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

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

In 2022, the Asia-Pacific market for powdered, condensed or evaporated milk decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, powdered, condensed or evaporated milk production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The country with the largest volume of powdered, condensed or evaporated milk production was New Zealand (X tons), accounting for X% of total volume. Moreover, powdered, condensed or evaporated milk production in New Zealand exceeded the figures recorded by the second-largest producer, India (X tons), eightfold. Malaysia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in New Zealand totaled X%. In the other countries, the average annual rates were as follows: India (X% per year) and Malaysia (X% per year).

Exports of Powdered, Condensed Or Evaporated Milk

Exports in Asia-Pacific

In 2022, approx. X tons of powdered, condensed or evaporated milk were exported in Asia-Pacific; jumping by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, powdered, condensed or evaporated milk exports surged to $X in 2022. Total exports indicated a remarkable 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, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Australia (X tons), generating a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the powdered, condensed or evaporated milk exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In New Zealand, powdered, condensed or evaporated milk exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Export price indicated a mild 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, condensed or evaporated milk export price increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 mixed trends in the export price figures.

Imports of Powdered, Condensed Or Evaporated Milk

Imports in Asia-Pacific

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported in Asia-Pacific; falling by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period 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 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, powdered, condensed or evaporated milk imports totaled $X in 2022. Total imports indicated a perceptible 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 most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the key importer of powdered, condensed or evaporated milk, making up X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, 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, condensed or evaporated 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. China (X p.p.), Indonesia (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported powdered, condensed or evaporated milk in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($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 totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Import price indicated slight growth 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, condensed or evaporated milk import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and Thailand ($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

Frequently Asked Questions (FAQ) :