New Zealand: Whole Fresh Milk Market 2023

Whole Fresh Milk Market Size in New Zealand

The New Zealand whole fresh milk market shrank modestly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Whole Fresh Milk Production in New Zealand

In value terms, whole fresh milk production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Whole Fresh Milk Exports

Exports from New Zealand

Whole fresh milk exports from New Zealand expanded modestly to X tons in 2022, with an increase of X% on 2021 figures. In general, exports saw strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, whole fresh milk exports amounted to $X in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for whole fresh milk exports from New Zealand, accounting for a X% share of total exports. Moreover, whole fresh milk exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), ninefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 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: the Philippines (X% per year) and Taiwan (Chinese) (X% per year).

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

From 2012 to 2022, 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: the Philippines (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Whole Fresh Milk Imports

Imports into New Zealand

In 2022, approx. X tons of whole fresh milk were imported into New Zealand; growing by X% on 2021 figures. Overall, imports saw buoyant growth. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, whole fresh milk imports soared to $X in 2022. In general, imports recorded pronounced growth. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (X% per year) and India (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Fiji ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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