Central Asia: Powdered Milk Market 2024

Powdered Milk Market Size in Central Asia

The Central Asian powdered milk market skyrocketed to $X in 2022, picking up by X% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Powdered Milk Production in Central Asia

In value terms, powdered milk production rose modestly to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Kazakhstan (X tons) remains the largest powdered milk producing country in Central Asia, comprising approx. X% of total volume. Moreover, powdered milk production in Kazakhstan exceeded the figures recorded by the second-largest producer, Kyrgyzstan (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Kazakhstan stood at X%.

Powdered Milk Exports

Exports in Central Asia

Powdered milk exports amounted to X tons in 2022, increasing by X% compared with the year before. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, powdered milk exports rose modestly to $X in 2022. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Kazakhstan (X tons) was the main exporter of powdered milk, constituting X% of total exports. It was distantly followed by Kyrgyzstan (X tons), comprising a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the powdered milk exports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan increased by X percentage points.

In value terms, the largest powdered milk supplying countries in Central Asia were Kazakhstan ($X) and Kyrgyzstan ($X).

Among the main exporting countries, Kazakhstan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%).

Powdered Milk Imports

Imports in Central Asia

Powdered milk imports skyrocketed to X tons in 2022, growing by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, powdered milk imports skyrocketed to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Kazakhstan (X tons) was the key importer of powdered milk, comprising X% of total imports. Mongolia (X tons) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%). Kyrgyzstan (X tons) and Turkmenistan (X tons) followed a long way behind the leaders.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of powdered milk. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Mongolia (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Kyrgyzstan and Mongolia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported powdered milk in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Mongolia ($X), with an X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Kazakhstan, powdered milk imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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