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Australia - Milk - Market Analysis, Forecast, Size, Trends and Insights
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Australia: Milk Market Overview 2021

Milk Market Size in Australia

In 2019, after two years of growth, there was significant decline in the Australian milk market, when its value decreased by -X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Milk consumption peaked at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Milk Production in Australia

In value terms, milk production declined to $X in 2019 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Milk production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

The average yield of milk in Australia rose sharply to X tonnes per head in 2019, increasing by X% on 2018 figures. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the yield reached the peak level and is likely to continue growth in the immediate term.

In 2019, approx. X heads of producing animals were grown in Australia; falling by -X% against 2018 figures. Overall, the number of producing animals saw a pronounced curtailment. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, this number attained the peak level at X heads in 2007; however, from 2008 to 2019, producing animals remained at a lower figure.

Milk Exports

Exports from Australia

Milk exports from Australia soared to X tonnes in 2019, with an increase of X% compared with the previous year's figure. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure in 2019 and are likely to see steady growth in the near future.

In value terms, milk exports stood at $X in 2019. Overall, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure in 2019 and are expected to retain growth in years to come.

Exports by Country

China (X tonnes) was the main destination for milk exports from Australia, with a X% share of total exports. Moreover, milk exports to China exceeded the volume sent to the second major destination, Singapore (X tonnes), twofold. Malaysia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and Malaysia (+X% per year).

In value terms, China ($X) remains the key foreign market for milk exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

In 2019, the average milk export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Milk Imports

Imports into Australia

After two years of growth, purchases abroad of milk decreased by -X% to X tonnes in 2019. Over the period under review, imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, milk imports fell to $X in 2019. In general, total imports indicated modest growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Imports peaked at $X in 2018, and then declined in the following year.

Imports by Country

In 2019, New Zealand (X tonnes) was the main milk supplier to Australia, accounting for a X% share of total imports. Moreover, milk imports from New Zealand exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from New Zealand totaled -X%.

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

From 2007 to 2019, the average annual growth rate of value from New Zealand totaled +X%.

Import Prices by Country

In 2019, the average milk import price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% y-o-y. The import price peaked in 2019 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for New Zealand totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for milk in the world?
+
The countries with the highest volumes of milk consumption in 2019 were India (190M tonnes), the U.S. (117M tonnes) and Pakistan (56M tonnes), with a combined 36% share of global consumption. Germany, China, Brazil, Russia, France, Turkey, New Zealand, Colombia, the UK and the Netherlands lagged somewhat behind, together accounting for a further 31%.
What are the largest producers of milk in the world?
+
The countries with the highest volumes of milk production in 2019 were India (190M tonnes), the U.S. (117M tonnes) and Pakistan (56M tonnes), together accounting for 36% of global production. Germany, Brazil, China, Russia, France, Turkey, New Zealand, Colombia, the UK and Poland lagged somewhat behind, together accounting for a further 31%.
What are the leading suppliers of milk to Australia?
+
In value terms, New Zealand ($10M) constituted the largest supplier of milk to Australia, comprising 91% of total imports. The second position in the ranking was occupied by Italy ($740K), with a 6.6% share of total imports.
What are the leading importers of milk from Australia?
+
In value terms, China ($91M) remains the key foreign market for milk exports from Australia, comprising 41% of total exports. The second position in the ranking was occupied by Singapore ($36M), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 9.7% share.
What is the average export price for milk in Australia?
+
In 2019, the average milk export price amounted to $899 per tonne, with a decrease of -10.7% against the previous year.
What is the average import price for milk in Australia?
+
The average milk import price stood at $1,597 per tonne in 2019, surging by 12% against the previous year.

Product coverage:
• FCL 1130 - Camel milk
• FCL 882 - Cow milk, whole (fresh)
• FCL 1020 - Goat milk
• FCL 982 - Sheep milk
• FCL 951 - Buffalo milk
• FCL 888 - Skim Milk of Cows

This report provides an in-depth analysis of the milk market in Australia. 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 2025.


Country coverage:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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