Australia - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Evaporated and Condensed Milk in Australia - 2023
Contents:
- Price for Evaporated and Condensed Milk in Australia (FOB) - 2023
- Price for Evaporated and Condensed Milk in Australia (CIF) - 2023
- Exports of Evaporated and Condensed Milk in Australia
- Imports of Evaporated and Condensed Milk in Australia
Price for Evaporated and Condensed Milk in Australia (FOB) - 2023
The average evaporated and condensed milk export price stood at $2,406 per ton in August 2023, surging by 8.1% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 20% against the previous month. As a result, the export price attained the peak level of $2,561 per ton. From January 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Japan ($4,469 per ton), while the average price for exports to Vietnam ($1,343 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Evaporated and Condensed Milk in Australia (CIF) - 2023
In August 2023, the average evaporated and condensed milk import price amounted to $2,748 per ton, with a decrease of -8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 12% month-to-month. Over the period under review, average import prices hit record highs at $3,083 per ton in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($5,498 per ton), while the price for South Korea ($1,768 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Evaporated and Condensed Milk in Australia
In 2022, the amount of evaporated and condensed milk exported from Australia amounted to 53K tons, flattening at the year before. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 6.9%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, evaporated and condensed milk exports rose modestly to $111M in 2022. The total export value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 8.1%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
| Export of Evaporated and Condensed Milk in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 15.6 | 27.6 | 25.9 | 27.7 | 21.1% |
| Taiwan (Chinese) | 36.0 | 35.9 | 34.2 | 26.4 | -9.8% |
| China | 16.8 | 18.2 | 21.3 | 16.7 | -0.2% |
| Japan | 8.5 | 3.2 | 4.8 | 10.9 | 8.6% |
| New Zealand | 8.9 | 7.6 | 6.3 | 6.1 | -11.8% |
| Vietnam | 0.4 | 0.3 | 2.4 | 5.6 | 141.0% |
| Indonesia | 1.6 | 1.1 | 1.9 | 5.1 | 47.2% |
| Myanmar | 2.5 | 3.0 | 2.3 | N/A | -4.1% |
| Others | 6.2 | 7.3 | 8.0 | 12.9 | 27.7% |
| Total | 96.5 | 104 | 107 | 111 | 4.8% |
Top Export Markets for Evaporated and Condensed Milk from Australia in 2022:
- Myanmar (undefinedK tons)
- Malaysia (13.7K tons)
- China (10.3K tons)
- Taiwan (Chinese) (10.0K tons)
- New Zealand (4.3K tons)
- Japan (4.0K tons)
- Vietnam (3.1K tons)
- Indonesia (2.1K tons)
Imports of Evaporated and Condensed Milk in Australia
In 2022, imports of evaporated and condensed milk into Australia expanded markedly to 14K tons, increasing by 14% against the previous year. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 129% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, evaporated and condensed milk imports skyrocketed to $33M in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 132% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Evaporated and Condensed Milk in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 4.3 | 8.3 | 11.7 | 65.0% |
| Lithuania | 0.6 | 4.8 | 5.5 | 6.2 | 117.8% |
| Mexico | N/A | 0.4 | 3.1 | 4.7 | 242.8% |
| Netherlands | 5.3 | 5.4 | 4.1 | 4.4 | -6.0% |
| Germany | 0.4 | 0.7 | 1.6 | 2.4 | 81.7% |
| Belgium | 0.7 | 0.8 | 1.0 | 2.3 | 48.7% |
| Others | 0.5 | 1.1 | 1.5 | 1.2 | 33.9% |
| Total | 7.5 | 17.4 | 25.0 | 33.0 | 63.9% |
Top Suppliers of Evaporated and Condensed Milk to Australia in 2022:
- Spain (5.0K tons)
- Lithuania (2.9K tons)
- Netherlands (2.1K tons)
- Mexico (2.0K tons)
- Germany (1.0K tons)
- Belgium (0.4K tons)
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:
- 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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The growth pace in March 2023 was the fastest yet, seeing a 44% month-to-month increase. The value of Evaporated And Condensed Milk exports slightly dropped to $9.3M in November 2023.
221
In August 2023, the exports of Evaporated And Condensed Milk reached its peak, with a value of $12M.
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In August 2022, the powdered milk price stood at $5,555 per ton (FOB, Australia), increasing by 6.6% against the previous month.
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New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
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Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
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The growth pace in March 2023 was the fastest yet, seeing a 44% month-to-month increase. The value of Evaporated And Condensed Milk exports slightly dropped to $9.3M in November 2023.
221
In August 2023, the exports of Evaporated And Condensed Milk reached its peak, with a value of $12M.
412
In August 2022, the powdered milk price stood at $5,555 per ton (FOB, Australia), increasing by 6.6% against the previous month.
