Australia: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Australia

The Australian whole fresh milk market amounted to $X in 2022, stabilizing at the previous year. Overall, consumption recorded a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Whole Fresh Milk Production in Australia

In value terms, whole fresh milk production amounted to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Whole fresh milk production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Whole Fresh Milk Exports

Exports from Australia

In 2022, overseas shipments of whole fresh milk decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, whole fresh milk exports reduced to $X in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

China (X tons) was the main destination for whole fresh milk exports from Australia, accounting for a X% share of total exports. Moreover, whole fresh milk exports to China exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($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 Samoa (X%), while the prices for the other major destinations experienced a decline.

Whole Fresh Milk Imports

Imports into Australia

In 2022, supplies from abroad of whole fresh milk was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a perceptible decline. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, whole fresh milk imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest whole fresh milk supplier to Australia, accounting for a X% share of total imports. Moreover, whole fresh milk imports from New Zealand exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold.

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

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

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

Import Prices by Country

The average whole fresh milk import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($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 New Zealand (X%).

Source: IndexBox Platform

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