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Australia and Oceania - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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Australia and Oceania: Market for Powdered, Evaporated And Condensed Milk 2022

Market Size for Powdered, Evaporated And Condensed Milk in Australia and Oceania

After three years of growth, the market for powdered, evaporated and condensed milk in Australia and Oceania decreased by -24.1% to $X in 2021. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Australia and Oceania

In value terms, powdered, evaporated and condensed milk production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Australia and Oceania

In 2021, approx. X tons of powdered, evaporated and condensed milk were exported in Australia and Oceania; rising by 17% on the year before. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, powdered, evaporated and condensed milk exports skyrocketed to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.9% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 24%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand represented the main exporting country with an export of about X tons, which finished at 89% of total exports. It was distantly followed by Australia (X tons), generating an 11% share of total exports.

New Zealand was also the fastest-growing in terms of the powdered, evaporated and condensed milk exports, with a CAGR of +3.1% from 2012 to 2021. Australia (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +4.4 percentage points.

In value terms, New Zealand ($X) remains the largest powdered, evaporated and condensed milk supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was held by Australia ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in New Zealand stood at +2.6%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 4.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.4%).

Imports of Powdered, Evaporated And Condensed Milk

Imports in Australia and Oceania

In 2021, after seven years of growth, there was decline in supplies from abroad of powdered, evaporated and condensed milk, when their volume decreased by -0.8% to X tons. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 26%. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced modestly in the following year.

In value terms, powdered, evaporated and condensed milk imports reduced to $X in 2021. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 27%. Over the period under review, imports attained the maximum at $X in 2020, and then shrank slightly in the following year.

Imports by Country

Australia was the largest importer of powdered, evaporated and condensed milk in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 63% of total imports in 2021. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together achieving a 28% share of total imports. The following importers - Papua New Guinea (X tons) and New Caledonia (X tons) - each accounted for a 3.8% share of total imports.

Australia was also the fastest-growing in terms of the powdered, evaporated and condensed milk imports, with a CAGR of +13.5% from 2012 to 2021. At the same time, Fiji (+9.1%) and New Zealand (+4.9%) displayed positive paces of growth. By contrast, New Caledonia (-2.7%) and Papua New Guinea (-5.2%) illustrated a downward trend over the same period. While the share of Australia (+20 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Caledonia (-3.3 p.p.), Papua New Guinea (-4.7 p.p.) and New Zealand (-6.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported powdered, evaporated and condensed milk in Australia and Oceania, comprising 65% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports. It was followed by Fiji, with a 12% share.

In Australia, powdered, evaporated and condensed milk imports expanded at an average annual rate of +18.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+4.1% per year) and Fiji (+7.8% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 when the import price increased by 26%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in New Caledonia ($X per ton) and Australia ($X per ton), while Papua New Guinea ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in Australia and Oceania?
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The countries with the highest volumes of consumption in 2021 were New Zealand, Australia and Fiji, together accounting for 96% of total consumption.
What are the largest producers of powdered, evaporated and condensed milk in Australia and Oceania?
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New Zealand constituted the country with the largest volume of powdered, evaporated and condensed milk production, comprising approx. 89% of total volume. Moreover, powdered, evaporated and condensed milk production in New Zealand exceeded the figures recorded by the second-largest producer, Australia, eightfold.
What are the leading exporters of powdered, evaporated and condensed milk in Australia and Oceania?
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In value terms, New Zealand remains the largest powdered, evaporated and condensed milk supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was taken by Australia, with a 12% share of total exports.
What are the leading importers of powdered, evaporated and condensed milk in Australia and Oceania?
+
In value terms, Australia constitutes the largest market for imported powdered, evaporated and condensed milk in Australia and Oceania, comprising 65% of total imports. The second position in the ranking was taken by New Zealand, with a 15% share of total imports. It was followed by Fiji, with a 12% share.
What is the average export price for powdered, evaporated and condensed milk in Australia and Oceania?
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In 2021, the export price in Australia and Oceania amounted to $3,232 per ton, growing by 4.4% against the previous year.
What is the average import price for powdered, evaporated and condensed milk in Australia and Oceania?
+
In 2021, the import price in Australia and Oceania amounted to $3,625 per ton, flattening at the previous year.

This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Australia and Oceania. 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 897 - Dry Whole Cow Milk
• FCL 898 - Dry Skim Cow Milk
• FCL 889 - Whole Milk, Condensed
• FCL 894 - Whole Milk, Evaporated
• FCL 895 - Skim Milk, Evaporated
• FCL 896 - Skim Milk, Condensed
Country coverage:
• American Samoa
• Cook Islands
• Fiji
• French Polynesia
• Guam
• Kiribati
• Marshall Islands
• Micronesia
• Nauru
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Australia and Oceania, split by region and country
• Trade (exports and imports) in Australia and Oceania
• 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Australia
• Cook Islands
• Fiji
• French Polynesia
• Kiribati
• Marshall Islands
• Micronesia
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands
• American Samoa
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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