China: Yoghurt Market 2024

Yoghurt Market Size in China

The Chinese yoghurt market dropped to $X in 2022, remaining constant against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.0% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Yoghurt Production in China

In value terms, yoghurt production dropped slightly to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +0.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27%. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

Yoghurt Exports

Exports from China

After eight years of decline, shipments abroad of yoghurt increased by 4.2% to X tons in 2022. Over the period under review, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 574%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, yoghurt exports amounted to $X in 2022. In general, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 446% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for yoghurt exports from China, with a 86% share of total exports. Moreover, yoghurt exports to Singapore exceeded the volume sent to the second major destination, Myanmar (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to +25.5%.

In value terms, Singapore ($X) remains the key foreign market for yoghurt exports from China, comprising 92% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +24.3%.

Export Prices by Country

The average yoghurt export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, yoghurt export price decreased by -7.5% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 37%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Myanmar amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea (+12.3%), while the prices for the other major destinations experienced a decline.

Yoghurt Imports

Imports into China

After two years of decline, overseas purchases of yoghurt increased by 6.2% to X tons in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 106% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt imports reduced modestly to $X in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 108%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of yoghurt to China, accounting for a 75% share of total imports. Moreover, yoghurt imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), sevenfold. The third position in this ranking was taken by France (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+77.4% per year) and France (+37.7% per year).

In value terms, Germany ($X) constituted the largest supplier of yoghurt to China, comprising 60% of total imports. The second position in the ranking was held by France ($X), with an 18% share of total imports. It was followed by Austria, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+35.6% per year) and Austria (+53.5% per year).

Import Prices by Country

The average yoghurt import price stood at $X per ton in 2022, with a decrease of -6.3% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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