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

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

The Uzbek market for condensed or evaporated milk (unsweetened) reached $X in 2021, surging by 9.3% against the previous year. Overall, consumption showed a strong increase. Unsweetened condensed and evaporated milk consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Uzbekistan

In value terms, unsweetened condensed and evaporated milk production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Uzbekistan

In 2021, shipments abroad of condensed or evaporated milk (unsweetened) increased by 1.7% to X tons, rising for the third consecutive year after three years of decline. Overall, total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +114.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 107%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports stood at $X in 2021. Over the period under review, total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +117.4% against 2018 indices. The growth pace was the most rapid in 2019 when exports increased by 117% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Afghanistan (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Uzbekistan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan stood at +1.3%.

In value terms, Afghanistan ($X) also remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Uzbekistan.

From 2012 to 2021, the average annual growth rate of value to Afghanistan stood at +1.6%.

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, reducing by -1.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 16%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2012 to 2021, the rate of growth in terms of prices for Afghanistan amounted to +0.3% per year.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Uzbekistan

In 2021, unsweetened condensed and evaporated milk imports into Uzbekistan soared to X tons, picking up by 193% on the previous year. Overall, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 1,323% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,709% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Belarus (X tons) constituted the largest supplier of unsweetened condensed and evaporated milk to Uzbekistan, accounting for a 74% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Belarus exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Belarus totaled +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+24.7% per year) and Russia (+20.0% per year).

In value terms, Belarus ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Uzbekistan, comprising 73% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belarus totaled +38.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+53.7% per year) and Russia (+28.4% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, dropping by -23.6% against the previous year. Over the period under review, the import price, however, recorded notable growth. The growth pace was the most rapid in 2015 an increase of 40%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied noticeably 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 Ukraine (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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