Asia: Yoghurt Market 2024

Yoghurt Market Size in Asia

The Asian yoghurt market dropped to $X in 2022, flattening at the previous year. Overall, consumption showed a slight increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Yoghurt Production in Asia

In value terms, yoghurt production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Yoghurt Exports

Exports in Asia

In 2022, the amount of yoghurt exported in Asia reduced rapidly to X tons, with a decrease of -74.3% on the year before. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 43%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, yoghurt exports fell sharply to $X in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Israel (X tons) and the United Arab Emirates (X tons) represented the largest exporters of yoghurt in Asia, together reaching approx. 47% of total exports. Vietnam (X tons) ranks next in terms of the total exports with a 13% share, followed by Kazakhstan (12%), Malaysia (6.3%), Turkey (6.1%) and Indonesia (4.9%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +71.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt supplying countries in Asia were Israel ($X), Vietnam ($X) and the United Arab Emirates ($X), together accounting for 63% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +65.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Vietnam ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.0%), while the other leaders experienced a decline in the export price figures.

Yoghurt Imports

Imports in Asia

In 2022, the amount of yoghurt imported in Asia declined slightly to X tons, reducing by -4% on 2021 figures. In general, imports, however, showed measured growth. The pace of growth was the most pronounced in 2015 with an increase of 75%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, yoghurt imports reduced slightly to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.7% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 49%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait (X tons), China (X tons), Oman (X tons) and the United Arab Emirates (X tons) represented roughly 43% of total imports in 2022. Palestine (X tons) held the next position in the ranking, followed by Cambodia (X tons), Singapore (X tons), Bahrain (X tons) and Hong Kong SAR (X tons). All these countries together took approx. 26% share of total imports. Lao People's Democratic Republic (X tons), the Philippines (X tons), Vietnam (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +61.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt importing markets in Asia were the United Arab Emirates ($X), China ($X) and Hong Kong SAR ($X), together comprising 32% of total imports. Singapore, Kuwait, Oman, Palestine, Cambodia, Bahrain, the Philippines, Lao People's Democratic Republic, Vietnam and Kazakhstan lagged somewhat behind, together comprising a further 48%.

Among the main importing countries, Cambodia, with a CAGR of +61.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2019 an increase of 12%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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