Japan - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

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

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Powdered Milk Price in Japan - 2023

Contents:

  1. Powdered Milk Price in Japan (CIF) - 2023
  2. Powdered Milk Price in Japan (FOB) - 2022
  3. Powdered Milk Imports in Japan
  4. Powdered Milk Exports in Japan

Powdered Milk Price in Japan (CIF) - 2023

In July 2023, the average powdered milk import price amounted to $3,406 per ton, picking up by 7.9% against the previous month. Over the period under review, the import price, however, showed a mild setback. The import price peaked at $4,494 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($7,118 per ton), while the price for Australia ($2,972 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced a decline.

Powdered Milk Price in Japan (FOB) - 2022

In 2022, the average powdered milk export price amounted to $3,968 per ton, with a decrease of -51.4% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. As a result, the export price attained the peak level of $20,609 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($13,363 per ton), while the average price for exports to Vietnam ($3,126 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-2.7%), while the prices for the other major destinations experienced a decline.

Powdered Milk Imports in Japan

In 2022, the amount of powdered milk imported into Japan shrank modestly to 23K tons, waning by -2.2% compared with 2021 figures. In general, imports faced a dramatic curtailment.

In value terms, powdered milk imports skyrocketed to $88M in 2022. Overall, imports continue to indicate a drastic downturn.

Import of Powdered Milk in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand37.924.124.147.98.1%
Australia15.313.710.914.2-2.5%
United States13.432.916.511.4-5.2%
France9.510.511.18.3-4.4%
Belarus1.71.3N/A1.2-11.0%
Netherlands4.23.62.61.1-36.0%
Belgium4.12.50.20.7-44.5%
Portugal2.72.4N/A0.2-58.0%
Poland8.32.40.10.1-77.1%
Others14.318.42.33.3-38.7%
Total11211267.988.4-7.6%

Top Suppliers of Powdered Milk to Japan in 2022:

  1. New Zealand (12.2K tons)
  2. Australia (3.9K tons)
  3. United States (3.3K tons)
  4. France (2.4K tons)
  5. Belarus (0.4K tons)
  6. Netherlands (0.2K tons)
  7. Belgium (0.2K tons)
  8. Portugal (0.1K tons)
  9. Poland (0.1K tons)

Powdered Milk Exports in Japan

Powdered milk exports from Japan soared to 10K tons in 2022, growing by 1,542% on the year before. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,839% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, powdered milk exports skyrocketed to $41M in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,064% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Export of Powdered Milk in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
PhilippinesN/AN/AN/A13.00%
MalaysiaN/AN/A1.311.0746.2%
Singapore0.20.11.510.2270.8%
Taiwan (Chinese)0.20.10.52.8141.0%
VietnamN/AN/A0.30.8166.7%
Others0.50.21.63.387.6%
Total0.90.45.141.1257.4%

Top Export Markets for Powdered Milk from Japan in 2022:

  1. Philippines (3.5K tons)
  2. Malaysia (3.1K tons)
  3. Singapore (2.9K tons)
  4. Taiwan (Chinese) (0.3K tons)
  5. Vietnam (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the powdered milk market in Japan. 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:

  • Japan

Data coverage:

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