CIS: Cream Fresh Market 2024

Cream Fresh Market Size in CIS

In 2023, the CIS cream fresh market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Cream Fresh Production in CIS

In value terms, cream fresh production contracted modestly to $X in 2023 estimated in export price. Overall, production showed a perceptible slump. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Russia (X tons) constituted the country with the largest volume of cream fresh production, comprising approx. X% of total volume. Moreover, cream fresh production in Russia exceeded the figures recorded by the second-largest producer, Belarus (X tons), threefold. The third position in this ranking was held by Kazakhstan (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in Russia stood at X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Cream Fresh Exports

Exports in CIS

Cream fresh exports dropped to X tons in 2023, with a decrease of X% on 2022 figures. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, cream fresh exports contracted to $X in 2023. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then declined modestly in the following year.

Exports by Country

Belarus prevails in exports structure, amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Russia (X tons), making up a X% share of total exports.

Belarus was also the fastest-growing in terms of the cream fresh exports, with a CAGR of X% from 2012 to 2023. At the same time, Russia (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest cream fresh supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Belarus amounted to X%.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, flattening at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Cream Fresh Imports

Imports in CIS

In 2023, supplies from abroad of cream fresh increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Total imports indicated a prominent expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, cream fresh imports skyrocketed to $X in 2023. Total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Russia (X tons) and Kazakhstan (X tons) represented roughly X% of total imports in 2023. Armenia (X tons) held the next position in the ranking, followed by Azerbaijan (X tons), Belarus (X tons) and Moldova (X tons). All these countries together held near X% share of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Armenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Armenia ($X), together accounting for X% of total imports.

Armenia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Armenia ($X per ton), while Belarus ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform