The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / The Country / Listen

Dairy exports into Southeast Asia set to boom over next decade – Rabobank

The Country
15 Oct, 2020 12:15 AM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
Photo / File

Photo / File

Content brought to you by Rabobank.

Dairy exports into the Southeast Asian market are set to surge over the next decade, according to a new report by Rabobank.

In the report, Dairy Export Boom Beckons in ASEAN-6 – With a Push or Pull, Rabobank said the combined annual milk deficit of the ASEAN-6, (Indonesia, Malaysia, The Philippines, Singapore, Thailand and Vietnam), was expected to grow to 19 billion litres in 2030 - up from an estimated 12.9 billion litres in 2020.

A growing milk deficit in Southeast Asia was likely to be a major "pull factor" for dairy exporters looking for strategic dairy export growth, Rabobank senior dairy analyst Michael Harvey said.

"The large populations, combined with increasing urbanisation, a growing middle class with purchasing power and continued development of integrated supply chains will all support dairy consumption growth across the region," Harvey said.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.
Rabobank senior dairy analyst Michael Harvey. Photo / Supplied
Rabobank senior dairy analyst Michael Harvey. Photo / Supplied

Per capita, dairy consumption rates in the ASEAN-6 were also currently low - in comparison to other advanced Asian economies - which provided significant headroom for growth, Harvey said.

Furthermore, the report said dairy companies would be "pushed" towards dairy export opportunities into ASEAN-6 countries, by rising geopolitical tensions and receding demand tailwinds in China.

"Coming into 2020, China's trade relations with key trading partners were already on shaky ground – particularly so for Australia and the US," Harvey said.

Advertisement
Advertise with NZME.

While dairy trade had largely been immune so far, there had been a notable deterioration in trade relations, "which had the potential to reverberate far and wide," Harvey said.

"Slowing Chinese dairy demand is a further factor which will prompt dairy exporters to look at markets outside China, with this expected to ease over the next decade as the rate of growth in per capita income slows."

Listen to Jamie Mackay interview Michael Harvey on The Country below:

Harvey said these factors would likely compel dairy exporters to reassess their export growth strategies and consider increased investment in the ASEAN-6 region.

Discover more

Rabobank Best of The Country - October 10, 2020

09 Oct 03:59 PM

How Covid 19 is affecting NZ's red meat sector

07 Oct 12:30 AM

Rabobank Best of The Country - October 3, 2020

02 Oct 03:59 PM

Waitaki Boys' High School wins Rabobank Good Deeds competition

30 Sep 12:15 AM

This was particularly relevant for New Zealand dairy companies that were more trade-exposed than their peers and, consequently, had the highest level of market concentration risk, Harvey said.

"With over 35 per cent of New Zealand dairy trade bound for China and less than 20 per cent heading to Southeast Asia, now is a good time for New Zealand dairy companies to evaluate their portfolios to determine if they are overweight in China and/or underweight in Southeast Asia."

Save
    Share this article

Latest from Listen

The Country

'Wool queen' Philippa Wright on The Country

Sheep and Beef

Best sheep and beef markets in 45 years, says livestock expert John Duffy

The Country

The Country: Chris Hipkins on a CGT for farmers


Sponsored

Farm plastic recycling: Getting it right saves cows, cash, and the planet

Advertisement
Advertise with NZME.

Latest from Listen

'Wool queen' Philippa Wright on The Country
The Country

'Wool queen' Philippa Wright on The Country

Cam Eyre, George Dodson, Hugh Jackson, Philippa Wright, Barry Soper, and Chris Brandolino.

15 Aug 01:41 AM
Best sheep and beef markets in 45 years, says livestock expert John Duffy
Sheep and Beef

Best sheep and beef markets in 45 years, says livestock expert John Duffy

14 Aug 03:42 AM
The Country: Chris Hipkins on a CGT for farmers
The Country

The Country: Chris Hipkins on a CGT for farmers

14 Aug 02:25 AM


Farm plastic recycling: Getting it right saves cows, cash, and the planet
Sponsored

Farm plastic recycling: Getting it right saves cows, cash, and the planet

10 Aug 09:12 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP