Dairy Produce Market in China
Market Overview
In 
, the Chinese dairy produce market increased by % to $, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market failed to regain momentum.
In value terms, dairy produce production reduced to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of %. As a result, production attained the peak level of $. From 2015 to , production growth remained at a lower figure.
, the Chinese dairy produce market increased by % to $, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market failed to regain momentum.In value terms, dairy produce production reduced to $
in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of %. As a result, production attained the peak level of $. From 2015 to , production growth remained at a lower figure.Consumption
In , consumption of dairy produce decreased by -% to tonnes for the first time since 2015, thus ending a five-year rising trend. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in when the consumption volume increased by % against the previous year. As a result, consumption reached the peak volume of tonnes, and then fell modestly in the following year.
The size of the dairy produce market in China amounted to $ in , leveling off at 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $. From 2015 to , the growth of the market failed to regain momentum.
, consumption of dairy produce decreased by -% to tonnes for the first time since 2015, thus ending a five-year rising trend. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in when the consumption volume increased by % against the previous year. As a result, consumption reached the peak volume of tonnes, and then fell modestly in the following year.The size of the dairy produce market in China amounted to $
in , leveling off at 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $. From 2015 to , the growth of the market failed to regain momentum.Consumption by Type
Whole fresh milk ( tonnes) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, whole fresh milk exceeded the figures recorded for the second-largest type, yoghurt and fermented milk ( tonnes), twofold. The third position in this ranking was occupied by skim milk ( tonnes), with a % share.
From 2007 to, the average annual growth rate of the volume of consumption of whole fresh milk was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: yoghurt and fermented milk (+% per year) and skim milk (-% per year).
In value terms, whole fresh milk ($) led the market, alone. The second position in the ranking was occupied by powdered milk ($). It was followed by skim milk.
From 2007 to, the average annual growth rate of the market volume of whole fresh milk stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: powdered milk (+% per year) and skim milk (-% per year).
tonnes) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, whole fresh milk exceeded the figures recorded for the second-largest type, yoghurt and fermented milk ( tonnes), twofold. The third position in this ranking was occupied by skim milk ( tonnes), with a % share.From 2007 to
, the average annual growth rate of the volume of consumption of whole fresh milk was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: yoghurt and fermented milk (+% per year) and skim milk (-% per year).In value terms, whole fresh milk ($
) led the market, alone. The second position in the ranking was occupied by powdered milk ($). It was followed by skim milk.From 2007 to
, the average annual growth rate of the market volume of whole fresh milk stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: powdered milk (+% per year) and skim milk (-% per year).Market Forecast
Driven by increasing demand for dairy produce in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of dairy produce in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for dairy produce.
Trade Balance
China remains a net importer of dairy produce; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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