Uzbekistan: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Uzbekistan

The Uzbek market for condensed or evaporated milk (sweetened) rose remarkably to $X in 2022, surging by 13% against the previous year. Overall, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Uzbekistan

In value terms, sweetened condensed and evaporated milk production surged to $X in 2022 estimated in export price. Over the period under review, production showed a prominent expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Uzbekistan

After two years of decline, shipments abroad of condensed or evaporated milk (sweetened) increased by 29,492% to X tons in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweetened condensed and evaporated milk exports skyrocketed to $X in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkmenistan (X tons) was the main destination for sweetened condensed and evaporated milk exports from Uzbekistan, with a 58% share of total exports. Moreover, sweetened condensed and evaporated milk exports to Turkmenistan exceeded the volume sent to the second major destination, Tajikistan (X tons), threefold. Georgia (X tons) ranked third in terms of total exports with a 12% share.

From 2017 to 2022, the average annual growth rate of volume to Turkmenistan amounted to +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+14.3% per year) and Georgia (0.0% per year).

In value terms, Turkmenistan ($X) emerged as the key foreign market for condensed or evaporated milk (sweetened) exports from Uzbekistan, comprising 63% of total exports. The second position in the ranking was taken by Georgia ($X), with a 14% share of total exports. It was followed by Azerbaijan, with a 12% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Turkmenistan stood at +96.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (0.0% per year) and Azerbaijan (0.0% per year).

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, growing by 54% against the previous year. Over the period under review, the export price posted a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+25.2%).

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Uzbekistan

In 2022, sweetened condensed and evaporated milk imports into Uzbekistan surged to X tons, increasing by 41% compared with 2021 figures. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 81% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk imports skyrocketed to $X in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to Uzbekistan, with a 75% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), fourfold. The third position in this ranking was taken by Ukraine (X tons), with a 4.3% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia totaled +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+58.3% per year) and Ukraine (-31.5% per year).

In value terms, Russia ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Uzbekistan, comprising 76% of total imports. The second position in the ranking was taken by Belarus ($X), with an 18% share of total imports. It was followed by Ukraine, with a 4% share.

From 2017 to 2022, the average annual growth rate of value from Russia amounted to +56.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+69.6% per year) and Ukraine (-22.0% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, growing by 53% against the previous year. In general, the import price enjoyed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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