Asia-Pacific: Dairy Produce Market 2024

Dairy Produce Market Size in Asia-Pacific

The Asia-Pacific dairy produce market expanded modestly to $X in 2022, surging by X% against 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 relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Dairy Produce Production in Asia-Pacific

In value terms, dairy produce production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Dairy Produce Exports

Exports in Asia-Pacific

In 2022, dairy produce exports in Asia-Pacific reduced to X tons, dropping by X% on the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, dairy produce exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, New Zealand (X tons) was the major exporter of dairy produce, committing X% of total exports. It was distantly followed by Australia (X tons) and Thailand (X tons), together mixing up a X% share of total exports. The following exporters - Malaysia (X tons), India (X tons) and Vietnam (X tons) - each accounted for a X% share of total exports.

Exports from New Zealand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%), India (X%) and Australia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest dairy produce supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Thailand ($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.

Dairy Produce Imports

Imports in Asia-Pacific

In 2022, approx. X tons of dairy produce were imported in Asia-Pacific; reducing by X% on the previous year. Total imports indicated a resilient increase from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, dairy produce imports stood at $X in 2022. Total imports indicated a buoyant 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China was the major importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by the Philippines (X tons), Indonesia (X tons), Japan (X tons), Malaysia (X tons), South Korea (X tons) and Singapore (X tons), together achieving a X% share of total imports. Vietnam (X tons), Hong Kong SAR (X tons), Australia (X tons), Thailand (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

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%), the Philippines (X%), Bangladesh (X%), Australia (X%), Indonesia (X%), Vietnam (X%), Malaysia (X%), Thailand (X%) and Japan (X%) displayed positive paces of growth. Singapore and 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 ($X) constitutes the largest market for imported dairy produce in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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