In February, Ukraine increased the import of dairy products

Published Mar 7, 2024

Tridge summary

In February 2024, Ukraine saw a 22% increase in dairy product exports, amounting to 8.5 thousand tons worth $16.6 million. The main exports were condensed milk, cream, cheeses, ice cream, and butter. Despite this, the first quarter saw a 14% decrease in export revenue year-on-year. Meanwhile, the global plant-based milk market is projected to grow from $20 billion to $51.87 billion over the next decade, with almond milk leading in 2022 and North America as the largest consumer. China is emerging as the third largest milk producer globally, but continues to be the main importer due to its large population. Ukraine has also increased its dairy imports following export agreements with 11 countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In February 2024, the volume of exports of dairy products increased by 22% compared to January, according to the Association of Milk Producers, according to the State Statistics Service. In February 2024, Ukraine exported 8.5 thousand tons of dairy products worth 16.6 million US dollars. The natural volume of exports increased by 22%, and sales increased by 26% compared to January. In the first quarter, 15.13 thousand tons of dairy products were sent abroad, which is 3% more than in the same period last year. Export revenue for the first two months of 2024 amounted to almost 29 million hryvnias, which is 14% less than in the corresponding period of the previous year. It is noted that the main categories of dairy products in monetary terms were: condensed milk and cream - 33%; cheeses - 23%; ice cream - 13%; butter - 12%. Brainy Insights forecasts that the global plant-based milk market will grow from $20 billion to $51.87 billion over the next decade, DairyMews reports. According ...

Source: Landlord