Australia and Oceania: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Australia and Oceania

The market for condensed or evaporated milk (unsweetened) in Australia and Oceania shrank rapidly to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a noticeable descent. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Australia and Oceania

In value terms, unsweetened condensed and evaporated milk production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports in Australia and Oceania

For the fourth year in a row, Australia and Oceania recorded growth in shipments abroad of condensed or evaporated milk (unsweetened), which increased by X% to X tons in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk exports skyrocketed to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Australia represented the main exporter of condensed or evaporated milk (unsweetened) in Australia and Oceania, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X tons), constituting a X% share of total exports.

Exports from Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest unsweetened condensed and evaporated milk supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports in Australia and Oceania

In 2022, purchases abroad of condensed or evaporated milk (unsweetened) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports surged to $X in 2022. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Fiji (X tons), New Zealand (X tons) and French Polynesia (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the condensed or evaporated milk (unsweetened) imports, with a CAGR of X% from 2012 to 2022. Fiji (X%), French Polynesia (X%) and New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by X percentage points.

In value terms, Australia ($X) constitutes the largest market for imported condensed or evaporated milk (unsweetened) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

In Australia, unsweetened condensed and evaporated milk imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Fiji (X% per year) and New Zealand (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in New Zealand ($X per ton) and Australia ($X per ton), while Fiji ($X per ton) and French Polynesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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