Asia: Lactose Market 2024

Lactose Market Size in Asia

In 2022, the Asian lactose market increased by X% to $X, rising for the sixth consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Lactose Production in Asia

In value terms, lactose production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Lactose Exports

Exports in Asia

Lactose exports contracted remarkably to X tons in 2022, with a decrease of X% compared with the previous year. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, lactose exports dropped significantly to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Israel (X tons) and Turkey (X tons) were the largest exporters of lactose and lactose syrup in 2022, accounting for approx. X% and X% of total exports, respectively. It was distantly followed by India (X tons), Singapore (X tons) and the United Arab Emirates (X tons), together mixing up a X% share of total exports. The following exporters - Vietnam (X tons) and Indonesia (X tons) - each accounted for a X% share of total exports.

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

In value terms, Israel ($X), Turkey ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. The United Arab Emirates, Singapore, Vietnam and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Vietnam, 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, increasing by X% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Indonesia ($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 a decline in the export price figures.

Lactose Imports

Imports in Asia

In 2022, the amount of lactose and lactose syrup imported in Asia expanded significantly to X tons, with an increase of X% against the year before. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, lactose imports expanded significantly to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), Indonesia (X tons), India (X tons), the Philippines (X tons) and Thailand (X tons) were the main importers of lactose and lactose syrup, together generating X% of total imports. Pakistan (X tons), South Korea (X tons), Singapore (X tons), Vietnam (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lactose importing markets in Asia were China ($X), Japan ($X) and India ($X), together accounting for X% of total imports. Indonesia, Thailand, the Philippines, South Korea, Pakistan, Vietnam, Singapore and Iran lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 India ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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