Australia - Dairy Spreads - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAustralian Dairy Spread Price Drops to $2,516 per Ton
Australia Dairy Spread Export Price in December 2022
In December 2022, the dairy spread price amounted to $2,516 per ton (FOB, Australia), with a decrease of -54% against the previous month. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in May 2022 an increase of 12% m-o-m. Over the period under review, the average export prices attained the peak figure at $5,976 per ton in October 2022; however, from November 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was South Korea ($5,200 per ton), while the average price for exports to Cook Islands stood at $542 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Australia Dairy Spread Exports
In December 2022, shipments abroad of dairy spreads was finally on the rise to reach 87 tons for the first time since July 2022, thus ending a four-month declining trend. Over the period under review, exports, however, showed a drastic downturn. Over the period under review, the exports hit record highs at 739 tons in March 2022; however, from April 2022 to December 2022, the exports failed to regain momentum.
In value terms, dairy spread exports expanded significantly to $218K (IndexBox estimates) in December 2022. In general, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in July 2022 when exports increased by 101% month-to-month. The exports peaked at 3.4K tons in March 2022; however, from April 2022 to December 2022, the exports remained at a lower figure.
Australia Dairy Spread Exports by Country
Cook Islands (50 tons) and South Korea (37 tons) were the main destinations of dairy spread exports from Australia.
From December 2021 to December 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cook Islands (with a CAGR of 0.0%).
In value terms, South Korea ($191K) remains the key foreign market for dairy spread exports from Australia, comprising 88% of total exports. The second position in the ranking was taken by Cook Islands ($27K), with a 12% share of total exports.
From December 2021 to December 2022, the average monthly rate of growth in terms of value to South Korea amounted to -14.7%.
Lower Dairy Prices Put Strain on Producers
The fall in prices can be attributed to a multitude of factors, including lower demand from international markets, and an oversupply of product. While the lower prices may be good news for consumers, it is causing significant strain on the producers, with many farmers struggling to break even. Some have even been forced to cull their herds and cut back on production in order to stay afloat.
Industry experts are warning that these conditions are likely to persist in the short term, with many farmers facing an uncertain future. They are calling for urgent government intervention, including financial assistance and regulatory support, to help the industry weather the storm and emerge stronger in the long run.
This report provides an in-depth analysis of the dairy spread market in Australia. 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.
Product coverage:
- Prodcom 10513070 - Dairy spreads of a fat content by weight < .80 %
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
