Asia-Pacific: Cream Market 2021

Cream Market Size in Asia-Pacific

The Asia-Pacific cream market rose significantly to $X in 2020, picking up by X% against the previous year. Overall, consumption saw a buoyant expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Cream Production in Asia-Pacific

In value terms, cream production rose sharply to $X in 2020 estimated in export prices. In general, production recorded a strong increase. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The level of production peaked in 2020 and is expected to retain growth in the near future.

Production By Country in Asia-Pacific

China (X tons) constituted the country with the largest volume of cream production, comprising approx. X% of total volume. Moreover, cream production in China exceeded the figures recorded by the second-largest producer, Indonesia (X tons), sixfold. The third position in this ranking was occupied by Pakistan (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China totaled +X%. In the other countries, the average annual rates were as follows: Indonesia (+X% per year) and Pakistan (+X% per year).

Cream Exports

Exports in Asia-Pacific

For the tenth consecutive year, Asia-Pacific recorded decline in shipments abroad of cream, which decreased by -X% to X tons in 2020. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports amounted to $X in 2020. Over the period under review, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) and Australia (X tons) represented roughly X% of total exports of cream in 2020. It was distantly followed by Malaysia (X tons), achieving an X% share of total exports. The following exporters - Vietnam (X tons) and New Zealand (X tons) - each recorded a X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hong Kong SAR, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream supplying countries in Asia-Pacific were Australia ($X), Hong Kong SAR ($X) and New Zealand ($X), with a combined X% share of total exports.

Among the main exporting countries, Hong Kong SAR 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 mixed trends in the exports figures.

Export Prices by Country

In 2020, the cream export price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. In general, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Cream Imports

Imports in Asia-Pacific

For the eighth consecutive year, Asia-Pacific recorded growth in supplies from abroad of cream, which increased by X% to X tons in 2020. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. The volume of import peaked in 2020 and is likely to continue growth in the immediate term.

In value terms, cream imports soared to $X in 2020. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of import peaked in 2020 and is likely to see gradual growth in the immediate term.

Imports by Country

China represented the key importer of cream in Asia-Pacific, with the volume of imports resulting at X tons, which was near X% of total imports in 2020. It was distantly followed by Malaysia (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), Afghanistan (X tons) and Thailand (X tons), together committing a X% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Afghanistan (+X%), Thailand (+X%), Malaysia (+X%), New Caledonia (+X%), Singapore (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. China (+X p.p.), Malaysia (+X p.p.), Afghanistan (+X p.p.) and Thailand (+X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by Afghanistan, Thailand, New Caledonia and Malaysia, which together accounted for a further X the main importing countries, Afghanistan saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the cream import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The level of import peaked in 2020 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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