Japan: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Japan

The Japanese evaporated and condensed milk market expanded to $X in 2022, rising by 2.5% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Japan

In value terms, evaporated and condensed milk production expanded notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 87%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Evaporated And Condensed Milk

Exports from Japan

For the seventh consecutive year, Japan recorded growth in shipments abroad of evaporated and condensed milk, which increased by 57% to X tons in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 411%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, evaporated and condensed milk exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 485% against the previous year. The exports peaked in 2022 and are likely to see gradual 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 evaporated and condensed milk exports from Japan, together comprising 97% of total exports. Thailand and China lagged somewhat behind, together comprising a further 1.8%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +47.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Singapore ($X) were the largest markets for evaporated and condensed milk exported from Japan worldwide, with a combined 97% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of +42.4%, saw the highest rates of growth with regard to the value of exports, 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 evaporated and condensed milk export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 90%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Singapore (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Japan

In 2022, approx. X tons of evaporated and condensed milk were imported into Japan; declining by -37% compared with 2021 figures. Over the period under review, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, evaporated and condensed milk imports contracted dramatically to $X in 2022. Overall, imports showed a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of evaporated and condensed milk imports to Japan, together comprising 90% of total imports. The Netherlands, Belgium and the United States lagged somewhat behind, together comprising a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Italy ($X) and Germany ($X) were the largest evaporated and condensed milk suppliers to Japan, with a combined 90% share of total imports. The Netherlands, Belgium and the United States lagged somewhat behind, together comprising a further 8.5%.

The United States, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average evaporated and condensed milk import price stood at $X per ton in 2022, with an increase of 4.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 26% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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