Ukraine: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Ukraine

In 2023, the Ukrainian evaporated and condensed milk market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, saw resilient growth. Over the period under review, the market hit record highs at $X in 2022, and then shrank modestly in the following year.

Production of Evaporated And Condensed Milk in Ukraine

In value terms, evaporated and condensed milk production reached $X in 2023 estimated in export price. Overall, the total production indicated a noticeable increase 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the production volume increased by X%. Evaporated and condensed milk production peaked in 2023 and is likely to see gradual growth in years to come.

Exports of Evaporated And Condensed Milk

Exports from Ukraine

After two years of decline, shipments abroad of evaporated and condensed milk increased by X% to X tons in 2023. In general, exports, however, faced a abrupt setback. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, evaporated and condensed milk exports skyrocketed to $X in 2023. Overall, exports, however, showed a deep setback. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Moldova (X tons) were the main destinations of evaporated and condensed milk exports from Ukraine, with a combined X% share of total exports. Georgia, Libya, Latvia, Israel, Trinidad and Tobago, Azerbaijan, Armenia, Poland, Estonia and Turkmenistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Estonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Moldova ($X) appeared to be the largest markets for evaporated and condensed milk exported from Ukraine worldwide, together comprising X% of total exports. Georgia, Latvia, Trinidad and Tobago, Libya, Israel, Estonia, Azerbaijan, Poland, Armenia and Turkmenistan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Estonia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average evaporated and condensed milk export price amounted to $X per ton, growing by X% against the previous year. In general, the export price recorded a perceptible increase. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Libya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Ukraine

In 2023, overseas purchases of evaporated and condensed milk decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk imports declined remarkably to $X in 2023. Overall, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of evaporated and condensed milk imports to Ukraine, together comprising X% of total imports.

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

In value terms, Spain ($X), Poland ($X) and Germany ($X) appeared to be the largest evaporated and condensed milk suppliers to Ukraine, together comprising X% of total imports.

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

Import Prices by Country

The average evaporated and condensed milk import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform