Asia: Cream Market 2021

Cream Market Size in Asia

The Asian cream market expanded sharply to $X in 2020, with an increase of X% against the previous year. The total consumption indicated a resilient expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. The level of consumption peaked in 2020 and is likely to see steady growth in years to come.

Cream Production in Asia

In value terms, cream production expanded sharply to $X in 2020 estimated in export prices. Over the period under review, production showed a buoyant expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, production hit record highs in 2020 and is expected to retain growth in years to come.

Production By Country in Asia

The country with the largest volume of cream production was China (X tons), accounting for X% of total volume. Moreover, cream production in China exceeded the figures recorded by the second-largest producer, Indonesia (X tons), sixfold. The third position in this ranking was occupied by Pakistan (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+X% per year) and Pakistan (+X% per year).

Cream Exports

Exports in Asia

In 2020, overseas shipments of cream increased by X% to X tons, rising for the fourth year in a row after six years of decline. Overall, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. From 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, cream exports surged to $X in 2020. Over the period under review, exports, however, showed a slight decrease. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) and Turkey (X tons) were the major exporters of cream in 2020, resulting at approx. X% and X% of total exports, respectively. It was distantly followed by Kuwait (X tons) and Malaysia (X tons), together mixing up a X% share of total exports. The following exporters - Saudi Arabia (X tons) and Oman (X tons) - each amounted to a X% share of total exports.

From 2007 to 2020, the biggest increases were in Hong Kong SAR, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the largest cream supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Hong Kong SAR totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (-X% per year) and Kuwait (-X% per year).

Export Prices by Country

In 2020, the cream export price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2012 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Hong Kong SAR ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced mixed trends in the export price figures.

Cream Imports

Imports in Asia

For the eighth consecutive year, Asia recorded growth in supplies from abroad of cream, which increased by X% to X tons in 2020. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are likely to continue growth in years to come.

In value terms, cream imports amounted to $X in 2020. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. The level of import peaked in 2020 and is expected to retain growth in the near future.

Imports by Country

In 2020, China (X tons), distantly followed by Kuwait (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), Jordan (X tons), Singapore (X tons), Afghanistan (X tons), Thailand (X tons) and Saudi Arabia (X tons) represented the largest importers of cream, together committing X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Afghanistan (+X%), Thailand (+X%), Malaysia (+X%), Jordan (+X%), Singapore (+X%), Taiwan (Chinese) (+X%) and Kuwait (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. Saudi Arabia experienced a relatively flat trend pattern. From 2007 to 2020, the share of China, Malaysia, Afghanistan, Thailand, Jordan, Singapore and Taiwan (Chinese) increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Kuwait (-X p.p.) and Saudi Arabia (-X p.p.) saw their share reduced.

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports. These countries were followed by Saudi Arabia, Kuwait, Afghanistan, Thailand, Jordan and Malaysia, which together accounted for a further X recorded the highest growth rate of the value of imports, among 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

The cream import price in Asia stood at $X per ton in 2020, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The level of import peaked in 2020 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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