China: Dairy Produce Market 2024

Dairy Produce Market Size in China

In 2022, the Chinese dairy produce market 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Dairy Produce Production in China

In value terms, dairy produce production expanded to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Dairy Produce Exports

Exports from China

In 2022, overseas shipments of dairy produce increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, dairy produce exports reached $X in 2022. In general, exports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for dairy produce exports from China, with a X% share of total exports. Moreover, dairy produce exports to Hong Kong SAR exceeded the volume sent to the second major destination, Democratic People's Republic of Korea (X tons), more than tenfold. The Philippines (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic People's Republic of Korea (X% per year) and the Philippines (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for dairy produce exports from China, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with an X% share of total exports. It was followed by Mongolia, with a X% share.

From 2012 to 2022, 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: the Philippines (X% per year) and Mongolia (X% per year).

Export Prices by Country

The average dairy produce export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into China

After six years of growth, overseas purchases of dairy produce decreased by X% to X tons in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, dairy produce imports fell slightly to $X in 2022. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of dairy produce to China, with a X% share of total imports. Moreover, dairy produce imports from New Zealand exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Australia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Australia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average dairy produce import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average 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 origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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