Australia - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in Australia - 2023
Contents:
- Price for Sweetened Condensed and Evaporated Milk in Australia (FOB) - 2023
- Price for Sweetened Condensed and Evaporated Milk in Australia (CIF) - 2023
- Exports of Sweetened Condensed and Evaporated Milk in Australia
- Imports of Sweetened Condensed and Evaporated Milk in Australia
Price for Sweetened Condensed and Evaporated Milk in Australia (FOB) - 2023
In July 2023, the average export price for condensed or evaporated milk (sweetened) amounted to $1,583 per ton, surging by 1.6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 31% against the previous month. Over the period under review, the average export prices hit record highs at $2,140 per ton in October 2022; however, from November 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($3,075 per ton), while the average price for exports to the Philippines ($890 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sweetened Condensed and Evaporated Milk in Australia (CIF) - 2023
In July 2023, the average import price for condensed or evaporated milk (sweetened) amounted to $2,974 per ton, flattening at the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.8%. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 15% month-to-month. Over the period under review, average import prices reached the maximum at $3,062 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,876 per ton), while the price for the Philippines ($2,150 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sweetened Condensed and Evaporated Milk in Australia
In 2022, approx. 20K tons of condensed or evaporated milk (sweetened) were exported from Australia; reducing by -10% compared with the previous year. Over the period under review, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.2%. As a result, the exports attained the peak of 22K tons, and then declined in the following year.
In value terms, sweetened condensed and evaporated milk exports dropped to $33M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, the exports reached the peak of $36M, and then fell in the following year.
| Export of Sweetened Condensed and Evaporated Milk in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.3 | 13.9 | 12.3 | 8.9 | -10.2% |
| Japan | 3.6 | 0.1 | 0.2 | 6.8 | 23.6% |
| New Zealand | 8.3 | 7.5 | 6.2 | 6.0 | -10.3% |
| Vietnam | 0.4 | 0.3 | 1.3 | 2.5 | 84.2% |
| Singapore | 0.5 | 0.5 | 1.1 | 2.0 | 58.7% |
| Malaysia | 1.7 | 2.1 | 7.6 | 1.2 | -11.0% |
| Hong Kong SAR | 1.2 | 2.1 | 0.9 | 0.9 | -9.1% |
| Vanuatu | 0.4 | 0.6 | 0.7 | 0.8 | 26.0% |
| Myanmar | 2.5 | 3.0 | 2.3 | N/A | -4.1% |
| Others | 1.9 | 2.7 | 3.2 | 3.7 | 24.9% |
| Total | 32.8 | 32.7 | 35.9 | 32.9 | 0.1% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from Australia in 2022:
- Myanmar (undefinedK tons)
- China (6.8K tons)
- New Zealand (4.2K tons)
- Japan (3.2K tons)
- Vietnam (1.9K tons)
- Singapore (1.2K tons)
- Malaysia (0.5K tons)
- Vanuatu (0.4K tons)
- Hong Kong SAR (0.4K tons)
Imports of Sweetened Condensed and Evaporated Milk in Australia
In 2022, the amount of condensed or evaporated milk (sweetened) imported into Australia was estimated at 10K tons, surging by 14% compared with the previous year. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 139%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, sweetened condensed and evaporated milk imports skyrocketed to $24M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 139% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Sweetened Condensed and Evaporated 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 | 0.2 | 3.9 | 4.1 | 4.7 | 186.4% |
| Netherlands | 4.9 | 4.8 | 3.6 | 3.8 | -8.1% |
| Germany | 0.1 | 0.3 | 1.3 | 2.1 | 175.9% |
| Belgium | 0.7 | 0.8 | 0.5 | 0.8 | 4.6% |
| Others | 0.4 | 1.0 | 1.1 | 1.0 | 35.7% |
| Total | 6.3 | 15.1 | 18.9 | 24.0 | 56.2% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to Australia in 2022:
- Spain (5.0K tons)
- Lithuania (2.1K tons)
- Netherlands (1.7K tons)
- Germany (0.8K tons)
- Belgium (0.2K tons)
This report provides an in-depth analysis of the market for sweetened condensed and evaporated 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 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
- 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 VOLUME AND VALUE
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
- 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
- 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 market for sweetened condensed and evaporated milk in Australia.
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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.
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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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Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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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.
220
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.
