India: Milk Market Overview 2021

Milk Market Size in India

In 2019, after two years of growth, there was significant decline in the Indian milk market, when its value decreased by -X% to $X. Overall, consumption, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. Milk consumption peaked at $X in 2018, and then contracted in the following year.

Milk Production in India

In value terms, milk production shrank to $X in 2019 estimated in export prices. In general, production, however, showed a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2018, and then reduced in the following year.

In 2019, the average milk yield in India expanded to X tonnes per head, growing by X% on 2018. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The milk yield peaked in 2019 and is likely to see steady growth in years to come.

In 2019, number of number of animals for milk production in India dropped slightly to X heads, waning by -X% on 2018. This number increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, this number reached the maximum level at X heads in 2018, and then declined in the following year.

Milk Exports

Exports from India

Milk exports from India skyrocketed to X tonnes in 2019, increasing by X% compared with the year before. In general, exports continue to indicate a perceptible increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, milk exports skyrocketed to $X in 2019. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked in 2019 and are likely to continue growth in the immediate term.

Exports by Country

Bhutan (X tonnes) was the main destination for milk exports from India, with a X% share of total exports. Moreover, milk exports to Bhutan exceeded the volume sent to the second major destination, Singapore (X tonnes), twofold. Nepal (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Bhutan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Nepal (+X% per year).

In value terms, Bhutan ($X) remains the key foreign market for milk exports from India, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by Nepal, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Bhutan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Nepal (+X% per year).

Export Prices by Country

In 2019, the average milk export price amounted to $X per tonne, declining by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Nepal ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Milk Imports

Imports into India

In 2019, purchases abroad of milk decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2018, and then fell sharply in the following year.

In value terms, milk imports contracted to $X in 2019. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018, and then reduced in the following year.

Imports by Country

In 2019, France (X tonnes) constituted the largest supplier of milk to India, accounting for a X% share of total imports. Moreover, milk imports from France exceeded the figures recorded by the second-largest supplier, Ireland (X tonnes), twofold. The third position in this ranking was occupied by Myanmar (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and Myanmar (X% per year).

In value terms, France ($X) constituted the largest supplier of milk to India, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Denmark (+X% per year).

Import Prices by Country

The average milk import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, import price indicated a strong expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, milk import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for milk in the world?

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The countries with the highest volumes of milk consumption in 2019 were India (190M tonnes), the U.S. (117M tonnes) and Pakistan (56M tonnes), together comprising 36% of global consumption. These countries were followed by Germany, China, Brazil, Russia, France, Turkey, New Zealand, Colombia, the UK and the Netherlands, which together accounted for a further 31%.

What are the largest producers of milk in the world?

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The countries with the highest volumes of milk production in 2019 were India (190M tonnes), the U.S. (117M tonnes) and Pakistan (56M tonnes), with a combined 36% share of global production. These countries were followed by Germany, Brazil, China, Russia, France, Turkey, New Zealand, Colombia, the UK and Poland, which together accounted for a further 31%.

What are the leading suppliers of milk to India?

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In value terms, France ($827K) constituted the largest supplier of milk to India, comprising 51% of total imports. The second position in the ranking was occupied by Italy ($158K), with a 9.6% share of total imports. It was followed by Denmark, with a 8.7% share.

What are the leading importers of milk from India?

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In value terms, Bhutan ($5.5M) remains the key foreign market for milk exports from India, comprising 49% of total exports. The second position in the ranking was occupied by Singapore ($2.3M), with a 21% share of total exports. It was followed by Nepal, with a 17% share.

What is the average export price for milk in India?

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The average milk export price stood at $755 per tonne in 2019, waning by -11.6% against the previous year.

What is the average import price for milk in India?

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The average milk import price stood at $1,250 per tonne in 2019, picking up by 9.5% against the previous year.