Republic of Korea - Skim Powdered Milk - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSkim Powdered Milk Price in South Korea - 2022
Contents:
- Skim Powdered Milk Price in South Korea (CIF) - 2022
- Skim Powdered Milk Price in South Korea (FOB) - 2022
- Skim Powdered Milk Imports in South Korea
- Skim Powdered Milk Exports in South Korea
Skim Powdered Milk Price in South Korea (CIF) - 2022
The average skim powdered milk import price stood at $4,006 per ton in 2022, growing by 37% against the previous year. Over the period under review, the import price showed a tangible expansion. The import price peaked at $4,310 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,310 per ton), while the price for France ($3,715 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Skim Powdered Milk Price in South Korea (FOB) - 2022
The average skim powdered milk export price stood at $7,337 per ton in 2022, jumping by 25% against the previous year. Overall, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2014 when the average export price increased by 134%. As a result, the export price attained the peak level of $9,656 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($12,768 per ton), while the average price for exports to the United Arab Emirates ($1,575 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 Japan (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.
Skim Powdered Milk Imports in South Korea
For the third year in a row, South Korea recorded decline in supplies from abroad of skim powdered milk, which decreased by -1.9% to 14K tons in 2022. Overall, imports showed a abrupt shrinkage.
In value terms, skim powdered milk imports soared to $57M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Skim Powdered Milk in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.6 | 12.1 | 11.9 | 23.8 | 10.6% |
| Australia | 9.1 | 9.6 | 6.5 | 9.1 | 0.0% |
| France | 12.6 | 12.2 | 12.7 | 8.2 | -13.3% |
| Germany | 4.5 | 8.0 | 5.2 | 4.2 | -2.3% |
| New Zealand | 4.6 | 1.6 | 1.4 | 3.6 | -7.8% |
| Netherlands | 0.8 | 1.1 | 2.1 | 3.2 | 58.7% |
| Japan | N/A | N/A | 0.6 | 3.1 | 416.7% |
| Belgium | 3.2 | 2.7 | 1.5 | 1.7 | -19.0% |
| Finland | 2.0 | 1.6 | N/A | N/A | -20.0% |
| Others | 1.5 | 0.2 | 0.4 | 0.1 | -59.5% |
| Total | 56.0 | 49.1 | 42.3 | 57.0 | 0.6% |
Top Suppliers of Skim Powdered Milk to South Korea in 2022:
- United States (6.0K tons)
- Australia (2.3K tons)
- France (2.2K tons)
- Germany (1.1K tons)
- Netherlands (0.8K tons)
- New Zealand (0.8K tons)
- Belgium (0.5K tons)
- Japan (0.5K tons)
Skim Powdered Milk Exports in South Korea
After two years of decline, shipments abroad of skim powdered milk increased by 10% to 2.1 tons in 2022. In general, exports, however, continue to indicate a dramatic decline.
In value terms, skim powdered milk exports soared to $15K in 2022. Overall, exports, however, recorded a precipitous setback.
| Export of Skim Powdered Milk in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 0.1 | 7.7 | 7600.0% |
| Japan | 610 | 21.4 | 5.1 | 7.0 | -77.4% |
| Vietnam | 507 | 31.5 | N/A | 0.6 | -89.4% |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| China | 198 | 263 | 5.8 | 0.1 | -92.0% |
| Others | 3.2 | 1.1 | 0.3 | N/A | -69.4% |
| Total | 1,318 | 317 | 11.2 | 15.5 | -77.3% |
Top Export Markets for Skim Powdered Milk from South Korea in 2022:
- Japan (1320.0 kg)
- United States (600.0 kg)
- United Arab Emirates (134.0 kg)
- Vietnam (45.0 kg)
- China (7.0 kg)
This report provides an in-depth analysis of the skim powdered milk market in Republic of Korea. 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 898 - Dry Skim Cow Milk
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the skim powdered milk market in Republic of Korea.
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Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
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Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
1321
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1719
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
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Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
