Ukraine: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Ukraine

In 2022, after three years of growth, there was significant decline in the Ukrainian buttermilk and buttermilk powder market, when its value decreased by -17.9% to $X. Overall, consumption continues to indicate a sharp slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in Ukraine

In value terms, buttermilk and buttermilk powder production fell to $X in 2022 estimated in export price. Over the period under review, production faced a sharp curtailment. The growth pace was the most rapid in 2019 when the production volume increased by 608% against the previous year. Buttermilk and buttermilk powder production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Ukraine

In 2022, overseas shipments of buttermilk and buttermilk powder decreased by -24.4% to X tons, falling for the third consecutive year after three years of growth. Overall, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2018 with an increase of 55%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder exports contracted notably to $X in 2022. Over the period under review, exports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2018 when exports increased by 154%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Moldova (X tons) was the main destination for buttermilk and buttermilk powder exports from Ukraine, accounting for a 86% share of total exports. Moreover, buttermilk and buttermilk powder exports to Moldova exceeded the volume sent to the second major destination, Kazakhstan (X tons), eightfold. The third position in this ranking was held by Georgia (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to Moldova stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-6.7% per year) and Georgia (-0.4% per year).

In value terms, the largest markets for buttermilk and buttermilk powder exported from Ukraine were Moldova ($X), Kazakhstan ($X) and the United Arab Emirates ($X), together comprising 97% of total exports.

Among the main countries of destination, Moldova, with a CAGR of +4.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, dropping by -20.2% against the previous year. Overall, the export price, however, saw slight growth. The most prominent rate of growth was recorded in 2018 an increase of 64% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Ukraine

After five years of growth, purchases abroad of buttermilk and buttermilk powder decreased by -25.9% to X tons in 2022. In general, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of 63% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder imports contracted remarkably to $X in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 61% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest buttermilk and buttermilk powder supplier to Ukraine, accounting for a 76% share of total imports. Moreover, buttermilk and buttermilk powder imports from Belgium exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Belarus (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +130.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+75.1% per year) and Belarus (-25.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of buttermilk and buttermilk powder to Ukraine, comprising 78% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at +107.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+70.3% per year) and Germany (+0.6% per year).

Import Prices by Country

In 2022, the average buttermilk and buttermilk powder import price amounted to $X per ton, which is down by -2.8% against the previous year. In general, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in 2016 an increase of 17%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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