Southern Asia: Skim Milk Market 2024

Skim Milk Market Size in Southern Asia

The South Asian skim milk market expanded significantly to $X in 2022, growing by X% against the previous year. The total consumption indicated a prominent 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. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Skim Milk Production in Southern Asia

In value terms, skim milk production totaled $X in 2022 estimated in export price. Over the period under review, production showed a strong expansion. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

India (X tons) constituted the country with the largest volume of skim milk production, accounting for X% of total volume. Moreover, skim milk production in India exceeded the figures recorded by the second-largest producer, Afghanistan (X tons), sixfold. Bangladesh (X tons) ranked third in terms of total production with a X% share.

In India, skim milk production 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: Afghanistan (X% per year) and Bangladesh (X% per year).

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Skim Milk Exports

Exports in Southern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of skim milk, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, skim milk exports contracted notably to $X in 2022. Over the period under review, exports saw a mild downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Pakistan prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by India (X tons), achieving a X% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the skim milk exports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Pakistan, skim milk exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Skim Milk Imports

Imports in Southern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of skim milk, when their volume decreased by X% to X tons. In general, imports, however, saw a measured expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, skim milk imports contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a slight contraction. 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 attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Afghanistan dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Bangladesh (X tons), creating a X% share of total imports. Sri Lanka (X tons), Pakistan (X tons) and Bhutan (X tons) followed a long way behind the leaders.

Imports into Afghanistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Bhutan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Afghanistan (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bhutan (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, Afghanistan ($X) constitutes the largest market for imported skim milk in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with an X% share.

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

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price showed a pronounced descent. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 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 Sri Lanka ($X per ton), while Afghanistan ($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 more modest paces of growth.

Source: IndexBox Platform

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