
New Zealand - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights
New Zealand: Whole Fresh Milk Market 2023
Whole Fresh Milk Market Size in New Zealand
The New Zealand whole fresh milk market fell slightly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained 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 fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.
Whole Fresh Milk Exports
Exports from New Zealand
In 2022, exports of whole fresh milk from New Zealand skyrocketed to X tons, increasing by 50% against the previous year's figure. Over the period under review, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, whole fresh milk exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
China (X tons) was the main destination for whole fresh milk exports from New Zealand, with a 74% share of total exports. Moreover, whole fresh milk exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 5.6% share.
From 2012 to 2022, the average annual growth rate of volume to China stood at +31.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-3.1% per year) and Taiwan (Chinese) (+23.6% per year).
In value terms, China ($X) remains the key foreign market for whole fresh milk exports from New Zealand, comprising 77% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 5.8% share of total exports. It was followed by Taiwan (Chinese), with a 5.6% share.
From 2012 to 2022, the average annual growth rate of value to China stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-2.8% per year) and Taiwan (Chinese) (+27.3% per year).
Export Prices by Country
The average whole fresh milk export price stood at $X per ton in 2022, with an increase of 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($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 (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Whole Fresh Milk Imports
Imports into New Zealand
In 2022, the amount of whole fresh milk imported into New Zealand surged to X tons, rising by 125% on the previous year's figure. In general, imports enjoyed a buoyant expansion. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, whole fresh milk imports surged to $X in 2022. Overall, imports recorded pronounced growth. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, Australia (X tons) was the main supplier of whole fresh milk to New Zealand, with a 92% share of total imports. Moreover, whole fresh milk imports from Australia exceeded the figures recorded by the second-largest supplier, Fiji (X tons), more than tenfold.
From 2012 to 2022, the average annual growth rate of volume from Australia totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (+253.7% per year) and India (+56.4% per year).
In value terms, Australia ($X) constituted the largest supplier of whole fresh milk to New Zealand, comprising 91% of total imports. The second position in the ranking was held by Fiji ($X), with a 4.4% share of total imports.
From 2012 to 2022, the average annual growth rate of value from Australia amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (+216.2% per year) and India (+47.2% per year).
Import Prices by Country
The average whole fresh milk import price stood at $X per ton in 2022, falling by -20.8% against the previous year. Overall, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Fiji ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.9%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the whole fresh milk market in New Zealand. 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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