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

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

After seven years of growth, the Japanese market for condensed or evaporated milk (unsweetened) decreased by -3.1% to $X in 2021. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.2% against 2013 indices. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Production of Condensed Or Evaporated Milk (Unsweetened) in Japan

In value terms, unsweetened condensed and evaporated milk production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +110.3% against 2013 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 32% against the previous year. Unsweetened condensed and evaporated milk production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Japan

In 2021, unsweetened condensed and evaporated milk exports from Japan surged to X tons, picking up by 49% on the previous year. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 308%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, unsweetened condensed and evaporated milk exports skyrocketed to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 428%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Hong Kong SAR (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Japan, accounting for a 88% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Hong Kong SAR exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), tenfold. The Philippines (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +69.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+0.9% per year) and the Philippines (-21.3% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Japan, comprising 92% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 6.6% share of total exports. It was followed by the Philippines, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR stood at +69.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+4.1% per year) and the Philippines (-22.2% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, with a decrease of -5% against the previous year. In general, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 98%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Japan

In 2021, imports of condensed or evaporated milk (unsweetened) into Japan surged to X tons, picking up by 54% compared with the previous year. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2021. In general, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of unsweetened condensed and evaporated milk imports to Japan, with a combined 99.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +16.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Japan, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Australia stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.5% per year) and the Netherlands (+6.4% per year).

Import Prices by Country

In 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, flattening at the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 20%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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