CIS: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in CIS

The CIS evaporated and condensed milk market fell to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Evaporated And Condensed Milk in CIS

In value terms, evaporated and condensed milk production dropped modestly to $X in 2022 estimated in export price. In general, production, however, saw 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, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Belarus (X tons), Russia (X tons) and Moldova (X tons), with a combined X% share of total production. Kyrgyzstan and Kazakhstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Kyrgyzstan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Exports of Evaporated And Condensed Milk

Exports in CIS

In 2022, exports of evaporated and condensed milk in the CIS dropped to X tons, shrinking by X% against the previous year. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk exports reduced modestly to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belarus (X tons) represented the major exporter of evaporated and condensed milk, making up X% of total exports. It was distantly followed by Russia (X tons), committing a X% share of total exports.

Exports from Belarus decreased at an average annual rate of X% from 2012 to 2022. Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest evaporated and condensed milk supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

In Belarus, evaporated and condensed milk exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

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

Imports of Evaporated And Condensed Milk

Imports in CIS

In 2022, the amount of evaporated and condensed milk imported in the CIS fell dramatically to X tons, shrinking by X% compared with 2021 figures. Overall, imports faced a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, evaporated and condensed milk imports contracted markedly to $X in 2022. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) was the major importer of evaporated and condensed milk, creating X% of total imports. It was distantly followed by Azerbaijan (X tons), Belarus (X tons), Armenia (X tons) and Moldova (X tons), together constituting a X% share of total imports. The following importers - Uzbekistan (X tons) and Kyrgyzstan (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to evaporated and condensed milk imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Armenia, Moldova and Azerbaijan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. While the share of Kazakhstan (X p.p.), Azerbaijan (X p.p.), Belarus (X p.p.), Armenia (X p.p.), Moldova (X p.p.) and Uzbekistan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported evaporated and condensed milk in the CIS, comprising X% of total imports. The second position in the ranking was held by Azerbaijan ($X), with a X% share of total imports. It was followed by Armenia, with a X% share.

In Kazakhstan, evaporated and condensed milk imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Azerbaijan (X% per year) and Armenia (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 Moldova ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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