Asia-Pacific: Cream Fresh Market 2024

Cream Fresh Market Size in Asia-Pacific

The Asia-Pacific cream fresh market was estimated at $X in 2022, picking up by X% against the previous year. In general, consumption, however, saw strong growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Cream Fresh Production in Asia-Pacific

In value terms, cream fresh production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

New Zealand (X tons) remains the largest cream fresh producing country in Asia-Pacific, comprising approx. X% of total volume. Moreover, cream fresh production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), threefold. Indonesia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in New Zealand totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Australia (X% per year) and Indonesia (X% per year).

Cream Fresh Exports

Exports in Asia-Pacific

In 2022, after three years of growth, there was significant decline in shipments abroad of cream fresh, when their volume decreased by X% to X tons. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, cream fresh exports rose modestly to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

New Zealand prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Australia (X tons) and Thailand (X tons), together achieving a X% share of total exports.

Exports from New Zealand increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Australia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand and Thailand increased by X and X percentage points, respectively.

In value terms, New Zealand ($X) remains the largest cream fresh supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

In New Zealand, cream fresh exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price 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, cream fresh export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 New Zealand ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Cream Fresh Imports

Imports in Asia-Pacific

After ten years of growth, supplies from abroad of cream fresh decreased by X% to X tons in 2022. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, cream fresh imports expanded notably to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

China was the largest importer of cream fresh in Asia-Pacific, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. South Korea (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%). Afghanistan (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), the Philippines (X tons), Vietnam (X tons), Hong Kong SAR (X tons) and Cambodia (X tons) took a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%), Vietnam (X%), Malaysia (X%), Cambodia (X%), South Korea (X%), Hong Kong SAR (X%), the Philippines (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia-Pacific, 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.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, the Philippines, 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 ($X) constitutes the largest market for imported cream fresh in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

In China, cream fresh imports increased 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: South Korea (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia-Pacific 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 pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Cambodia ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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