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Report Eastern Asia - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Eastern Asia - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Skim Milk Market 2024

Skim Milk Market Size in Eastern Asia

After two years of growth, the East Asian skim milk market decreased by -5.2% to $X in 2021. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Skim Milk Production in Eastern Asia

In value terms, skim milk production fell to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 211%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were China (X tons), Japan (X tons) and South Korea (X tons), with a combined 99.9% share of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Japan (with a CAGR of -0.3%), while production for the other leaders experienced a decline in the production figures.

Skim Milk Exports

Exports in Eastern Asia

In 2021, shipments abroad of skim milk decreased by -28.2% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 140%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, skim milk exports reduced rapidly to $X in 2021. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 162% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Korea represented the main exporting country with an export of about X tons, which reached 70% of total exports. Japan (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by China (9.9%) and Hong Kong SAR (6.3%).

Exports from South Korea increased at an average annual rate of +8.7% from 2012 to 2021. At the same time, Japan (+84.5%), China (+77.7%) and Hong Kong SAR (+4.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +84.5% from 2012-2021. From 2012 to 2021, the share of Japan and China increased by +13 and +9.7 percentage points, respectively.

In value terms, South Korea ($X) remains the largest skim milk supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by China, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in South Korea amounted to +8.2%. In the other countries, the average annual rates were as follows: Japan (+54.3% per year) and China (+80.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 1.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 9.2%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the other leaders experienced a decline in the export price figures.

Skim Milk Imports

Imports in Eastern Asia

In 2021, overseas purchases of skim milk decreased by -14.5% to X tons for the first time since 2011, thus ending a nine-year rising trend. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 56% against the previous year. The volume of import peaked at X tons in 2020, and then dropped in the following year.

In value terms, skim milk imports contracted to $X in 2021. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 60%. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped in the following year.

Imports by Country

China (X tons) represented roughly 99% of total imports in 2021.

China was also the fastest-growing in terms of the skim milk imports, with a CAGR of +33.8% from 2012 to 2021. China (+15 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported skim milk in Eastern Asia.

From 2012 to 2021, the average annual growth rate of value in China totaled +30.9%.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 3.3% against the previous year. Over the period under review, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by 4.8%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of skim milk consumption in 2021 were China, Japan and South Korea, with a combined 100% share of total consumption.
The countries with the highest volumes of skim milk production in 2021 were China, Japan and South Korea, with a combined 100% share of total production.
In value terms, South Korea remains the largest skim milk supplier in Eastern Asia, comprising 83% of total exports. The second position in the ranking was occupied by Japan, with a 10% share of total exports. It was followed by Hong Kong SAR, with a 3.8% share.
In value terms, China constitutes the largest market for imported skim milk in Eastern Asia.
The skim milk export price in Eastern Asia stood at $1,602 per ton in 2021, stabilizing at the previous year.
In 2021, the skim milk import price in Eastern Asia amounted to $688 per ton, declining by -1.9% against the previous year.

This report provides an in-depth analysis of the skim milk market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 888 - Skim Milk of Cows

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Eastern Asia, split by region and country
  • Trade (exports and imports) in Eastern Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • China
    • Hong Kong SAR
    • Macao SAR
    • Japan
    • South Korea
    • Taiwan (Chinese)
    • Democratic People's Republic of Korea

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Producing Animals, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Producing Animals, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Producing Animals, By Country, 2023
    25. Producing Animals, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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