Eastern Asia: Dairy Produce Market 2024

Dairy Produce Market Size in Eastern Asia

In 2022, the East Asian dairy produce market increased by X% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Dairy Produce Production in Eastern Asia

In value terms, dairy produce production stood at $X in 2022 estimated in export price. In general, production saw a mild decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Dairy Produce Exports

Exports in Eastern Asia

In 2022, overseas shipments of dairy produce increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. 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 throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, dairy produce exports reduced to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from China (X tons), Hong Kong SAR (X tons), South Korea (X tons) and Japan (X tons), together recording X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the largest dairy produce supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Hong Kong SAR, dairy produce exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 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 Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the export price figures.

Dairy Produce Imports

Imports in Eastern Asia

After six years of growth, purchases abroad of dairy produce decreased by X% to X tons in 2022. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank markedly in the following year.

In value terms, dairy produce imports reduced to $X in 2022. Total imports indicated a strong 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 2015 indices. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. Japan (X tons) held the second position in the ranking, followed by South Korea (X tons) and Hong Kong SAR (X tons). All these countries together held approx. X% share of total imports.

China was also the fastest-growing in terms of the dairy produce imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and Japan 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 ($X) constitutes the largest market for imported dairy produce in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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