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Australia - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Australia - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Feb 19, 2024

Export of Evaporated and Condensed Milk in Australia Declines by 4% to $9.3M in November 2023

Australia Evaporated And Condensed Milk Exports

In November 2023, shipments abroad of evaporated and condensed milk decreased by -1.5% to 3.8K tons, falling for the third month in a row after two months of growth. In general, exports saw a slight slump. The growth pace was the most rapid in March 2023 with an increase of 44% month-to-month.

In value terms, evaporated and condensed milk exports fell modestly to $9.3M (IndexBox estimates) in November 2023. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 with an increase of 42% month-to-month. As a result, the exports attained the peak of $11M. From September 2023 to November 2023, the growth of the exports remained at a lower figure.Australia Evaporated And Condensed Milk Exports By Country (Million USD)

COUNTRYExport Value of Evaporated And Condensed Milk in Australia (million USD)
Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023
Japan2.81.6N/AN/AN/A0.40.3N/A0.11.41.50.72.4
China1.50.40.30.31.20.90.51.20.30.90.50.41.7
Taiwan (Chinese)1.73.32.11.22.82.92.32.71.92.61.43.31.6
Malaysia1.63.42.03.02.52.41.41.01.33.63.42.41.4
New Zealand0.60.40.30.50.40.10.90.60.60.60.70.50.6
Philippines< 0.1< 0.1< 0.1< 0.1< 0.1< 0.10.1< 0.1< 0.1< 0.1< 0.1N/A0.3
Vietnam0.60.50.30.80.60.50.60.50.30.20.20.10.2
Others0.71.10.90.50.71.33.21.93.21.92.32.10.9
Total9.610.76.06.48.48.69.37.97.911.310.09.69.3

Exports by Country

China (996 tons), Malaysia (597 tons) and Taiwan (Chinese) (572 tons) were the main destinations of evaporated and condensed milk exports from Australia, together comprising 56% of total exports. These countries were followed by Japan, New Zealand, the Philippines and Vietnam, which together accounted for a further 33%.

From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +17.4%), while the other leaders experienced a decline.

In value terms, Japan ($2.4M), China ($1.7M) and Taiwan (Chinese) ($1.6M) constituted the largest markets for evaporated and condensed milk exported from Australia worldwide, together accounting for 62% of total exports. These countries were followed by Malaysia, New Zealand, the Philippines and Vietnam, which together accounted for a further 28%.

Among the main countries of destination, the Philippines, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Exports by Type

Condensed or evaporated milk (unsweetened) (2K tons) and condensed or evaporated milk (sweetened) (1.8K tons) were the main products of evaporated and condensed milk exports from Australia.

From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by unsweetened condensed and evaporated milk (with a CAGR of +1.1%).

In value terms, condensed or evaporated milk (unsweetened) ($5.9M) and condensed or evaporated milk (sweetened) ($3.4M) were the most exported types of evaporated and condensed milk from Australia worldwide.

In terms of the main product categories, unsweetened condensed and evaporated milk, with a CAGR of +1.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In November 2023, the evaporated and condensed milk price stood at $2,419 per ton (FOB, Australia), with a decrease of -2.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in December 2022 an increase of 20% m-o-m. As a result, the export price attained the peak level of $2,561 per ton. From January 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($4,883 per ton), while the average price for exports to Vietnam ($1,056 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for evaporated and condensed milk in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 889 - Whole Milk, Condensed
  • FCL 894 - Whole Milk, Evaporated
  • FCL 895 - Skim Milk, Evaporated
  • FCL 896 - Skim Milk, Condensed

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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