Asia’s leading milk exporters

business June 23, 2017 11:38

Asia News Network

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India is the world's largest milk producer, with 18% of global production, followed by the U.S. and China. But when it comes to milk export, Thailand is the largest milk exporter in Asia.

Thailand is also the largest producer and exporter of dairy products in Asean.

Thailand alone sold $33.1 million worth of milk becoming the largest milk exporter in Asia, according to United States Department of Agriculture (USDA) and The World Factbook of CIA. Thailand has a raw milk production capacity of 2,800 tons a day, or just over one million tonnes per year (2015).

The global sales from all milk exporting countries totalled US$7.2 billion out of which Asia sold $496.2 million worth of milk during 2015.  Overall, the value of milk exports was down by an average 18.1 per cent for all exporting countries since 2011 when milk shipments were valued at $8.8 billion. Year over year, the value of milk exports dropped 25.3 per cent from 2014 to 2015.

With over $24.2 million worth of production in 2015, China was the second largest milk exporter in Asia. The Rabobank report states that the biggest consumers of milk in Asia are Singapore and China, with consumption per capita equal to roughly 62 and 38 litres respectively.

South Korea exported around $17.9 million of milk. Hong Kong, Indonesia and Japan sold $15.8 million, $10.5 million and $8.5 million worth of milk respectively.

India, with 18 per cent of global production, achieved an annual output of 146.3 million tonnes during 2014-15, followed by the U.S. and China. India exported just $4 million of milk in the year 2015 due to high domestic consumption.

India's dairy product (non-fat dry milk) exports are projected to remain flat at 30,000 tonnes next year on expectations of high global supplies and low prices, according to a latest USDA report. India's fluid milk production is estimated to increase by 4.8 per cent to 154 million tonnes next year assuming a normal monsoon.

Asian countries like Singapore, Malaysia and Vietnam exported milk worth $6.8 million, $4.7 million and $1.7 million respectively.