Southern Asia: Powdered Milk Market 2024

Powdered Milk Market Size in Southern Asia

In 2022, the South Asian powdered milk market decreased by X% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a perceptible expansion 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Powdered Milk Production in Southern Asia

In value terms, powdered milk production expanded markedly to $X in 2022 estimated in export price. The total production indicated strong growth 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The country with the largest volume of powdered milk production was India (X tons), accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in India stood at X%.

Powdered Milk Exports

Exports in Southern Asia

In 2022, exports of powdered milk in Southern Asia contracted dramatically to X tons, falling by X% against the previous year. Over the period under review, exports showed a slight decrease. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports fell to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Pakistan (X tons) held a little share of total exports.

India was also the fastest-growing in terms of the powdered milk exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest powdered milk supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, powdered milk exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

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

Powdered Milk Imports

Imports in Southern Asia

In 2022, supplies from abroad of powdered milk decreased by X% to X tons, falling for the fourth year in a row after five years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered milk imports declined markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Bangladesh was the key importing country with an import of about X tons, which resulted at X% of total imports. Sri Lanka (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons). All these countries together held approx. X% share of total imports. The following importers - Afghanistan (X tons) and Maldives (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to powdered milk imports into Bangladesh stood at X%. At the same time, Maldives (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Afghanistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest powdered milk importing markets in Southern Asia were Bangladesh ($X), Sri Lanka ($X) and Pakistan ($X), together accounting for X% of total imports. Maldives and Afghanistan lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Maldives, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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