Dairy Spread Market Overview in Eastern Asia
In value terms, dairy spread production shrank to $ in estimated in export prices. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. From 2009 to , production growth failed to regain the momentum.
China ( tonnes) remains the largest dairy spread producing country in Eastern Asia, comprising approx. % of total volume. Moreover, dairy spread production in China exceeded the figures recorded by the second-largest producer, Japan ( tonnes), fivefold. The third position in this ranking was occupied by South Korea ( tonnes), with a % share.
From 2007 to , the average annual rate of growth in terms of volume in China amounted to +%. The remaining producing countries recorded the following average annual rates of production growth: Japan (+% per year) and South Korea (+% per year).
The revenue of the dairy spread market in Eastern Asia shrank modestly to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2009 to , the growth of the market failed to regain the momentum.
In China, dairy spread consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Japan (+% per year) and South Korea (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by Japan ($). It was followed by South Korea.
From 2007 to , the average annual growth rate of value in China amounted to -%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (-% per year) and South Korea (+% per year).
The countries with the highest levels of dairy spread per capita consumption in were Japan ( kg per persons), South Korea ( kg per persons) and Democratic People's Republic of Korea ( kg per persons).
From 2007 to , the most notable rate of growth in terms of dairy spread per capita consumption, amongst the key consuming countries, was attained by China, while dairy spread per capita consumption for the other leaders experienced more modest paces of growth.