The impressive growth of dairy trade between the United States and ASEAN

Published 2020년 11월 25일

Tridge summary

The article highlights the significant growth in US dairy exports to ASEAN countries, with Indonesia, Vietnam, and the Philippines being the main contributors. The growth is primarily driven by the demand for healthier foods and beverages, especially high-protein products. Notably, there has been a 76% increase in the export of skim milk powder, along with a 14% increase in lactose and a 5% increase in whey exports to these countries. The US Dairy Export Council (USDEC) believes that there is a growing market for dairy protein in ASEAN, given its health benefits. Additionally, the rise of e-commerce and the increasing demand for packaged food in the region are also contributing to this growth. The USDEC has established a Centre for Dairy Excellence in Singapore to cater to the ASEAN market, underscoring its commitment to tapping into the long-term growth potential of the US dairy industry in Southeast Asia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to US export trade data, ASEAN has overtaken Mexico the become the largest US dairy export destination by volume as of August 2020 and is likely to retain this top position if current shipment trends continue. “Skim milk powder exports have led this growth, climbing 76% year-to-date through August to 232,000 MT, already exceeding the 12-month volume of 227,000MT last year,” USDEC Southeast Asia Regional Director Dalilah Ghazalay told FoodNavigator-Asia. “US lactose exports to South East Asia are also up 14% to 67,200 MT year-to-date, and whey exports to South East Asia are also 5% higher through August reaching 81,700 MT year-to-date. “[These are significant numbers because even in 2019], exports of major U.S. dairy products to South East Asia had already reached a new record volume of 450,000 MT, up 2% over the prior year, with the Philippines, Indonesia and Vietnam accounting for nearly 75% of this export volume.” USDEC believes that one of the reasons for this ...

Source: Food Navigator Asia