Asia-Pacific: Dairy Produce Market 2024

Dairy Produce Market Size in Asia-Pacific

The Asia-Pacific dairy produce market rose modestly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Dairy Produce Production in Asia-Pacific

In value terms, dairy produce production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Dairy Produce Exports

Exports in Asia-Pacific

In 2022, the amount of dairy produce exported in Asia-Pacific reduced to X tons, waning by X% compared with the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, dairy produce exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, New Zealand (X tons) represented the major exporter of dairy produce, creating X% of total exports. It was distantly followed by Australia (X tons) and Thailand (X tons), together committing a X% share of total exports. The following exporters - Malaysia (X tons) and India (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dairy produce exports from New Zealand stood at X%. At the same time, Thailand (X%), India (X%) and Australia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest dairy produce supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by India, with a X% share.

In New Zealand, dairy produce exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Dairy Produce Imports

Imports in Asia-Pacific

In 2022, approx. X tons of dairy produce were imported in Asia-Pacific; reducing by X% compared with the previous year. Total imports indicated a strong increase from 2012 to 2022: its volume 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, dairy produce imports stood at $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

China was the major importer of dairy produce in Asia-Pacific, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by the Philippines (X tons), Indonesia (X tons), Japan (X tons), Malaysia (X tons), South Korea (X tons) and Singapore (X tons), together comprising a X% share of total imports. The following importers - Hong Kong SAR (X tons), Australia (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), Thailand (X tons) and Bangladesh (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the dairy produce imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%), the Philippines (X%), Bangladesh (X%), Australia (X%), Taiwan (Chinese) (X%), Malaysia (X%), Indonesia (X%), Vietnam (X%), Thailand (X%) and Japan (X%) displayed positive paces of growth. Singapore and Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported dairy produce in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, dairy produce imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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