Asia: Dairy Produce Market 2024

Dairy Produce Market Size in Asia

The Asian dairy produce market totaled $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Dairy Produce Production in Asia

In value terms, dairy produce production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Dairy Produce Exports

Exports in Asia

In 2022, overseas shipments of dairy produce increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, dairy produce exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the largest exporters of dairy produce in 2022, recording near X% and X% of total exports, respectively. Thailand (X tons) ranks next in terms of the total exports with a X% share, followed by Iran (X%) and Turkey (X%). Malaysia (X tons), Oman (X tons), Bahrain (X tons), Kuwait (X tons), India (X tons), Singapore (X tons), Cyprus (X tons) and China (X tons) held a minor share of total exports.

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

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Bahrain ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Turkey, Oman, India, Cyprus, Thailand, Malaysia, Singapore, Iran, Kuwait and China lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Cyprus, with a CAGR of X%, saw 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, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Dairy Produce Imports

Imports in Asia

In 2022, approx. X tons of dairy produce were imported in Asia; waning by X% against 2021. The total import volume increased at an average annual rate of X% over the period 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 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, dairy produce imports totaled $X in 2022. The total import 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 pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) represented the largest importer of dairy produce, comprising X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), the Philippines (X tons) and Iraq (X tons), together creating a X% share of total imports. Indonesia (X tons), Oman (X tons), Japan (X tons), Malaysia (X tons), South Korea (X tons), Singapore (X tons), Yemen (X tons) and Hong Kong SAR (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the dairy produce imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%), Yemen (X%), the Philippines (X%), the United Arab Emirates (X%), Malaysia (X%), Iraq (X%), Indonesia (X%), Oman (X%) and Japan (X%) displayed positive paces of growth. Saudi Arabia, Singapore and Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported dairy produce in Asia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In China, dairy produce imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Japan ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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