Market research

Milk and cream market in Asia

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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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 market for not concentrated, not sweetened milk and cream in Asia showed sustained expansion from 2018 to 2023. Total market volume rose from 393.8 million tons to 481.1 million tons, an increase of 87.3 million tons or 22% over the five-year period. This growth was uninterrupted, with each subsequent year reaching a higher volume than the last.

The most significant annual gain occurred in 2021, when the market added 20.2 million tons. Growth eased to 13.5 million tons in 2022 before strengthening again to 17.9 million tons in 2023. Domestic production, which forms the bulk of supply, followed a similar path, advancing from 392.8 million tons to 479.7 million tons between 2018 and 2023.

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, M t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, M 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, M 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 milk and cream in Asia

In kind, 2017-2020, M t

Top producers of milk and cream, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

Asia's milk and cream production has grown for the third year in a row. In 2020, the region produced 428.2 million tonnes, marking a modest increase of 4.5% from 2019. Looking at the period from 2017 to 2020, production rose by 13.8%, which translates to an average annual growth rate of 4.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.4%	4.3%	4.5%	4.4%

Source: SHEV.io

In value, 2017-2020, B $ US

Asia's milk and cream production value has declined for the second consecutive year. In 2020, the output was valued at 414.4 billion US dollars, showing a measured drop of 9.0% compared to 2019. The highest value was recorded in 2018 at 464.0 billion US dollars, with the largest increase that year of 10.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.1%	(1.8%)	(9.0%)	(0.6%)

Source: SHEV.io

Exports milk and cream from Asia

Exports in kind, K t

After two years of decline, Asia's milk and cream exports rebounded. In 2020, exports reached 712 thousand tonnes, a significant 31.7% increase from the previous year. Over the 2017-2020 period, exports grew by 10.2%, averaging 3.3% per year. The lowest point was in 2019 at 541 thousand tonnes, with the largest decline that year of 11.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.7%)	(11.3%)	31.7%	3.3%

Source: SHEV.io

From 2017 to 2020, the main buyers of milk and cream from Asia in volume terms were Russia (5.3% of exports), Libya (2.6%), and Mauritania (0.7%). Together, these three countries accounted for 8.6% of total exports.

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

Following a two-year drop, milk and cream exports in Asia saw an uptick. In 2020, exports totaled 690 million US dollars, a strong rise of 14.7% year-over-year. However, over the 2017-2020 period, exports decreased by 4.8%, averaging a 1.6% annual decline. The minimum value was recorded in 2019 at 601 million US dollars, with the largest decline that year of 16.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.6%)	(16.5%)	14.7%	(1.6%)

Source: SHEV.io

Between 2017 and 2020, Russia (3.7% of exports in value), Libya (1.9%), and Mauritania (0.6%) were the top contributors to Asia's milk and cream export value. Combined, they made up 6.1% of total export flows.

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 milk and cream to Asia

Imports in kind, K t

Milk and cream imports in Asia have increased for the second consecutive year. In 2020, imports totaled 1,982 thousand tonnes, up 11.2% from the previous year. From 2017 to 2020, imports rose by 23.9%, averaging 7.4% per year. The lowest volume was in 2018 at 1,595 thousand tonnes, with a slight decline that year of 0.3%. The largest increase occurred in 2019, at 11.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.3%)	11.8%	11.2%	7.4%

Source: SHEV.io

The import structure for milk and cream in volume terms from 2017 to 2020 shows a diverse set of partners. New Zealand (18.6% of imports), Germany (16.9%), and Australia (12.0%) together accounted for 47.5% of total flows, while the remaining 52.5% was spread across numerous smaller markets.

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 milk and cream import value has grown for the third year in a row. In 2020, imports reached 2,428 million US dollars, a 12.4% increase from the previous year. Over the 2017-2020 period, imports increased by 16.6%, with an average annual growth rate of 5.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.3%	3.4%	12.4%	5.2%

Source: SHEV.io

The market base for milk and cream imports in value terms from 2017 to 2020 was broad. New Zealand (25.1% of imports), Germany (11.9%), and France (11.4%) jointly accounted for 48.4% of total flows, with the remaining 51.6% distributed among many other countries.

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