China: Cream Market 2021

Cream Market Size in China

For the eighth year in a row, the Chinese cream market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2015 when the market value increased by X% y-o-y. Cream consumption peaked in 2020 and is expected to retain growth in the immediate term.

Cream Production in China

In value terms, cream production expanded rapidly to $X in 2020 estimated in export prices. In general, production showed a strong expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2020 and is expected to retain growth in years to come.

Cream Exports

Exports from China

For the sixth consecutive year, China recorded decline in shipments abroad of cream, which decreased by -X% to X tons in 2020. Over the period under review, exports faced a significant decline. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. From 2012 to 2020, the growth exports remained at a lower figure.

In value terms, cream exports fell slightly to $X in 2020. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for cream exports from China, with a X% share of total exports. Moreover, cream exports to Hong Kong SAR exceeded the volume sent to the second major destination, Mauritania (X tons), twofold. Nigeria (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Hong Kong SAR totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-X% per year) and Nigeria (-X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for cream exports from China, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Hong Kong SAR stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Nigeria (-X% per year).

Export Prices by Country

The average cream export price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum in 2020 and is likely to continue growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Cream Imports

Imports into China

For the fourteenth consecutive year, China recorded growth in overseas purchases of cream, which increased by X% to X tons in 2020. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, cream imports soared to $X in 2020. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, New Zealand (X tons) was the main supplier of cream to China, accounting for a X% share of total imports. Moreover, cream imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was occupied by the UK (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from New Zealand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the UK (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of cream to China, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average cream import price stood at $X per ton in 2020, approximately mirroring 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 2010 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2020.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :