11.5% per year) and Israel (-6.4% per year).

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, shrinking by -9.2% against the previous year. Over the period under review, the export price saw a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 182% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Ukraine

For the fifth year in a row, Ukraine recorded growth in overseas purchases of condensed or evaporated milk (unsweetened), which increased by 132% to X tons in 2021. In general, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belarus (X tons), Poland (X tons) and Russia (X kg) were the main suppliers of unsweetened condensed and evaporated milk imports to Ukraine, together accounting for 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +17.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Belarus ($X) and Russia ($X) were the largest unsweetened condensed and evaporated milk suppliers to Ukraine, together accounting for 21% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +26.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, picking up by 6.7% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 12%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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