Southern Asia: Dairy Produce Market 2024

Dairy Produce Market Size in Southern Asia

In 2023, the South Asian dairy produce market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Dairy Produce Production in Southern Asia

In value terms, dairy produce production expanded slightly to $X.8B in 2023 estimated in export price. The total production indicated a buoyant expansion 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. Based on 2023 figures, production increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked in 2023 and is likely to continue growth in the near future.

Dairy Produce Exports

Exports in Southern Asia

In 2023, exports of dairy produce in Southern Asia shrank sharply to X tons, waning by X% compared with the previous year's figure. Overall, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, dairy produce exports dropped rapidly to $X in 2023. In general, exports, however, 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 reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, India (X tons) was the key exporter of dairy produce, achieving X% of total exports. It was distantly followed by Pakistan (X tons), creating an X% share of total exports. Sri Lanka (X tons) and Bangladesh (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to dairy produce exports from India stood at X%. At the same time, Sri Lanka (X%) and Bangladesh (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 2012-2023. By contrast, Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) and 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 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest dairy produce supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total exports. It was followed by Sri Lanka, with a X% share.

In India, dairy produce exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Export price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, dairy produce export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Dairy Produce Imports

Imports in Southern Asia

After three years of decline, overseas purchases of dairy produce increased by X% to X tons in 2023. In general, imports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, dairy produce imports rose rapidly to $X in 2023. Overall, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Sri Lanka (X tons) and Bangladesh (X tons) were the main importers of dairy produce in 2023, finishing at approx. X% and X% of total imports, respectively. Maldives (X tons) took the next position in the ranking, followed by Afghanistan (X tons) and Pakistan (X tons). All these countries together held approx. X% share of total imports. India (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Maldives (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest dairy produce importing markets in Southern Asia were Sri Lanka ($X), Bangladesh ($X) and Maldives ($X), with a combined X% share of total imports.

In terms of the main importing countries, Maldives, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, 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.

Source: IndexBox Platform