Asia-Pacific: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Asia-Pacific

In 2022, the Asia-Pacific market for powdered, evaporated and condensed milk increased by X% to $X, rising for the sixth year in a row after two years of decline. The market 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. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Powdered, Evaporated And Condensed Milk in Asia-Pacific

In value terms, powdered, evaporated and condensed milk production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Asia-Pacific

In 2022, powdered, evaporated and condensed milk exports in Asia-Pacific contracted to X tons, with a decrease of X% on 2021 figures. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, powdered, evaporated and condensed milk exports reduced slightly to $X in 2022. Total exports indicated perceptible growth 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand was the major exporter of powdered, evaporated and condensed milk in Asia-Pacific, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Australia (X tons), committing a X% share of total exports. Malaysia (X tons) and Singapore (X tons) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of powdered, evaporated and condensed milk. Australia (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest powdered, evaporated and condensed milk supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In New Zealand, powdered, evaporated and condensed 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: Australia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price 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, powdered, evaporated and condensed milk export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked 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 Australia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Powdered, Evaporated And Condensed Milk

Imports in Asia-Pacific

Powdered, evaporated and condensed milk imports contracted to X tons in 2022, waning by X% on the previous year. The total import 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 2014 with an increase of X%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, powdered, evaporated and condensed milk imports rose to $X in 2022. Total imports indicated a noticeable 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 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China was the largest importing country with an import of around X tons, which amounted to X% of total imports. Indonesia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%), Malaysia (X%), Vietnam (X%), Bangladesh (X%), Thailand (X%) and Singapore (X%).

China was also the fastest-growing in terms of the powdered, evaporated and condensed milk imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%), Indonesia (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Indonesia and Bangladesh increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported powdered, evaporated and condensed milk in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price 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, powdered, evaporated and condensed milk import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure 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 China ($X per ton) and Malaysia ($X per ton), while Vietnam ($X per ton) and Bangladesh ($X per ton) were 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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