Asia-Pacific: Skim Milk Market 2024

Skim Milk Market Size in Asia-Pacific

The Asia-Pacific skim milk market expanded slightly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Skim Milk Production in Asia-Pacific

In value terms, skim milk production reached $X in 2022 estimated in export price. In general, production, however, saw a perceptible setback. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of skim milk production was New Zealand (X tons), accounting for X% of total volume. Moreover, skim milk production in New Zealand exceeded the figures recorded by the second-largest producer, India (X tons), twofold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in New Zealand was relatively modest. In the other countries, the average annual rates were as follows: India (X% per year) and Australia (X% per year).

Skim Milk Exports

Exports in Asia-Pacific

In 2022, shipments abroad of skim milk decreased by X% to X tons, falling for the second consecutive year after five years of growth. Total exports indicated a noticeable 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. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, skim milk exports declined dramatically to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons) and New Zealand (X tons) dominates exports structure, together comprising X% of total exports. It was distantly followed by Thailand (X tons), constituting an X% share of total exports. Pakistan (X tons), Malaysia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest skim milk supplying countries in Asia-Pacific were Australia ($X), New Zealand ($X) and Thailand ($X), together comprising X% of total exports. Malaysia, Indonesia and Pakistan lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, dropping by X% against the previous year. In general, the export price saw a perceptible reduction. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Malaysia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Skim Milk Imports

Imports in Asia-Pacific

In 2022, purchases abroad of skim milk decreased by X% to X tons, falling for the second consecutive year after nine years of growth. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, skim milk imports shrank notably to $X in 2022. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by the Philippines (X tons), generating a X% share of total imports. Cambodia (X tons), Fiji (X tons), Samoa (X tons), Singapore (X tons) and Afghanistan (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%), Cambodia (X%), Afghanistan (X%) and Samoa (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Samoa (X p.p.), Singapore (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported skim milk in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Cambodia (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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