CIS: Dairy Spread Market 2024

Dairy Spread Market Size in CIS

After three years of growth, the CIS dairy spread market decreased by -3.1% to $X in 2022. Overall, consumption, however, continues to indicate 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 stood at a somewhat lower figure.

Dairy Spread Production in CIS

In value terms, dairy spread production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Dairy Spread Exports

Exports in CIS

In 2022, dairy spread exports in the CIS was estimated at X tons, with an increase of 13% on the previous year's figure. Over the period under review, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by 58% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy spread exports skyrocketed to $X in 2022. Overall, exports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus was the major exporting country with an export of about X tons, which recorded 89% of total exports. It was distantly followed by Russia (X tons), generating an 11% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dairy spread exports from Belarus stood at -8.8%. At the same time, Russia (+2.9%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +2.9% from 2012-2022. From 2012 to 2022, the share of Russia increased by +7.4 percentage points.

In value terms, Belarus ($X) remains the largest dairy spread supplier in the CIS, comprising 95% of total exports. The second position in the ranking was taken by Russia ($X), with a 5.3% share of total exports.

In Belarus, dairy spread exports shrank by an average annual rate of -4.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, increasing by 14% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread export price increased by +8.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 49%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.0%).

Dairy Spread Imports

Imports in CIS

In 2022, the amount of dairy spreads imported in the CIS was estimated at X tons, picking up by 2.1% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, dairy spread imports amounted to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 83%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, accounting for X tons, which was approx. 79% of total imports in 2022. Moldova (X tons) took the second position in the ranking, followed by Kazakhstan (X tons). All these countries together took near 18% share of total imports. Azerbaijan (X tons) took a little share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of dairy spreads. At the same time, Moldova (+69.0%) and Azerbaijan (+22.2%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of +69.0% from 2012-2022. By contrast, Kazakhstan (-12.6%) illustrated a downward trend over the same period. Russia (+11 p.p.), Moldova (+9.4 p.p.) and Azerbaijan (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -21.7% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported dairy spreads in the CIS, comprising 76% of total imports. The second position in the ranking was held by Moldova ($X), with an 11% share of total imports. It was followed by Kazakhstan, with a 9.5% share.

In Russia, dairy spread imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Moldova (+67.9% per year) and Kazakhstan (-8.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, increasing by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 when the import price increased by 24% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Moldova ($X per ton), while Russia ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+11.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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