Southern Asia: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Southern Asia

For the third year in a row, the South Asian evaporated and condensed milk market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated resilient 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, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Evaporated And Condensed Milk in Southern Asia

In value terms, evaporated and condensed milk production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Sri Lanka (X tons), Pakistan (X tons) and India (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Sri Lanka (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Exports of Evaporated And Condensed Milk

Exports in Southern Asia

In 2022, the amount of evaporated and condensed milk exported in Southern Asia fell to X tons, dropping by X% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, evaporated and condensed milk exports declined rapidly to $X in 2022. In general, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sri Lanka (X tons) was the key exporter of evaporated and condensed milk, creating X% of total exports. It was distantly followed by India (X tons), mixing up a X% share of total exports. Pakistan (X tons) followed a long way behind the leaders.

Sri Lanka was also the fastest-growing in terms of the evaporated and condensed milk exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) displayed positive paces of growth. By contrast, Pakistan (X%) illustrated a downward trend over the same period. Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Sri Lanka, evaporated and condensed milk exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 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 India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Imports of Evaporated And Condensed Milk

Imports in Southern Asia

In 2022, evaporated and condensed milk imports in Southern Asia declined markedly to X tons, dropping by X% compared with the year before. Overall, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, evaporated and condensed milk imports shrank to $X in 2022. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Maldives dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Afghanistan (X tons) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%).

Imports into Maldives increased at an average annual rate of X% from 2012 to 2022. At the same time, Sri Lanka (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Maldives and Sri Lanka increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported evaporated and condensed milk in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Maldives totaled X%. In the other countries, the average annual rates were as follows: Afghanistan (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, rising 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, import prices attained the peak figure at $X per ton in 2016; however, from 2017 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 Maldives ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :