Asia-Pacific: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Asia-Pacific

The Asia-Pacific evaporated and condensed milk market rose to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a mild contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Evaporated And Condensed Milk in Asia-Pacific

In value terms, evaporated and condensed milk production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, saw a mild decrease. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Malaysia (X tons), Singapore (X tons) and China (X tons), with a combined X% share of total production. Australia, Thailand, Japan and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

Exports of Evaporated And Condensed Milk

Exports in Asia-Pacific

In 2022, shipments abroad of evaporated and condensed milk decreased by X% to X tons, falling for the second consecutive year after five years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, evaporated and condensed milk exports shrank slightly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons) and Malaysia (X tons) were the main exporters of evaporated and condensed milk in 2022, reaching approx. X% and X% of total exports, respectively. New Zealand (X tons) held the next position in the ranking, followed by South Korea (X tons) and Indonesia (X tons). All these countries together took near X% share of total exports. The following exporters - Thailand (X tons) and Vietnam (X tons) - each finished at an X% share of total exports.

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

In value terms, Australia ($X), Malaysia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, New Zealand, with a CAGR of X%, recorded the highest growth rate of 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 export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($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 other leaders experienced mixed trends in the export price figures.

Imports of Evaporated And Condensed Milk

Imports in Asia-Pacific

In 2022, imports of evaporated and condensed milk in Asia-Pacific shrank to X tons, waning by X% against the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, evaporated and condensed milk imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hong Kong SAR (X tons), distantly followed by China (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Australia (X tons) and the Philippines (X tons) represented the largest importers of evaporated and condensed milk, together generating X% of total imports. Maldives (X tons), Singapore (X tons), Vietnam (X tons), Brunei Darussalam (X tons), New Zealand (X tons), Myanmar (X tons) and Cambodia (X tons) took a relatively small share of total imports.

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

In value terms, the largest evaporated and condensed milk importing markets in Asia-Pacific were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and China ($X), with a combined X% share of total imports. Indonesia, Australia, the Philippines, Maldives, Vietnam, Singapore, New Zealand, Brunei Darussalam, Cambodia and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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