Report Update: Dec 1, 2023

Australia - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights

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Whole Fresh Milk Price in Australia - 2023

Name: Whole Fresh Milk Price in Australia - 2023
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Whole Fresh Milk Price Australia, IndexBox, market research, global market, publisher

Whole Fresh Milk Price in Australia (FOB) - 2023

The average whole fresh milk export price stood at $970 per ton in August 2023, falling by -4.6% against the previous month. Over the period under review, export price indicated a notable expansion from September 2022 to August 2023: its price increased at an average monthly rate of +2.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, whole fresh milk export price decreased by -8.6% against June 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 49% m-o-m. Over the period under review, the average export prices reached the maximum at $1,062 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Hong Kong SAR ($1,658 per ton), while the average price for exports to Malaysia ($800 per ton) was amongst the lowest.

From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Price in Australia (CIF) - 2023

In August 2023, the average whole fresh milk import price amounted to $882 per ton, waning by -4.8% against the previous month. Overall, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in April 2023 an increase of 56% month-to-month. As a result, import price attained the peak level of $1,801 per ton. From May 2023 to August 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From September 2022 to August 2023, the rate of growth in terms of prices for Italy amounted to +1.7% per month.

Whole Fresh Milk Exports in Australia

In 2022, after three years of growth, there was significant decline in overseas shipments of whole fresh milk, when their volume decreased by -7.3% to 294K tons. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of 317K tons, and then declined in the following year.

In value terms, whole fresh milk exports contracted to $191M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, the exports attained the peak of $215M, and then dropped in the following year.

Export of Whole Fresh Milk in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	64.5	76.1	101	77.9	6.5%
Singapore	31.6	32.5	34.7	30.5	-1.2%
Philippines	11.3	13.7	14.0	18.5	17.9%
Malaysia	17.0	15.9	15.0	14.1	-6.0%
Vietnam	9.5	13.3	13.6	13.1	11.3%
Hong Kong SAR	16.0	14.1	14.9	11.5	-10.4%
Papua New Guinea	5.1	4.8	5.6	5.6	3.2%
Others	19.0	16.9	16.6	19.8	1.4%
Total	174	187	215	191	3.2%

Top Export Markets for Whole Fresh Milk from Australia in 2022:

China (153.8K tons)
Singapore (45.2K tons)
Philippines (26.4K tons)
Malaysia (19.0K tons)
Vietnam (13.6K tons)
Hong Kong SAR (9.6K tons)
Papua New Guinea (4.9K tons)

Whole Fresh Milk Imports in Australia

In 2022, overseas purchases of whole fresh milk were finally on the rise to reach 1.8K tons after two years of decline. Over the period under review, imports, however, continue to indicate a deep setback.

In value terms, whole fresh milk imports surged to $2.3M in 2022. Overall, imports, however, recorded a noticeable slump.

Import of Whole Fresh Milk in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	1.9	1.4	1.4	1.7	-3.6%
Italy	0.7	0.3	0.6	0.7	0.0%
Others	N/A	0.3	N/A	N/A	0%
Total	2.6	2.0	2.0	2.3	-4.0%

Top Suppliers of Whole Fresh Milk to Australia in 2022:

New Zealand (1563.6 tons)
Italy (220.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the whole fresh 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

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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption In 2012-2022
5. Imports, In Physical Terms, By Country, 2012–2022
6. Imports, In Value Terms, By Country, 2012–2022
7. Import Prices, By Country Of Origin, 2012–2022
8. Exports, In Physical Terms, By Country, 2012–2022
9. Exports, In Value Terms, By Country, 2012–2022
10. Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
5. Trade Balance, In Physical Terms, 2012-2022
6. Trade Balance, In Value Terms, 2012-2022
7. Per Capita Consumption, 2012-2022
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, 2012–2022
23. Production, In Value Terms, 2012–2022
24. Producing Animals Slaughtered, 2012–2022
25. Yield, 2012–2022
26. Imports, In Physical Terms, 2012–2022
27. Imports, In Value Terms, 2012–2022
28. Imports, In Physical Terms, By Country, 2022
29. Imports, In Physical Terms, By Country, 2012–2022
30. Imports, In Value Terms, By Country, 2012–2022
31. Import Prices, By Country Of Origin, 2012–2022
32. Exports, In Physical Terms, 2012–2022
33. Exports, In Value Terms, 2012–2022
34. Exports, In Physical Terms, By Country, 2022
35. Exports, In Physical Terms, By Country, 2012–2022
36. Exports, In Value Terms, By Country, 2012–2022
37. Export Prices, By Country Of Destination, 2012–2022