Asia: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in Asia

The Asian skim powdered milk market was estimated at $X in 2022, growing by X% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Skim Powdered Milk Production in Asia

In value terms, skim powdered milk production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Skim Powdered Milk Exports

Exports in Asia

Skim powdered milk exports reduced to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports, however, posted a temperate increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, skim powdered milk exports expanded to $X in 2022. In general, exports, however, saw a measured increase. 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 somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons), distantly followed by India (X tons), the United Arab Emirates (X tons), Japan (X tons) and Saudi Arabia (X tons) were the major exporters of skim powdered milk, together generating X% of total exports. Singapore (X tons), Thailand (X tons), Kuwait (X tons), Malaysia (X tons) and Kyrgyzstan (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest skim powdered milk supplying countries in Asia were Turkey ($X), India ($X) and the United Arab Emirates ($X), together comprising X% of total exports. Japan, Saudi Arabia, Singapore, Malaysia, Thailand, Kyrgyzstan and Kuwait lagged somewhat behind, together accounting for a further X%.

Japan, 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

The export price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 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 Japan ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Skim Powdered Milk Imports

Imports in Asia

Skim powdered milk imports declined to X tons in 2022, with a decrease of X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, skim powdered milk imports skyrocketed to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons), distantly followed by Indonesia (X tons), the Philippines (X tons), Malaysia (X tons), Vietnam (X tons) and Yemen (X tons) represented the key importers of skim powdered milk, together mixing up X% of total imports. Thailand (X tons), Singapore (X tons), Bangladesh (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons) and Kazakhstan (X tons) held a little share of total imports.

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

In value terms, China ($X), Indonesia ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a modest 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, skim powdered milk import price increased by X% against 2018 indices. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and China ($X per ton), while Kazakhstan ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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