Australia - Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMilk Price in Australia - 2023
Contents:
- Milk Price in Australia (FOB) - 2022
- Milk Price in Australia (CIF) - 2022
- Milk Exports in Australia
- Milk Imports in Australia
Milk Price in Australia (FOB) - 2022
The average milk export price stood at $657 per ton in 2022, with a decrease of -5.3% against the previous year. Overall, the export price showed a pronounced setback. The growth pace was the most rapid in 2018 when the average export price increased by 12%. The export price peaked at $1,049 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,236 per ton), while the average price for exports to China ($520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-0.4%), while the prices for the other major destinations experienced a decline.
Milk Price in Australia (CIF) - 2022
The average milk import price stood at $1,297 per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 36% against the previous year. As a result, import price reached the peak level of $1,768 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3,044 per ton), while the price for New Zealand totaled $1,090 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-1.3%).
Milk Exports in Australia
After three years of growth, shipments abroad of milk decreased by -7.7% to 312K tons in 2022. The total export volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. As a result, the exports reached the peak of 338K tons, and then declined in the following year.
In value terms, milk exports dropped to $205M in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11%. As a result, the exports reached the peak of $234M, and then reduced in the following year.
| Export of Milk in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 81.4 | 94.3 | 115 | 87.2 | 2.3% |
| Singapore | 32.8 | 34.2 | 35.8 | 31.3 | -1.5% |
| Philippines | 12.0 | 14.7 | 14.6 | 19.0 | 16.6% |
| Malaysia | 17.1 | 16.0 | 15.1 | 14.2 | -6.0% |
| Hong Kong SAR | 19.4 | 16.9 | 17.5 | 13.5 | -11.4% |
| Vietnam | 9.7 | 13.5 | 13.7 | 13.1 | 10.5% |
| Papua New Guinea | 5.1 | 4.8 | 5.6 | 5.6 | 3.2% |
| Others | 20.3 | 17.5 | 17.4 | 21.0 | 1.1% |
| Total | 198 | 212 | 234 | 205 | 1.2% |
Top Export Markets for Milk from Australia in 2022:
- China (167.7K tons)
- Singapore (46.1K tons)
- Philippines (27.1K tons)
- Malaysia (19.2K tons)
- Vietnam (13.7K tons)
- Hong Kong SAR (10.9K tons)
- Papua New Guinea (5.0K tons)
Milk Imports in Australia
In 2022, overseas purchases of milk were finally on the rise to reach 2.1K tons after two years of decline. Overall, imports, however, continue to indicate a perceptible descent.
In value terms, milk imports soared to $2.7M in 2022. In general, imports, however, recorded a mild decline.
| Import of Milk in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 2.0 | 1.5 | 1.5 | 2.0 | 0.0% |
| Italy | 0.7 | 0.3 | 0.6 | 0.7 | 0.0% |
| Others | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Total | 2.8 | 2.1 | 2.2 | 2.7 | -1.2% |
Top Suppliers of Milk to Australia in 2022:
- New Zealand (1.9K tons)
- Italy (0.2K tons)
This report provides an in-depth analysis of the milk market 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 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
- FCL 888 - Skim Milk of Cows
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the milk market in Australia.
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This report provides an in-depth analysis of the skim milk market in Australia.
408
This report provides an in-depth analysis of the cream fresh market in Australia.
428
This report provides an in-depth analysis of the whole fresh milk market in Australia.
3794
This report provides an in-depth analysis of the global milk market.
568
This report provides an in-depth analysis of the global skim milk market.
576
This report provides an in-depth analysis of the global cream fresh market.
1092
This report provides an in-depth analysis of the global whole fresh milk market.
330
This report provides an in-depth analysis of the cream market in Australia.
601
This report provides an in-depth analysis of the milk market in Australia.
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The rate of growth for Milk exports reached its peak in January 2023, with a significant 26% increase compared to the previous month. As for the value, milk exports were valued at $16M in October 2023.
214
In March 2023, Skim Milk experienced its highest growth rate, witnessing a remarkable increase of 163% compared to the previous month. As for its value, skim milk exports surged to $949K in September 2023.
69
Whole Fresh Milk exports peaked at 317K tons in 2021, but failed to regain momentum from 2022 to 2023. In value terms, Whole Fresh Milk exports declined to $163M in 2023.
110
In July 2023, Whole Fresh Milk exports saw the highest rate of growth with a 16% increase month-over-month. However, in January 2024, Whole Fresh Milk exports significantly dropped in value to $10M.
155
Throughout the period from February 2023 to December 2023, there was a slight decrease in the growth of exports. In December 2023, the export value of Whole Fresh Milk reached $14M.
396
Explore the top import markets for milk based on the data provided by the IndexBox platform. Discover the countries with the highest import values for milk in 2022.
272
From the shift towards plant-based alternatives to the growing demand for organic and sustainable milk products, the milk market is undergoing significant changes.
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The global milk market reduced to $778.1B in 2021, remaining constant against the previous year.
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Driven by increasing demand worldwide, the milk market is forecast to expand with an anticipated CAGR of +1.7% for the period from 2020 to 2030, which is projected to bring the market volume to 1.2B tons by the end of 2030.
1393
Germany dominated in the global milk trade in 2014. In 2014, Germany exported X thousand tons of milk totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total milk exports in
