Australia: Whole Powdered Milk Market 2024

Whole Powdered Milk Market Size in Australia

The Australian whole powdered milk market reduced to $X in 2022, waning by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Whole Powdered Milk Production in Australia

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

Whole Powdered Milk Exports

Exports from Australia

In 2022, overseas shipments of whole powdered milk increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, whole powdered milk exports rose to $X in 2022. Over the period under review, exports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), China (X tons) and Thailand (X tons) were the main destinations of whole powdered milk exports from Australia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for whole powdered milk exported from Australia were China ($X), the United Arab Emirates ($X) and Indonesia ($X), with a combined X% share of total exports. Thailand, Singapore, Vietnam, Oman, Bangladesh and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average whole powdered milk export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, export price indicated a moderate 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, whole powdered milk export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Bangladesh ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Powdered Milk Imports

Imports into Australia

Whole powdered milk imports into Australia rose significantly to X tons in 2022, growing by X% on the previous year. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, whole powdered milk imports expanded notably to $X in 2022. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, New Zealand (X tons) was the main whole powdered milk supplier to Australia, accounting for a X% share of total imports. It was followed by Norway (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Norway (X% per year).

Import Prices by Country

The average whole powdered milk import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

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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