Australia - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia's Evaporated and Condensed Milk Exports See Slight Decline to $107M in 2023
Australia Evaporated And Condensed Milk Exports
In 2023, overseas shipments of evaporated and condensed milk decreased by -11.9% to 45K tons, falling for the second year in a row after three years of growth. Overall, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 54% against the previous year. Over the period under review, the exports hit record highs at 53K tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.
In value terms, evaporated and condensed milk exports declined slightly to $107M (IndexBox estimates) in 2023. In general, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 40%. Over the period under review, the exports hit record highs at $111M in 2022, and then fell modestly in the following year.
| COUNTRY | Export Value of Evaporated And Condensed Milk in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Taiwan (Chinese) | 0.4 | 3.9 | 14.6 | 26.2 | 32.9 | 28.5 | 36.0 | 35.9 | 34.4 | 26.4 | 28.3 |
| Malaysia | 3.9 | 5.1 | 4.0 | 3.7 | 4.7 | 7.0 | 15.7 | 27.8 | 26.5 | 27.7 | 26.7 |
| Qatar | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.6 | 10.7 |
| China | 0.8 | 1.2 | 2.1 | 6.9 | 13.4 | 9.7 | 17.7 | 19.5 | 22.1 | 16.7 | 9.2 |
| Japan | 9.0 | 9.9 | 4.9 | 7.5 | 7.0 | 10.3 | 8.8 | 3.2 | 4.9 | 10.9 | 8.5 |
| New Zealand | 7.4 | 8.7 | 7.2 | 7.6 | 7.4 | 11.1 | 9.5 | 8.3 | 6.7 | 6.1 | 6.6 |
| Vietnam | N/A | N/A | N/A | 0.1 | N/A | 0.4 | 0.5 | 0.4 | 2.5 | 5.6 | 4.4 |
| Hong Kong | 4.2 | 3.4 | 3.0 | 2.6 | 2.5 | 2.6 | 3.1 | 3.2 | 2.0 | 1.9 | 2.4 |
| South Korea | 5.5 | 11.1 | 6.8 | 6.5 | 10.6 | 6.8 | 0.1 | N/A | N/A | 1.7 | 0.5 |
| Others | 3.6 | 5.0 | 4.4 | 4.9 | 4.9 | 4.5 | 5.2 | 6.0 | 7.9 | 9.7 | 9.4 |
| Total | 34.9 | 48.3 | 47.1 | 66.1 | 83.3 | 80.9 | 96.5 | 104 | 107 | 111 | 107 |
Exports by Country
Malaysia (10K tons), Taiwan (Chinese) (9.9K tons) and China (6.1K tons) were the main destinations of evaporated and condensed milk exports from Australia, together accounting for 59% of total exports. Qatar, New Zealand, Vietnam, Japan, Hong Kong and South Korea lagged somewhat behind, together accounting for a further 30%.
From 2013 to 2023, the biggest increases were recorded for Qatar (with a CAGR of +206.1%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Taiwan (Chinese) ($28M), Malaysia ($27M) and Qatar ($11M) appeared to be the largest markets for evaporated and condensed milk exported from Australia worldwide, together comprising 62% of total exports.
In terms of the main countries of destination, Qatar, with a CAGR of +132.6%, saw 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.
Exports by Type
Condensed or evaporated milk (unsweetened) (28K tons) and condensed or evaporated milk (sweetened) (17K tons) were the main products of evaporated and condensed milk exports from Australia.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by condensed or evaporated milk (unsweetened) (with a CAGR of +20.1%).
In value terms, condensed or evaporated milk (unsweetened) ($76M) remains the largest type of evaporated and condensed milk exported from Australia, comprising 71% of total exports. The second position in the ranking was taken by condensed or evaporated milk (sweetened) ($31M), with a 29% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of condensed or evaporated milk (unsweetened) exports totaled +19.7%.
Export Prices by Country
In 2023, the evaporated and condensed milk price amounted to $2,362 per ton (FOB, Australia), rising by 8.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $2,600 per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($4,764 per ton), while the average price for exports to China ($1,507 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the market for evaporated and condensed milk 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:
- FCL 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
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 THE 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 EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- Production Volume and Growth
- Yield 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Producing Animals: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012-2024
