Japan: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Japan

In 2022, the Japanese market for powdered, evaporated and condensed milk decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a perceptible decline. Powdered, evaporated and condensed milk consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Powdered, Evaporated And Condensed Milk in Japan

In value terms, powdered, evaporated and condensed milk production expanded markedly to $X in 2022 estimated in export price. In general, production, however, saw a mild setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Powdered, evaporated and condensed milk production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Japan

In 2022, overseas shipments of powdered, evaporated and condensed milk increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, powdered, evaporated and condensed milk exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X tons), Malaysia (X tons) and Singapore (X tons) were the main destinations of powdered, evaporated and condensed milk exports from Japan, with a combined X% share 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 the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Malaysia ($X) and Singapore ($X) constituted the largest markets for powdered, evaporated and condensed milk exported from Japan worldwide, with a combined X% share of total exports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 powdered, evaporated and condensed milk amounted to $X per ton, dropping by X% against the previous year. In general, the export price faced a deep contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced a decline.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Japan

For the fifth consecutive year, Japan recorded decline in purchases abroad of powdered, evaporated and condensed milk, which decreased by X% to X tons in 2022. Over the period under review, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports surged to $X in 2022. Overall, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of powdered, evaporated and condensed milk to Japan, accounting for a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of powdered, evaporated and condensed milk to Japan, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price 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, powdered, evaporated and condensed milk import price increased by X% against 2016 indices. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Germany ($X per ton), while the price for Belarus ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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