New Zealand’s Evaporated Milk Exports Increased by 7% in 2014

New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported 1,837 thousand tonnes of evaporated and condensed milk totaling 7,647 million USD, 7% over the previous year. Its primary trading partner was China, where it supplied 40% of its total exports of evaporated and condensed milk in value terms, accounting for 68% of China's total imports.

From 2007 to 2014, New Zealand was a net exporter of evaporated and condensed milk. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was more pronounced.

The U.S. and Germany were among the other main global suppliers of evaporated and condensed milk in 2014. However, the fastest growing exporters from 2007 to 2014 were the U.S. (+15% per year) and New Zealand (+14% per year). The U.S. significantly strengthened its position in the global export structure.

In 2014, New Zealand's top 5 trading partners were China, the United Arab Emirates, Malaysia, Algeria and Saudi Arabia, with a combined 60% share of New Zealand's exports of evaporated and condensed milk. The share of China increased significantly (+33 percentage points), while the share of Saudi Arabia illustrated negative dynamics (-3 percentage points).

Source: World: Evaporated And Condensed Milk - Market Report. Analysis And Forecast To 2020