Australia: Whole Fresh Milk Market 2023

Whole Fresh Milk Market Size in Australia

The Australian whole fresh milk market reached $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption saw a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Australia

In value terms, whole fresh milk production reached $X in 2022 estimated in export price. In general, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from Australia

After three years of growth, overseas shipments of whole fresh milk decreased by -7.3% to X tons in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 49%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, whole fresh milk exports fell to $X in 2022. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 43%. Over the period under review, the exports attained 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 52% 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 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+5.1% per year) and the Philippines (+28.9% per year).

In value terms, China ($X) remains the key foreign market for whole fresh milk exports from Australia, comprising 41% of total exports. The second position in the ranking was held by Singapore ($X), with a 16% share of total exports. It was followed by the Philippines, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+2.5% per year) and the Philippines (+27.8% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, declining by -4.3% against the previous year. In general, the export price showed a noticeable decline. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external 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 (-0.4%), while the prices for the other major destinations experienced a decline.

Whole Fresh Milk Imports

Imports into Australia

In 2022, overseas purchases of whole fresh milk were finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 54%. 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 surged to $X in 2022. Over the period under review, imports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2014 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of whole fresh milk to Australia, with a 88% 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 amounted to -5.6%.

In value terms, New Zealand ($X) constituted the largest supplier of whole fresh milk to Australia, comprising 71% of total imports. The second position in the ranking was held by Italy ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand amounted to -7.2%.

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, which is down by -1.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 48%. 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.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 (-1.7%).

Source: IndexBox Platform

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