Latest Report Update: May 13, 2021

Asia - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Jul 7, 2020

Asia's Milk Production Is Expected to Increase by 2% in 2020

IndexBox has just published a new report: 'Asia - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

After four years of growth, the Asian whole fresh milk market decreased by -2.1% to $309.6B in 2019. The market value increased at an average annual rate of +4.0% over the past decade. The pace of growth was the most pronounced in 2010 with an increase of 15% y-o-y. Over the period under review, the market attained the maximum level at $316.1B in 2018 and then dropped slightly in the following year.

Consumption by Country in Asia

India (198M tonnes) remains the largest whole fresh milk consuming country in Asia, accounting for 54% of total volume. Moreover, whole fresh milk consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (47M tonnes), fourfold. The third position in this ranking was occupied by China (35M tonnes), with a 9.6% share.

From 2009 to 2019, the average annual rate of growth in terms of volume in India totaled +5.4%. The remaining consuming countries recorded the following average annual rates of consumption growth: Pakistan (+3.2% per year) and China (-1.2% per year).

In value terms, India ($146.8B) led the market, alone. The second position in the ranking was occupied by Pakistan ($37.3B). It was followed by China.

The countries with the highest levels of whole fresh milk per capita consumption in 2019 were Uzbekistan (339 kg per person), Turkey (281 kg per person), and Pakistan (231 kg per person).

From 2009 to 2019, the biggest increases were in Uzbekistan, while whole fresh milk per capita consumption for the other leaders experienced more modest paces of growth.

Market Forecast 2020-2030

Driven by increasing demand for whole fresh milk in Asia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.4% for the period from 2019 to 2030, which is projected to bring the market volume to 477M tonnes by the end of 2030.

According to FAO projections, Asian production is expected to increase by 2% in 2020 due to expected growth in India, Pakistan, and China, while Turkey may experience a decline. India, the world's largest milk producer, is projected to increase production by 2.6 percent, or 5 million tonnes. The increase expected this year reflects the efforts of the vast network of rural cooperatives that have been mobilized to maintain milk collection despite the pandemic lockdown. Given the loss of sales in the foodservice industry due to the COVID-19 lockdown, large volumes of milk were sent for processing to drying plants, which were reported to operate at almost full capacity.

Pakistan’s milk production is projected to increase by an average of 3% due to an increase in the herd population.

In China, where the sector has been recovering since 2018, it is projected that milk production will increase by almost 3% in 2020, amid ongoing consolidation of farms and increased efficiency of large dairy enterprises. The introduction of stringent food safety standards by the government has also increased consumer confidence in Chinese milk, which has helped support domestic production growth. 

According to FAO forecasts, milk production in Japan will grow, which will be supported by the government measures offered to farmers to manage excess milk supplies and stabilize prices. This is despite a drop in milk consumption in the first months of the year after the government declared a state of emergency and closed schools amid concerns about COVID-19.

Production in Asia

In 2019, production of whole fresh milk in Asia rose to 368M tonnes, picking up by 3.8% against the previous year. The total output volume increased at an average annual rate of +3.6% from 2009 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 4.8% y-o-y. The volume of production peaked in 2019 and is expected to retain growth in the immediate term. The generally positive trend in terms of output was largely conditioned by a moderate increase in the number of producing animals and a tangible expansion in yield figures.

Production By Country in Asia

India (198M tonnes) remains the largest whole fresh milk producing country in Asia, accounting for 54% of total volume. Moreover, whole fresh milk production in India exceeded the figures recorded by the second-largest producer, Pakistan (47M tonnes), fourfold. China (35M tonnes) ranked third in terms of total production with a 9.5% share.

In India, whole fresh milk production expanded at an average annual rate of +5.4% over the period from 2009-2019. In other countries, the average annual rates were as follows: Pakistan (+3.2% per year) and China (-1.4% per year).

Producing Animals in Asia

In 2019, the amount of producing animals in Asia expanded modestly to 427M heads, rising by 1.8% against the previous year. This number increased at an average annual rate of +1.5% over the period from 2009 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of 3.2% against the previous year. The level of producing animals peaked in 2019 and is expected to retain growth in the near future.

Yield in Asia

The average whole fresh milk yield amounted to 860 kg per head in 2019, picking up by 2% on the year before. The yield figure increased at an average annual rate of +2.1% over the period from 2009 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 5.2% y-o-y. Over the period under review, the whole fresh milk yield attained the maximum level in 2019 and is expected to retain growth in the near future.

Exports in Asia

In 2019, after two years of decline, there was growth in overseas shipments of whole fresh milk, when their volume increased by 2.6% to 305K tonnes. Total exports indicated moderate growth from 2009 to 2019: its volume increased at an average annual rate of +3.9% over the last decade. Based on 2019 figures, exports decreased by -27.9% against 2014 indices. The growth pace was the most rapid in 2010 when exports increased by 50% y-o-y. The volume of export peaked at 423K tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, whole fresh milk exports expanded to $311M (IndexBox estimates) in 2019.

Exports by Country

The shipments of the twelve major exporters of whole fresh milk, namely Kuwait, Kazakhstan, Turkey, Thailand, China, the United Arab Emirates, Pakistan, India, Kyrgyzstan, China, Hong Kong SAR, South Korea, and Viet Nam, represented more than two-thirds of total export.

From 2009 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (+53.2% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($62M), Thailand ($49M), and Turkey ($25M) were the countries with the highest levels of exports in 2019, with a combined 44% share of total exports. China, Hong Kong SAR, the United Arab Emirates, Kazakhstan, South Korea, Pakistan, India, Viet Nam, and Kyrgyzstan lagged somewhat behind, together comprising a further 41%.

Kazakhstan saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The whole fresh milk export price in Asia stood at $1,020 per tonne in 2019, approximately reflecting the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was  Hong Kong SAR ($2,147 per tonne), while Kazakhstan ($423 per tonne) was amongst the lowest.

From 2009 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 1130 - Camel milk
• FCL 882 - Cow milk, whole (fresh)
• FCL 1020 - Goat milk
• FCL 982 - Sheep milk
• FCL 951 - Buffalo milk

This report provides an in-depth analysis of the whole fresh milk market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• China, Macao SAR
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007-2020
Table 7:
Yield, By Country, 2007-2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007-2020
Figure 25:
Yield, By Country, 2007-2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

Webinar: Global Anhydrous Ammonia Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global anhydrous ammonia market.



Tuesday, June 15th, 2021 @ 04:00 pm ET


Register

Webinar: Global Ethanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global ethanol market.



Thursday, June 24th, 2021 @ 04:00 pm ET


Register

Webinar: Global Coal Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global сoal market.



Thursday, July 15th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data