Market research

Concentrated milk and cream market in Asia

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

The Asian concentrated milk and cream market displayed pronounced volatility in total volume between 2018 and 2023. After an initial increase to 1 529 thousand tons in 2019, the market contracted for two consecutive years, reaching 1 334 thousand tons by 2021.

A dramatic recovery followed in 2022, with the market volume surging 17% to a peak of 1 563 thousand tons. This expansion reversed sharply the next year, as volume fell by over 15% to 1 323 thousand tons in 2023.

These swings corresponded with notable changes in domestic production, which rose steadily through 2022 before dropping in 2023, alongside varying import and export levels that altered net supply.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production concentrated milk and cream in Asia

In kind, 2017-2020, K t

Top producers of concentrated milk and cream, 2017-2020

Source: SHEV.io

World map of production of concentrated milk and cream, 2017-2020

Source: SHEV.io

Asia's production of concentrated milk and cream has grown for the third year in a row. In 2020, the region produced 1 159 thousand tonnes, marking a moderate increase of 3.1% from the previous year. Looking at the period from 2017 to 2020, production rose by 14.6%, which translates to an average annual growth rate of 4.6%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.0%	2.9%	3.1%	4.6%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the value of concentrated milk and cream output in Asia was 6 964 million US dollars, showing a significant decline of 17.7% compared to 2019. Over the 2017-2020 period, production value decreased by 13%, with a compound annual growth rate of -4.5%. The highest value was recorded in 2019 at 8 459 million US dollars, which also saw the largest increase of 11.1% that year.

Annual dynamics of production in Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.0%)	11.1%	(17.7%)	(4.5%)

Source: SHEV.io

Exports concentrated milk and cream from Asia

Exports in kind, K t

The market exhibited volatility during the observed period. From 2017 to 2018, exports fluctuated with a peak-to-trough amplitude of 2.8 times. In 2018, exports hit their lowest point at 121.0 thousand tonnes, representing a sharp decline of 64.4%. By 2020, foreign supplies of concentrated milk and cream from Asia reached 330.1 thousand tonnes, indicating a dramatic surge of 79.9% compared to 2019.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(64.4%)	51.7%	79.9%	(0.9%)

Source: SHEV.io

Between 2017 and 2020, exports of concentrated milk and cream from Asia were not highly concentrated. The top three destinations—Mexico (2.5% of exports in kind), Libya (2.3%), and Gambia (1.2%)—together accounted for only 5.9% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, foreign supplies of concentrated milk and cream from Asia were valued at 618 million US dollars, up by 16.6% from 2019. Over the 2017-2020 period, exports increased by 28.7%, equating to an annualized growth rate of 8.8%. The largest decline occurred in 2019, with a slight drop of 0.2%.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.5%	(0.2%)	16.6%	8.8%

Source: SHEV.io

From 2017 to 2020, concentrated milk and cream from Asia was traded with numerous countries. Even the largest destinations—Libya, Mexico, and the United States—together represented just 6.0% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports concentrated milk and cream to Asia

Imports in kind, K t

Asia imported 580.6 thousand tonnes of concentrated milk and cream in 2020, down by 1.4% from the previous year. Over the 2017-2020 period, imports grew by 19%, with a compound annual growth rate of 6.0%. The lowest volume was recorded in 2018 at 483.3 thousand tonnes, while the highest was in 2019 at 588.8 thousand tonnes, which also saw the largest increase of 21.8% that year.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.9%)	21.8%	(1.4%)	6.0%

Source: SHEV.io

Between 2017 and 2020, imports in kind were spread across a wide range of partner countries. The top three sources—the Netherlands (19.7% of imports in kind), Germany (3.6%), and Australia (2.4%)—jointly accounted for only 25.7% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

Asia's imports of concentrated milk and cream have increased for the third consecutive year. In 2020, the import value stood at 1 274 million US dollars, reflecting a rise of 3.8% compared to 2019. From 2017 to 2020, imports grew by 16.7%, which translates to an average annual growth rate of 5.3%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.5%	2.6%	3.8%	5.3%

Source: SHEV.io

During 2017-2020, concentrated milk and cream was supplied to Asia from many different markets. Even the largest sources—the Netherlands, Germany, and Denmark—together represented only 36.3% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io