Southern Asia: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Southern Asia

In 2022, the South Asian market for powdered, condensed or evaporated milk decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a temperate increase 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 failed to regain momentum.

Production of Powdered, Condensed Or Evaporated Milk in Southern Asia

In value terms, powdered, condensed or evaporated milk production expanded notably 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 reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of powdered, condensed or evaporated milk production, accounting for X% of total volume. It was followed by Sri Lanka (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in India amounted to X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Exports of Powdered, Condensed Or Evaporated Milk

Exports in Southern Asia

Powdered, condensed or evaporated milk exports dropped sharply to X tons in 2022, which is down by X% compared with 2021. Overall, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports fell to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, average annual rates of growth with regard to powdered, condensed or evaporated milk exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Sri Lanka (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

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

In India, powdered, condensed or evaporated milk exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (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, jumping by X% against the previous year. In general, the export price saw a slight expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

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

Imports of Powdered, Condensed Or Evaporated Milk

Imports in Southern Asia

In 2022, overseas purchases of powdered, condensed or evaporated milk decreased by X% to X tons, falling for the third consecutive year after six years of growth. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk imports shrank notably 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%. The level of import peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Bangladesh represented the key importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Sri Lanka (X tons) and Pakistan (X tons), together achieving a X% share of total imports. The following importers - Maldives (X tons) and Afghanistan (X tons) - each reached a X% share of total imports.

Bangladesh was also the fastest-growing in terms of the powdered, condensed or evaporated milk imports, with a CAGR of X% from 2012 to 2022. Afghanistan and Maldives experienced a relatively flat trend pattern. Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported powdered, condensed or evaporated milk in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Bangladesh stood at X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (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. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($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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