Central Asia: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in Central Asia

The Central Asian skim powdered milk market surged to $X in 2022, picking up by X% against the previous year. The total consumption indicated a modest increase 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 2019 indices. 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.

Skim Powdered Milk Production in Central Asia

In value terms, skim powdered milk production expanded to $X in 2022 estimated in export price. Over the period under review, production posted a tangible expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Skim Powdered Milk Exports

Exports in Central Asia

In 2022, after four years of growth, there was significant decline in overseas shipments of skim powdered milk, when their volume decreased by X% to X tons. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, skim powdered milk exports shrank to $X in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, Kyrgyzstan (X tons) and Kazakhstan (X tons) was the key exporter of skim powdered milk in Central Asia, achieving X% of total export.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%).

In value terms, Kazakhstan ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Kazakhstan, with a CAGR of X%, saw the highest growth rate of 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, surging by X% against the previous year. Export price indicated a slight increase 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, skim powdered milk export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Skim Powdered Milk Imports

Imports in Central Asia

In 2022, imports of skim powdered milk in Central Asia surged to X tons, with an increase of X% on the previous year. Total imports indicated a noticeable increase from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, skim powdered milk imports surged to $X in 2022. Total imports indicated notable 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 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Kazakhstan represented the major importer of skim powdered milk in Central Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), committing a X% share of total imports. The following importers - Mongolia (X tons) and Kyrgyzstan (X tons) - each accounted for a X% share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of skim powdered milk. At the same time, Uzbekistan (X%), Mongolia (X%) and Kyrgyzstan (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. While the share of Uzbekistan (X p.p.), Mongolia (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

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

In Kazakhstan, skim 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: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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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