Australia and Oceania: Powdered Milk Market 2024

Powdered Milk Market Size in Australia and Oceania

In 2022, the powdered milk market in Australia and Oceania was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Powdered Milk Production in Australia and Oceania

In value terms, powdered milk production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The country with the largest volume of powdered milk production was New Zealand (X tons), accounting for X% of total volume. Moreover, powdered milk production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), ninefold.

In New Zealand, powdered milk production increased at an average annual rate of X% over the period from 2012-2022.

Powdered Milk Exports

Exports in Australia and Oceania

In 2022, the amount of powdered milk exported in Australia and Oceania contracted to X tons, which is down by X% against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, powdered milk exports reduced modestly to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Australia (X tons), making up an X% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of powdered milk. Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

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

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

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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%).

Powdered Milk Imports

Imports in Australia and Oceania

In 2022, overseas purchases of powdered milk decreased by X% to X tons, falling for the second year in a row after seven years of growth. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, powdered milk imports stood at $X in 2022. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Fiji (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by New Zealand (X%). Papua New Guinea (X tons) and New Caledonia (X tons) took a relatively small share of total imports.

Australia was also the fastest-growing in terms of the powdered milk imports, with a CAGR of X% from 2012 to 2022. At the same time, Fiji (X%) displayed positive paces of growth. By contrast, Papua New Guinea (X%), New Caledonia (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 ($X) constitutes the largest market for imported powdered milk in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: 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, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in New Zealand ($X per ton) and Fiji ($X per ton), while Papua New Guinea ($X per ton) and Australia ($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 more modest paces of growth.

Source: IndexBox Platform

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