Report China - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 2, 2023

China - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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China: Powdered Milk Market 2023

Powdered Milk Market Size in China

In 2021, the Chinese powdered milk market increased by 36% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption saw a strong increase. Powdered milk consumption peaked in 2021 and is expected to retain growth in the near future.

Powdered Milk Exports

Exports from China

After two years of decline, overseas shipments of powdered milk increased by 169% to X tons in 2021. Overall, exports, however, showed a drastic downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, powdered milk exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep reduction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for powdered milk exports from China, accounting for a 40% share of total exports. Moreover, powdered milk exports to Hong Kong SAR exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+40.4% per year) and the United Arab Emirates (+134.5% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for powdered milk exports from China, comprising 48% of total exports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+31.0% per year) and South Korea (+2,548.0% per year).

Export Prices by Country

In 2021, the average powdered milk export price amounted to $X per ton, dropping by -11.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea (+7.8%), while the prices for the other major destinations experienced a decline.

Powdered Milk Imports

Imports into China

Powdered milk imports into China soared to X tons in 2021, picking up by 30% on 2020 figures. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 49% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, powdered milk imports skyrocketed to $X in 2021. Overall, imports continue to indicate strong growth. The growth pace was the most rapid in 2013 when imports increased by 86% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, New Zealand (X tons) constituted the largest supplier of powdered milk to China, with a 70% share of total imports. Moreover, powdered milk imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), tenfold. The third position in this ranking was held by the United States (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from New Zealand stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+20.8% per year) and the United States (+11.0% per year).

In value terms, New Zealand ($X) constituted the largest supplier of powdered milk to China, comprising 68% of total imports. The second position in the ranking was taken by Australia ($X), with a 10% share of total imports. It was followed by the United States, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from New Zealand totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+26.8% per year) and the United States (+10.3% per year).

Import Prices by Country

In 2021, the average powdered milk import price amounted to $X per ton, picking up by 7.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Belarus ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and Brazil, with a combined 23% share of global consumption. France, Germany, Peru, Mexico, the Netherlands, Malaysia, Russia, Algeria, Indonesia and Singapore lagged somewhat behind, together accounting for a further 31%.
What are the largest producers of powdered, evaporated and condensed milk in the world?
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The countries with the highest volumes of production in 2021 were New Zealand, the United States and Germany, together accounting for 42% of global production.
What are the leading suppliers of powdered, evaporated and condensed milk to China?
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In value terms, New Zealand constituted the largest supplier of powdered, evaporated and condensed milk to China, comprising 67% of total imports. The second position in the ranking was held by Australia, with an 11% share of total imports. It was followed by the United States, with a 3% share.
What are the leading importers of powdered, evaporated and condensed milk from China?
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In value terms, Hong Kong SAR remains the key foreign market for powdered, evaporated and condensed milk exports from China, comprising 55% of total exports. The second position in the ranking was held by Malaysia, with a 12% share of total exports. It was followed by South Korea, with a 9% share.
What is the average export price for powdered, evaporated and condensed milk in China?
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The average export price for powdered, evaporated and condensed milk stood at $3,425 per ton in 2021, surging by 19% against the previous year.
What is the average import price for powdered, evaporated and condensed milk in China?
+
The average import price for powdered, evaporated and condensed milk stood at $3,561 per ton in 2021, rising by 7.3% against the previous year.

This report provides an in-depth analysis of the powdered milk market in China. 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
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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