Australia and Oceania: Market for Powdered, Condensed Or Evaporated Milk 2024

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

In 2022, the market for powdered, condensed or evaporated milk in Australia and Oceania decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a perceptible contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

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

In value terms, powdered, condensed or evaporated milk production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

New Zealand (X tons) constituted the country with the largest volume of powdered, condensed or evaporated milk production, comprising approx. X% of total volume. Moreover, powdered, condensed or evaporated milk production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), more than tenfold.

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

Exports of Powdered, Condensed Or Evaporated Milk

Exports in Australia and Oceania

In 2022, exports of powdered, condensed or evaporated milk in Australia and Oceania soared to X tons, rising by X% compared with 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, powdered, condensed or evaporated milk exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Australia (X tons), comprising an X% share of total exports.

New Zealand was also the fastest-growing in terms of the powdered, condensed or evaporated milk exports, with a CAGR of X% from 2012 to 2022. Australia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

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

In New Zealand, powdered, condensed or evaporated milk exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated modest growth 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, condensed or evaporated milk export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Powdered, Condensed Or Evaporated Milk

Imports in Australia and Oceania

In 2022, overseas purchases of powdered, condensed or evaporated milk decreased by X% to X tons, falling for the second consecutive year after seven years of growth. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk imports stood at $X in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. New Zealand (X tons) held the second position in the ranking, followed by Fiji (X tons). All these countries together took near X% share of total imports. The following importers - Papua New Guinea (X tons) and New Caledonia (X tons) - each amounted to a X% share of total imports.

Australia was also the fastest-growing in terms of the powdered, condensed or evaporated milk imports, with a CAGR of X% from 2012 to 2022. At the same time, Fiji (X%) displayed positive paces of growth. By contrast, New Caledonia (X%), Papua New Guinea (X%) and New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while New Caledonia, Fiji, Papua New Guinea and New Zealand saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

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

In Australia, powdered, condensed or evaporated milk imports expanded at an average annual rate of X% over the period from 2012-2022. 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

In 2022, the import price in Australia and Oceania amounted to $X per ton, 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 pace of growth appeared 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 Fiji ($X per ton) and New Caledonia ($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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