Asia-Pacific: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Asia-Pacific

The Asia-Pacific whole fresh milk market stood at $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Asia-Pacific

In value terms, whole fresh milk production rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of whole fresh milk production was India (X tons), accounting for X% of total volume. Moreover, whole fresh milk production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold. The third position in this ranking was held by China (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume in India amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (X% per year) and China (X% per year).

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Whole Fresh Milk Exports

Exports in Asia-Pacific

In 2022, shipments abroad of whole fresh milk decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, whole fresh milk exports dropped to $X in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced slightly in the following year.

Exports by Country

In 2022, Australia (X tons) and New Zealand (X tons) were the key exporters of whole fresh milk in Asia-Pacific, together creating X% of total exports. It was distantly followed by Thailand (X tons), mixing up an X% share of total exports. China (X tons), Malaysia (X tons), India (X tons) and Bangladesh (X tons) held a little share of total exports.

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

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

In terms of the main exporting countries, Bangladesh, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. 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.

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

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

Whole Fresh Milk Imports

Imports in Asia-Pacific

After four years of growth, supplies from abroad of whole fresh milk decreased by X% to X tons in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined sharply in the following year.

In value terms, whole fresh milk imports reduced to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

China represented the largest importer of whole fresh milk in Asia-Pacific, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by the Philippines (X tons), Singapore (X tons) and Hong Kong SAR (X tons), together achieving a X% share of total imports. Taiwan (Chinese) (X tons), Vietnam (X tons) and Malaysia (X tons) took a minor share of total imports.

China was also the fastest-growing in terms of the whole fresh milk imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Malaysia (X%), the Philippines (X%), Taiwan (Chinese) (X%), Singapore (X%) and Hong Kong SAR (X%) displayed positive paces of growth. China (X p.p.), the Philippines (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and Singapore saw its share reduced by 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 ($X) constitutes the largest market for imported whole fresh milk in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In China, whole fresh milk imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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