Asia: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Asia

In 2023, the Asian whole fresh milk market decreased by X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Whole Fresh Milk Production in Asia

In value terms, whole fresh milk production fell to $X in 2023 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of whole fresh milk production was India (X tons), accounting for X% of total volume. Moreover, whole fresh milk production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold. The third position in this ranking was held by China (X tons), with a X% share.

In India, whole fresh milk production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and China (X% per year).

In 2023, the average whole fresh milk yield in Asia totaled X kg per head, remaining stable against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when the yield increased by X%. As a result, the yield reached the peak level of X tons per head. From 2022 to 2023, the growth of the whole fresh milk yield remained at a lower figure.

In 2023, approx. X heads of producing animals were grown in Asia; remaining relatively unchanged against the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of producing animals peaked at X heads in 2022, and then reduced modestly in the following year.

Whole Fresh Milk Exports

Exports in Asia

In 2023, after three years of decline, there was growth in overseas shipments of whole fresh milk, when their volume increased by X% to X tons. Overall, exports, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, whole fresh milk exports amounted to $X in 2023. Over the period under review, exports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Thailand (X tons), distantly followed by India (X tons), Malaysia (X tons), China (X tons), Saudi Arabia (X tons), Kyrgyzstan (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Hong Kong SAR (X tons) were the main exporters of whole fresh milk, together constituting X% of total exports. Pakistan (X tons), Japan (X tons), Azerbaijan (X tons) and Indonesia (X tons) held a relatively small share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Azerbaijan (X%), Japan (X%), Hong Kong SAR (X%), India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Turkey experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%), Kyrgyzstan (X%), China (X%), Indonesia (X%), Saudi Arabia (X%) and Pakistan (X%) illustrated a downward trend over the same period. Thailand (X p.p.), India (X p.p.), Azerbaijan (X p.p.), Japan (X p.p.), Malaysia (X p.p.), Hong Kong SAR (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan, China, Indonesia, Pakistan and Saudi Arabia saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest whole fresh milk supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2023.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Whole Fresh Milk Imports

Imports in Asia

In 2023, imports of whole fresh milk in Asia shrank to X tons, falling by X% against 2022 figures. Total imports indicated a prominent expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, whole fresh milk imports fell slightly to $X in 2023. Total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) represented the largest importer of whole fresh milk, constituting X% of total imports. The Philippines (X tons) held the second position in the ranking, followed by Singapore (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons). All these countries together held near X% share of total imports. Kazakhstan (X tons), South Korea (X tons), Malaysia (X tons), Oman (X tons), Vietnam (X tons) and Georgia (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%), Georgia (X%), Vietnam (X%), the Philippines (X%), Malaysia (X%), Taiwan (Chinese) (X%), Singapore (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the Philippines (X p.p.), South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Singapore (X p.p.), Hong Kong SAR (X p.p.), Oman (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported whole fresh milk in Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform