Central Asia: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Central Asia

The Central Asian market for powdered, condensed or evaporated milk amounted to $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Central Asia

In value terms, powdered, condensed or evaporated milk production shrank to $X in 2022 estimated in export price. The total production indicated prominent 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Kazakhstan (X tons), Kyrgyzstan (X tons) and Mongolia (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Exports of Powdered, Condensed Or Evaporated Milk

Exports in Central Asia

Powdered, condensed or evaporated milk exports rose markedly to X tons in 2022, growing by X% against 2021 figures. Over the period under review, exports recorded resilient growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, powdered, condensed or evaporated milk exports stood at $X in 2022. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Kazakhstan (X tons) represented the main exporter of powdered, condensed or evaporated milk, creating X% of total exports. It was distantly followed by Kyrgyzstan (X tons), committing a X% share of total exports. Uzbekistan (X tons) held a little share of total exports.

Kazakhstan was also the fastest-growing in terms of the powdered, condensed or evaporated milk exports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Kazakhstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest powdered, condensed or evaporated milk supplying countries in Central Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X), with a combined X% share of total exports.

Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Powdered, Condensed Or Evaporated Milk

Imports in Central Asia

In 2022, the amount of powdered, condensed or evaporated milk imported in Central Asia amounted to X tons, increasing by X% against 2021 figures. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the major importer of powdered, condensed or evaporated milk in Central Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Mongolia (X tons) and Uzbekistan (X tons), together generating a X% share of total imports. The following importers - Turkmenistan (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons) - each recorded a X% share of total imports.

Imports into Kazakhstan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Mongolia (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. By contrast, Tajikistan (X%), Kyrgyzstan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Mongolia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at X%. In the other countries, the average annual rates were as follows: 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. Import price indicated a tangible expansion from 2012 to 2022: its price 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, powdered, condensed or evaporated milk import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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