Report Asia - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 2, 2023

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

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Asia: Powdered Milk Market 2023

Powdered Milk Market Size in Asia

In 2021, the Asian powdered milk market increased by 8.8% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Powdered Milk Production in Asia

In value terms, powdered milk production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2016 with an increase of 25% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of powdered milk production, comprising approx. 48% of total volume. Moreover, powdered milk production in India exceeded the figures recorded by the second-largest producer, Japan (X tons), twofold. Turkey (X tons) ranked third in terms of total production with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in India stood at +5.2%. The remaining producing countries recorded the following average annual rates of production growth: Japan (-2.9% per year) and Turkey (+17.4% per year).

Powdered Milk Exports

Exports in Asia

In 2021, shipments abroad of powdered milk increased by 9.5% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 47% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, powdered milk exports rose slightly to $X in 2021. Total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -35.7% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 57%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United Arab Emirates (X tons), Turkey (X tons), India (X tons) and Singapore (X tons) was the main exporter of powdered milk in Asia, making up 66% of total export. Malaysia (X tons) held the next position in the ranking, followed by Hong Kong SAR (X tons). All these countries together took approx. 14% share of total exports. Saudi Arabia (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +53.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest powdered milk supplying countries in Asia were Hong Kong SAR ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising 63% of total exports.

Among the main exporting countries, Turkey, with a CAGR of +52.6%, saw the highest rates of growth with regard to 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 2021, falling by -5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2017 when the export price increased by 25% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.1%), while the other leaders experienced more modest paces of growth.

Powdered Milk Imports

Imports in Asia

Powdered milk imports stood at X tons in 2021, growing by 9.5% compared with the previous year. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 13% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, powdered milk imports soared to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.3% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China represented the main importer of powdered milk in Asia, with the volume of imports reaching X tons, which was approx. 37% of total imports in 2021. Indonesia (X tons) took a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (5.8%), the United Arab Emirates (5.5%), the Philippines (5.3%), Bangladesh (5%) and Malaysia (4.8%). Thailand (X tons), Saudi Arabia (X tons), Singapore (X tons), Oman (X tons), Yemen (X tons) and Sri Lanka (X tons) held a relatively small share of total imports.

China was also the fastest-growing in terms of the powdered milk imports, with a CAGR of +9.3% from 2012 to 2021. At the same time, Bangladesh (+9.1%), Vietnam (+6.1%), Yemen (+4.1%), Indonesia (+3.6%), the Philippines (+3.2%), Thailand (+2.9%) and the United Arab Emirates (+2.4%) displayed positive paces of growth. Oman, Sri Lanka and Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (-1.1%) and Saudi Arabia (-3.7%) illustrated a downward trend over the same period. While the share of China (+14 p.p.) and Bangladesh (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-1.7 p.p.), Singapore (-1.9 p.p.) and Saudi Arabia (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported powdered milk in Asia, comprising 37% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 6.6% share of total imports. It was followed by the United Arab Emirates, with a 5.4% share.

In China, powdered milk imports increased at an average annual rate of +10.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+3.0% per year) and the United Arab Emirates (+2.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 7.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 18%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sri Lanka ($X per ton) and China ($X per ton), while Yemen ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in Asia?
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China remains the largest powdered, evaporated and condensed milk consuming country in Asia, comprising approx. 27% of total volume. Moreover, powdered, evaporated and condensed milk consumption in China exceeded the figures recorded by the second-largest consumer, Malaysia, fourfold. The third position in this ranking was held by Indonesia, with a 5.7% share.
What are the largest producers of powdered, evaporated and condensed milk in Asia?
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The countries with the highest volumes of production in 2021 were Malaysia, India and Saudi Arabia, with a combined 47% share of total production. These countries were followed by Singapore, Japan, China, Turkey, Pakistan, Thailand, Kyrgyzstan, South Korea, Kazakhstan and Israel, which together accounted for a further 47%.
What are the leading exporters of powdered, evaporated and condensed milk in Asia?
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In value terms, the largest powdered, evaporated and condensed milk supplying countries in Asia were Hong Kong SAR, the United Arab Emirates and Saudi Arabia, together accounting for 52% of total exports. These countries were followed by Turkey, Malaysia, Singapore, India, Oman, Thailand and Kuwait, which together accounted for a further 39%.
What are the leading importers of powdered, evaporated and condensed milk in Asia?
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In value terms, China constitutes the largest market for imported powdered, evaporated and condensed milk in Asia, comprising 35% of total imports. The second position in the ranking was taken by Indonesia, with a 6.3% share of total imports. It was followed by the United Arab Emirates, with a 5.9% share.
What is the average export price for powdered, evaporated and condensed milk in Asia?
+
The export price in Asia stood at $2,529 per ton in 2021, declining by -1.9% against the previous year.
What is the average import price for powdered, evaporated and condensed milk in Asia?
+
The import price in Asia stood at $3,224 per ton in 2021, surging by 8.6% against the previous year.

This report provides an in-depth analysis of the powdered milk market in Asia. 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:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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