China - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 3, 2024

China - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Powdered Milk Price in China - 2023

Contents:

  1. Powdered Milk Price in China (CIF) - 2023
  2. Powdered Milk Price in China (FOB) - 2023
  3. Powdered Milk Imports in China
  4. Powdered Milk Exports in China

Powdered Milk Price in China (CIF) - 2023

The average powdered milk import price stood at $3,899 per ton in September 2023, picking up by 3.6% against the previous month. In general, the import price, however, showed a mild downturn. The growth pace was the most rapid in August 2023 when the average import price increased by 5.6% against the previous month. Over the period under review, average import prices attained the maximum at $4,690 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($6,717 per ton), while the price for Belarus ($1,917 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.9%), while the prices for the other major suppliers experienced a decline.

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Aleksandr Romanenko
Aleksandr Romanenko

Powdered Milk Price in China (FOB) - 2023

In August 2023, the average powdered milk export price amounted to $4,157 per ton, approximately equating the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 22% month-to-month. Over the period under review, the average export prices hit record highs at $5,387 per ton in October 2022; however, from November 2022 to August 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From August 2022 to August 2023, the rate of growth in terms of prices for Myanmar amounted to +3.7% per month.

Powdered Milk Imports in China

In 2022, powdered milk imports into China declined sharply to 1.1M tons, falling by -17.5% against the previous year's figure. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of 1.3M tons, and then declined markedly in the following year.

In value terms, powdered milk imports contracted modestly to $4.5B in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $4.6B, and then shrank in the following year.

Import of Powdered Milk in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand2,2622,2543,1233,10611.1%
Australia32840548051416.2%
United States22.458.314015691.0%
Uruguay34.958.013612251.8%
Finland37.864.287.211042.8%
Belarus31.043.873.797.546.5%
France70.377.611689.88.5%
Ireland42.847.258.854.88.6%
Germany70.959.882.931.2-23.9%
Others2242212972300.9%
Total3,1243,2904,5954,51313.0%

Top Suppliers of Powdered Milk to China in 2022:

  1. New Zealand (745.7K tons)
  2. Australia (92.3K tons)
  3. United States (40.1K tons)
  4. Uruguay (31.4K tons)
  5. Finland (29.3K tons)
  6. Belarus (28.5K tons)
  7. France (20.6K tons)
  8. Ireland (13.6K tons)
  9. Germany (6.4K tons)

Powdered Milk Exports in China

In 2022, powdered milk exports from China contracted to 4.2K tons, declining by -2.5% on 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 165%. As a result, the exports reached the peak of 4.3K tons, and then dropped modestly in the following year.

In value terms, powdered milk exports reached $18M in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 138%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Powdered Milk in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR1.74.27.17.966.9%
MongoliaN/AN/AN/A4.70%
Democratic People's Republic of Korea1.00.16.32.433.9%
Thailand0.21.01.32.0115.4%
VietnamN/AN/AN/A0.50%
Myanmar0.90.60.50.4-23.7%
EgyptN/AN/AN/A0.40%
Malaysia0.30.51.0N/A82.6%
Oman2.3N/AN/AN/A0%
Singapore0.5N/AN/AN/A0%
Others0.10.60.40.10.0%
Total6.97.016.618.538.9%

Top Export Markets for Powdered Milk from China in 2022:

  1. Singapore (undefined tons)
  2. Malaysia (undefined tons)
  3. Hong Kong SAR (1958.9 tons)
  4. Mongolia (1161.3 tons)
  5. Democratic People's Republic of Korea (502.9 tons)
  6. Thailand (240.4 tons)
  7. Vietnam (159.3 tons)
  8. Egypt (99.7 tons)
  9. Myanmar (74.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the powdered milk market in China. 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 897 - Dry Whole Cow Milk
  • FCL 898 - Dry Skim Cow Milk

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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