Russia exported dairy products worth $370 million in 11M 2024, up 20% year-on-year, the Ministry of Agriculture’s Agroexport Center said, citing expert estimates.
More than 30% of revenue came from cheeses and cottage cheese, 22% from fermented dairy products, 14% from ice cream, 11% from powdered milk, 9% from milk and cream and 6% from dry whey.
In physical terms, Russian companies exported 31,000 tonnes of milk and cream in 11M, up 9% YoY. Exports of cheeses and cottage cheese increased 23% to 27,000 tonnes, powdered milk was up 31% to 18,000 tonnes, and ice cream exports increased 11% to 14,000 tonnes.
The largest consumers of Russian dairy products were Kazakhstan, Belarus and Uzbekistan.
In January-November, China entered the top 5 buyers of Russian dairy products for the first time. Exports to China were up 70% YoY to $16 million. In particular, the value of powdered milk sales to China doubled, cheese and cottage cheese exports’ value grew 12-fold, ice cream exports’ value increased 58% and milk and cream sales grew more than 3-fold. The main supplies to non-CIS foreign markets are from the exchange group – non-fat and whole powdered milk and dry whey. Exports of these products grew 26%, 67% and 11%, respectively, in 9M, Belov said. “Russia continued to increase supplies to China, Algeria, Egypt, Saudi Arabia and other countries,” he said.
Milkom, part of Komos Group, plans to export 10,000 tonnes of finished products in 2024, which will amount to around 700 million rubles in monetary terms, Agroexport said, citing Komos Group Executive Director Kirill Chechin. Growth is expected to be 20% in physical terms.
“The main drivers of export growth this year remain the CIS countries, which continue to form the main element of our exports,” Chechin said.
The company’s Shanghai office managed to raise exports to China to second place among foreign countries, Chechin said. “We significantly increased exports of dry whey and achieved a trade balance (exports/imports), using foreign currency earnings to import the necessary equipment, packaging materials and ingredients,” he said.
The company resumed exports of dairy products to the UAE, Vietnam and Azerbaijan this year.
Russian dairy product exports could exceed $700 million by 2030, according to Agroexport’s estimates.
Soyuzmoloko predicts that Russia’s total dairy product exports could grow 15% in 2024, including thanks to exports to non-CIS countries.
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