CIS: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in CIS

In 2022, the CIS yoghurt and fermented milk market decreased by X% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Yoghurt and Fermented Milk in CIS

In value terms, yoghurt and fermented milk production totaled $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of yoghurt and fermented milk production was Belarus (X tons), comprising approx. X% of total volume. Moreover, yoghurt and fermented milk production in Belarus exceeded the figures recorded by the second-largest producer, Kyrgyzstan (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Belarus amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Kyrgyzstan (X% per year) and Russia (X% per year).

Exports of Yoghurt and Fermented Milk

Exports in CIS

In 2022, approx. X tons of yoghurt and fermented milk were exported in the CIS; reducing by X% compared with the previous year's figure. Total exports indicated a prominent expansion 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, yoghurt and fermented milk exports dropped to $X in 2022. Total exports indicated a moderate 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. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Belarus was the major exporter of yoghurt and fermented milk in the CIS, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Russia (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons), together committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt and fermented milk supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), with a combined X% share of total exports.

Kazakhstan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in the CIS amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. 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 Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Imports of Yoghurt and Fermented Milk

Imports in CIS

In 2022, approx. X tons of yoghurt and fermented milk were imported in the CIS; which is down by X% compared with 2021 figures. In general, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt and fermented milk imports dropped significantly to $X in 2022. Overall, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kazakhstan represented the largest importing country with an import of around X tons, which amounted to X% of total imports. Belarus (X tons) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%), Azerbaijan (X%), Moldova (X%), Russia (X%), Tajikistan (X%) and Armenia (X%).

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Armenia (X%), Moldova (X%), Tajikistan (X%), Azerbaijan (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. By contrast, Russia (X%) illustrated a downward trend over the same period. Kazakhstan (X p.p.), Uzbekistan (X p.p.), Moldova (X p.p.), Azerbaijan (X p.p.), Armenia (X p.p.), Belarus (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan was relatively modest. In the other countries, the average annual rates were as follows: Azerbaijan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Armenia ($X per ton), while Russia ($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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