Japan: Milk Market 2024

Milk Market Size in Japan

The Japanese milk market totaled $X in 2022, standing approx. at the previous year. In general, consumption showed a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Milk consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Milk Production in Japan

In value terms, milk production stood at $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Milk Exports

Exports from Japan

In 2022, exports of milk from Japan rose markedly to X tons, surging by X% compared with 2021 figures. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, milk exports reduced to $X in 2022. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for milk exports from Japan, accounting for a X% share of total exports. Moreover, milk exports to Hong Kong SAR exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average milk export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($X per ton) and Thailand ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Milk Imports

Imports into Japan

In 2022, approx. X tons of milk were imported into Japan; shrinking by X% compared with 2021 figures. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, milk imports shrank remarkably to $X in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest milk supplier to Japan, accounting for a X% share of total imports. Moreover, milk imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the United States (X% per year).

In value terms, Germany ($X) constituted the largest supplier of milk to Japan, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average milk import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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