Asia: Whole Fresh Milk Market 2023

Whole Fresh Milk Market Size in Asia

The Asian whole fresh milk market totaled $X in 2022, leveling off at 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 consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Whole Fresh Milk Production in Asia

In value terms, whole fresh milk production expanded to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

India (X tons) constituted the country with the largest volume of whole fresh milk production, comprising approx. X% of total volume. Moreover, whole fresh milk production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold. China (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and China (X% per year).

Whole Fresh Milk Exports

Exports in Asia

Whole fresh milk exports amounted to X tons in 2022, leveling off at 2021. Over the period under review, exports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, whole fresh milk exports expanded sharply to $X in 2022. Overall, exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporter of whole fresh milk in Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by China (X%), Malaysia (X%), Kazakhstan (X%), India (X%), Turkey (X%) and Saudi Arabia (X%).

From 2012 to 2022, average annual rates of growth with regard to whole fresh milk exports from Thailand stood at X%. At the same time, Kazakhstan (X%), the United Arab Emirates (X%), India (X%), Turkey (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), the United Arab Emirates (X p.p.), Kazakhstan (X p.p.), India (X p.p.), Turkey (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest whole fresh milk supplier in Asia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by China, with an X% share.

In Thailand, whole fresh milk exports 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: the United Arab Emirates (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

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

Whole Fresh Milk Imports

Imports in Asia

In 2022, supplies from abroad of whole fresh milk decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, whole fresh milk imports fell to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

China represented the main importing country with an import of about X tons, which finished at X% of total imports. The Philippines (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%) and Hong Kong SAR (X%). Iraq (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Malaysia (X tons), South Korea (X tons) and the United Arab Emirates (X tons) took a little share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Iraq (X%), Vietnam (X%), the Philippines (X%), Taiwan (Chinese) (X%), Malaysia (X%), Singapore (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the Philippines (X p.p.), Iraq (X p.p.), South Korea (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.), Singapore (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported whole fresh milk in Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. 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

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. In general, 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 failed to regain momentum.

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

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

Source: IndexBox Platform

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