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Asia-Pacific: Market for Powdered, Evaporated And Condensed Milk 2022

Market Size for Powdered, Evaporated And Condensed Milk in Asia-Pacific

In 2021, the Asia-Pacific market for powdered, evaporated and condensed milk increased by 9.8% 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 +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Asia-Pacific

In value terms, powdered, evaporated and condensed milk production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Asia-Pacific

In 2021, approx. X tons of powdered, evaporated and condensed milk were exported in Asia-Pacific; increasing by 14% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, powdered, evaporated and condensed milk exports expanded markedly to $X in 2021. Total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 29%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand dominates exports structure, recording X tons, which was near 80% of total exports in 2021. It was distantly followed by Australia (X tons), constituting a 9.5% share of total exports. The following exporters - Malaysia (X tons) and India (X tons) - together made up 5.9% of total exports.

Exports from New Zealand increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, India (+3.4%) and Malaysia (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +3.4% from 2012-2021. By contrast, Australia (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +6.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest powdered, evaporated and condensed milk supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was held by Australia ($X), with an 11% share of total exports. It was followed by Malaysia, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand amounted to +2.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+0.0% per year) and Malaysia (-2.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, leveling off at the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 26%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Powdered, Evaporated And Condensed Milk

Imports in Asia-Pacific

In 2021, imports of powdered, evaporated and condensed milk in Asia-Pacific rose markedly to X tons, picking up by 12% against 2020 figures. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, powdered, evaporated and condensed milk imports skyrocketed to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +63.2% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 32%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China was the largest importer of powdered, evaporated and condensed milk in Asia-Pacific, with the volume of imports recording X tons, which was approx. 44% of total imports in 2021. Indonesia (X tons) took a 9.4% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (6.5%), Malaysia (5.7%) and Vietnam (5.2%). Thailand (X tons), Singapore (X tons), Bangladesh (X tons), Hong Kong SAR (X tons), Sri Lanka (X tons), Taiwan (Chinese) (X tons), Australia (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to powdered, evaporated and condensed milk imports into China stood at +9.6%. At the same time, Australia (+13.5%), Bangladesh (+5.3%), Taiwan (Chinese) (+4.2%), Indonesia (+4.0%), Japan (+3.6%), Vietnam (+3.0%), the Philippines (+2.7%) and Malaysia (+2.6%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +13.5% from 2012-2021. Sri Lanka and Thailand experienced a relatively flat trend pattern. By contrast, Singapore (-1.6%) and Hong Kong SAR (-3.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported powdered, evaporated and condensed milk in Asia-Pacific, comprising 45% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8.1% share of total imports. It was followed by Hong Kong SAR, with a 7.5% share.

In China, powdered, evaporated and condensed milk imports expanded at an average annual rate of +10.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+3.1% per year) and Hong Kong SAR (-3.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 4.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 19%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in Asia-Pacific?
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China constituted the country with the largest volume of powdered, evaporated and condensed milk consumption, accounting for 34% 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 taken by Indonesia, with a 7.2% share.
What are the largest producers of powdered, evaporated and condensed milk in Asia-Pacific?
+
New Zealand remains the largest powdered, evaporated and condensed milk producing country in Asia-Pacific, accounting for 59% of total volume. Moreover, powdered, evaporated and condensed milk production in New Zealand exceeded the figures recorded by the second-largest producer, Malaysia, sevenfold. India ranked third in terms of total production with a 7.5% share.
What are the leading suppliers of powdered, evaporated and condensed milk in Asia-Pacific?
+
In value terms, New Zealand remains the largest powdered, evaporated and condensed milk supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was taken by Australia, with an 11% share of total exports. It was followed by Malaysia, with a 1.9% share.
What are the leading importers of powdered, evaporated and condensed milk in Asia-Pacific?
+
In value terms, China constitutes the largest market for imported powdered, evaporated and condensed milk in Asia-Pacific, comprising 45% of total imports. The second position in the ranking was held by Indonesia, with an 8.1% share of total imports. It was followed by Hong Kong SAR, with a 7.5% share.
What is the average export price for powdered, evaporated and condensed milk in Asia-Pacific?
+
The export price in Asia-Pacific stood at $3,138 per ton in 2021, approximately equating the previous year.
What is the average import price for powdered, evaporated and condensed milk in Asia-Pacific?
+
The import price in Asia-Pacific stood at $3,449 per ton in 2021, picking up by 4.7% against the previous year.

This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Asia-Pacific. 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
• FCL 889 - Whole Milk, Condensed
• FCL 894 - Whole Milk, Evaporated
• FCL 895 - Skim Milk, Evaporated
• FCL 896 - Skim Milk, Condensed
Country coverage:
• Afghanistan
• American Samoa
• Bhutan
• Brunei Darussalam
• Cambodia
• Cook Islands
• Democratic People's Republic of Korea
• Fiji
• French Polynesia
• Guam
• Kiribati
• Lao People's Democratic Republic
• Macao SAR
• Maldives
• Marshall Islands
• Micronesia
• Nauru
• Nepal
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Taiwan (Chinese)
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• 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 2012–2021
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 2012–2021
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
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan (Chinese)
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Vietnam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
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, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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