Russian Federation: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in the Russian Federation

For the third consecutive year, the Russian skim powdered milk market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption faced a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Skim Powdered Milk Production in the Russian Federation

In value terms, skim powdered milk production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Skim powdered milk production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Skim Powdered Milk Exports

Exports from the Russian Federation

In 2022, the amount of skim powdered milk exported from Russia skyrocketed to X tons, with an increase of X% on the year before. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, skim powdered milk exports soared to $X in 2022. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Kazakhstan (X tons) was the main destination for skim powdered milk exports from Russia, with a X% share of total exports. Moreover, skim powdered milk exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Armenia (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for skim powdered milk exports from Russia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Armenia (X% per year).

Export Prices by Country

The average skim powdered milk export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price recorded moderate growth. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Skim Powdered Milk Imports

Imports into the Russian Federation

In 2022, the amount of skim powdered milk imported into Russia shrank remarkably to X tons, waning by X% against 2021. In general, imports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, skim powdered milk imports shrank markedly to $X in 2022. Over the period under review, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of skim powdered milk to Russia, accounting for a X% share of total imports. Moreover, skim powdered milk imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Uruguay (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Uruguay (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of skim powdered milk to Russia, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with an X% share of total imports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Uruguay (X% per year).

Import Prices by Country

In 2022, the average skim powdered milk import price amounted to $X per ton, surging by X% against the previous year. In general, the import price showed slight growth. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Uruguay ($X per ton) and Switzerland ($X per ton), while the price for Kyrgyzstan ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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