Japan: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Japan

The Japanese market for condensed or evaporated milk (sweetened) expanded modestly to $X in 2022, picking up by 4.6% against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Japan

In value terms, sweetened condensed and evaporated milk production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 68% against the previous year. Sweetened condensed and evaporated milk production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Japan

In 2022, approx. X tons of condensed or evaporated milk (sweetened) were exported from Japan; rising by 74% against the previous year's figure. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 502% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, sweetened condensed and evaporated milk exports surged to $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 578%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Singapore (X tons) were the main destinations of sweetened condensed and evaporated milk exports from Japan, together accounting for 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +49.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweetened condensed and evaporated milk exported from Japan were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Singapore ($X), together accounting for 96% of total exports.

Taiwan (Chinese), with a CAGR of +50.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, picking up by 7.3% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 134% against the previous year. 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 lower figure.

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 China ($X per ton), while the average price for exports to Singapore ($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 Hong Kong SAR (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Japan

In 2022, supplies from abroad of condensed or evaporated milk (sweetened) was finally on the rise to reach X tons after two years of decline. Overall, imports posted moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of 153% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk imports skyrocketed to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest sweetened condensed and evaporated milk supplier to Japan, accounting for a 77% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Italy exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.1% per year) and Germany (-5.5% per year).

In value terms, Italy ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Japan, comprising 87% of total imports. The second position in the ranking was held by Belgium ($X), with a 7.3% share of total imports. It was followed by France, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.2% per year) and France (-0.1% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, picking up by 23% against the previous year. Overall, the import price saw a notable expansion. The most prominent rate of growth was recorded in 2017 an increase of 70%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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