India - Buttermilk And Buttermilk Powder - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Buttermilk and Buttermilk Powder in India - 2023
Contents:
- Price for Buttermilk and Buttermilk Powder in India (FOB) - 2023
- Price for Buttermilk and Buttermilk Powder in India (CIF) - 2023
- Exports of Buttermilk and Buttermilk Powder in India
- Imports of Buttermilk and Buttermilk Powder in India
Price for Buttermilk and Buttermilk Powder in India (FOB) - 2023
In July 2023, the average buttermilk and buttermilk powder export price amounted to $1,179 per ton, leveling off at the previous month. Over the period under review, the export price recorded a noticeable setback. The growth pace was the most rapid in May 2023 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices hit record highs at $2,150 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,389 per ton), while the average price for exports to Bhutan ($870 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Buttermilk and Buttermilk Powder in India (CIF) - 2023
The average buttermilk and buttermilk powder import price stood at $2,532 per ton in June 2023, leveling off at the previous month. Over the period under review, the import price, however, faced a abrupt slump. The most prominent rate of growth was recorded in October 2022 an increase of 98% against the previous month. As a result, import price attained the peak level of $12,912 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From June 2022 to June 2023, the rate of growth in terms of prices for Myanmar amounted to 0.0% per month.
Exports of Buttermilk and Buttermilk Powder in India
In 2022, buttermilk and buttermilk powder exports from India rose rapidly to 1.5K tons, surging by 7.8% compared with the previous year's figure. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, buttermilk and buttermilk powder exports skyrocketed to $2.2M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.3% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 33%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Buttermilk and Buttermilk Powder in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 207 | 482 | 613 | 866 | 61.1% |
| Singapore | 277 | 280 | 306 | 331 | 6.1% |
| Myanmar | N/A | N/A | N/A | 280 | 0% |
| United Arab Emirates | 232 | 344 | 437 | 225 | -1.0% |
| Bhutan | 191 | 166 | 175 | 193 | 0.3% |
| New Zealand | 73.4 | 89.2 | 31.0 | 54.7 | -9.3% |
| Hong Kong SAR | 41.1 | 35.1 | 31.7 | 28.9 | -11.1% |
| Others | 193 | 219 | 218 | 188 | -0.9% |
| Total | 1,215 | 1,615 | 1,812 | 2,166 | 21.3% |
Top Export Markets for Buttermilk and Buttermilk Powder from India in 2022:
- United States (462.9 tons)
- Singapore (383.0 tons)
- Bhutan (233.8 tons)
- United Arab Emirates (140.5 tons)
- Myanmar (87.7 tons)
- Hong Kong SAR (30.5 tons)
- New Zealand (27.1 tons)
Imports of Buttermilk and Buttermilk Powder in India
In 2022, after two years of decline, there was significant growth in purchases abroad of buttermilk and buttermilk powder, when their volume increased by 454% to 19 tons. Overall, imports, however, saw a sharp slump.
In value terms, buttermilk and buttermilk powder imports soared to $119K in 2022. Over the period under review, imports, however, showed a precipitous slump.
| Import of Buttermilk and Buttermilk Powder in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 47.8 | 51.1 | 3.7 | 55.9 | 5.4% |
| Belgium | N/A | N/A | N/A | 32.3 | 0% |
| Italy | N/A | N/A | N/A | 24.0 | 0% |
| Germany | N/A | 0.2 | 1.4 | 6.6 | 474.5% |
| United Arab Emirates | N/A | 34.1 | 22.6 | N/A | -33.7% |
| Bangladesh | 1,244 | N/A | N/A | N/A | 0% |
| Others | 21.6 | 31.3 | 1.9 | N/A | -70.3% |
| Total | 1,313 | 117 | 29.6 | 119 | -55.1% |
Top Suppliers of Buttermilk and Buttermilk Powder to India in 2022:
- Belgium (11.0 tons)
- Australia (4.5 tons)
- Italy (2.0 tons)
- Germany (1.0 tons)
This report provides an in-depth analysis of the market for buttermilk and buttermilk powder in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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