India: Milk Market Overview 2020

Milk Market Size in India

The revenue of the milk market in India amounted to $X in 2018, surging by X% against the previous year. Overall, the total market indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milk consumption increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Milk consumption peaked in 2018 and is likely to continue its growth in the near future.

Milk Production in India

In value terms, milk production totaled $X in 2018 estimated in export prices. Overall, the total output indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milk production increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Milk production peaked in 2018 and is likely to continue its growth in the near future.

In 2018, the average yield of milk in India amounted to X tonne per head, rising by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the average milk yield reached its peak figure level in 2018 and is expected to retain its growth in the near future.

In 2018, the number of number of animals for milk production in India totaled X heads, jumping by X% against the previous year. This number increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, this number attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Milk Exports

Exports from India

Milk exports from India stood at X tonnes in 2018, reducing by -X% against the previous year. In general, milk exports continue to indicate a drastic drop. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, milk exports totaled $X in 2018. Overall, milk exports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tonnes) was the main destination for milk exports from India, with a X% share of total exports. Moreover, milk exports to Singapore exceeded the volume sent to the second major destination, Nepal (X tonnes), fivefold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (-X% per year) and the United Arab Emirates (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Nepal (-X% per year).

Export Prices by Country

The average milk export price stood at $X per tonne in 2018, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. In that year, the average export prices for milk attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average export prices for milk failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, 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 2018, 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 2018, approx. X tonnes of milk were imported into India; going up by X% against the previous year. In general, milk imports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. In that year, milk imports attained their peak of X tonnes. From 2013 to 2018, the growth of milk imports remained at a lower figure.

In value terms, milk imports amounted to $X in 2018. Overall, milk imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. In that year, milk imports attained their peak of $X. From 2013 to 2018, the growth of milk imports failed to regain its momentum.

Imports by Country

In 2018, France (X tonnes) constituted the largest milk supplier to India, with a X% share of total imports. Moreover, milk imports from France exceeded the figures recorded by the second-largest supplier, Bhutan (X tonnes), fourfold. Nigeria (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, 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: Bhutan (-X% per year) and Nigeria (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bhutan (+X% per year) and Nigeria (+X% per year).

Import Prices by Country

The average milk import price stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period under review, the milk import price continues to indicate resilient growth. The growth pace was the most rapid in 2010 an increase of X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bhutan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform