Eastern Asia: Dairy Produce Market 2024

Dairy Produce Market Size in Eastern Asia

In 2022, the East Asian dairy produce market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X%. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Dairy Produce Production in Eastern Asia

In value terms, dairy produce production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Dairy Produce Exports

Exports in Eastern Asia

In 2022, shipments abroad of dairy produce was finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, dairy produce exports shrank to $X in 2022. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X tons), Hong Kong SAR (X tons), South Korea (X tons) and Japan (X tons), together accounting for X% of total export.

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, Hong Kong SAR ($X) remains the largest dairy produce supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Hong Kong SAR, dairy produce 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: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 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 Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the export price figures.

Dairy Produce Imports

Imports in Eastern Asia

After six years of growth, purchases abroad of dairy produce decreased by X% to X tons in 2022. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, dairy produce imports amounted to $X in 2022. Total imports indicated a prominent expansion 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 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%), Hong Kong SAR (X%) and Taiwan (Chinese) (X%).

China was also the fastest-growing in terms of the dairy produce imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported dairy produce in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, dairy produce imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were 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

Frequently Asked Questions (FAQ) :