Asia: Cream Fresh Market 2024

Cream Fresh Market Size in Asia

In 2022, after three years of growth, there was decline in the Asian cream fresh market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed a buoyant increase. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Cream Fresh Production in Asia

In value terms, cream fresh production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked in 2022 and is expected to retain growth in the near future.

The country with the largest volume of cream fresh production was Saudi Arabia (X tons), comprising approx. X% of total volume. Moreover, cream fresh production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Iran (X tons), threefold. Kazakhstan (X tons) ranked third in terms of total production with an X% share.

In Saudi Arabia, cream fresh production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Kazakhstan (X% per year).

Cream Fresh Exports

Exports in Asia

In 2022, shipments abroad of cream fresh increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cream fresh exports skyrocketed to $X in 2022. In general, exports posted a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) and Kuwait (X tons) were the key exporters of cream fresh in 2022, amounting to near X% and X% of total exports, respectively. It was distantly followed by Iran (X tons), the United Arab Emirates (X tons) and Thailand (X tons), together generating a X% share of total exports. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Saudi Arabia ($X) and Kuwait ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The United Arab Emirates, Thailand and Turkey lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, showed a perceptible downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Cream Fresh Imports

Imports in Asia

After two years of growth, purchases abroad of cream fresh decreased by X% to X tons in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, cream fresh imports rose remarkably to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China represented the key importing country with an import of about X tons, which accounted for X% of total imports. South Korea (X tons) ranks second in terms of the total imports with an X% share, followed by Iraq (X%) and Malaysia (X%). The following importers - Bahrain (X tons), Afghanistan (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), Oman (X tons), Yemen (X tons), Armenia (X tons) and the United Arab Emirates (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Armenia (X%), Afghanistan (X%), Yemen (X%), Iraq (X%), Oman (X%), Malaysia (X%), South Korea (X%), Bahrain (X%), the United Arab Emirates (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.), Iraq (X p.p.), Afghanistan (X p.p.) and Armenia (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, the United Arab Emirates, Singapore and Taiwan (Chinese) saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cream fresh in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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