Australia: Cream Fresh Market 2024

Cream Fresh Market Size in Australia

In 2022, the Australian cream fresh market decreased by X% to $X, falling for the third year in a row after five years of growth. Over the period under review, the total consumption indicated a modest 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, consumption decreased by X% against 2019 indices. Cream fresh consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cream Fresh Production in Australia

In value terms, cream fresh production fell slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cream Fresh Exports

Exports from Australia

In 2022, shipments abroad of cream fresh increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports recorded a moderate increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cream fresh exports soared to $X in 2022. Overall, total exports indicated perceptible growth 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 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for cream fresh exports from Australia, with a X% share of total exports. Moreover, cream fresh exports to China exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. American Samoa (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and American Samoa (X% per year).

In value terms, China ($X) remains the key foreign market for cream fresh exports from Australia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average cream fresh export price amounted to $X per ton, approximately reflecting the previous year. Overall, export price indicated a modest 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, cream fresh export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Guam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Australia

In 2022, approx. X tons of cream fresh were imported into Australia; with an increase of X% compared with 2021 figures. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cream fresh imports surged to $X in 2022. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, New Zealand (X tons) was the main supplier of cream fresh to Australia, accounting for a X% share of total imports. Moreover, cream fresh imports from New Zealand exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from New Zealand stood at X%.

In value terms, New Zealand ($X) constituted the largest supplier of cream fresh to Australia, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand stood at X%.

Import Prices by Country

In 2022, the average cream fresh import price amounted to $X per ton, jumping by X% against the previous year. Overall, import 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, cream fresh import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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