Australia - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingExport of Australia's Evaporated and Condensed Milk Soars to $12M in August 2023, Witnessing a 51% Surge
Australia Evaporated And Condensed Milk Exports
In August 2023, exports of evaporated and condensed milk from Australia skyrocketed to 5K tons, rising by 43% against the previous month. Over the period under review, total exports indicated noticeable growth from August 2022 to August 2023: its volume increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, exports increased by +42.9% against June 2023 indices. The most prominent rate of growth was recorded in March 2023 when exports increased by 44% m-o-m. The exports peaked in August 2023.
In value terms, evaporated and condensed milk exports soared to $12M (IndexBox estimates) in August 2023. Overall, total exports indicated notable growth from August 2022 to August 2023: its value increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, exports increased by +51.7% against June 2023 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| COUNTRY | Export Value of Evaporated And Condensed Milk in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| Malaysia | 2.0 | 2.0 | 2.0 | 1.6 | 3.4 | 2.0 | 3.0 | 2.5 | 2.4 | 1.4 | 1.0 | 1.3 | 3.6 |
| Taiwan (Chinese) | 1.2 | 1.6 | 2.9 | 1.7 | 3.3 | 2.1 | 1.2 | 2.8 | 2.9 | 2.3 | 2.7 | 1.9 | 2.8 |
| Japan | 1.4 | 0.8 | 1.9 | 2.8 | 1.6 | N/A | N/A | N/A | 0.4 | 0.3 | N/A | 0.1 | 1.4 |
| China | 1.6 | 0.8 | 1.5 | 1.5 | 0.4 | 0.3 | 0.3 | 1.2 | 0.9 | 0.5 | 1.2 | 0.3 | 0.9 |
| New Zealand | 0.5 | 0.7 | 0.3 | 0.6 | 0.4 | 0.3 | 0.5 | 0.4 | 0.1 | 0.9 | 0.6 | 0.6 | 0.6 |
| Vietnam | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.3 | 0.8 | 0.6 | 0.5 | 0.6 | 0.5 | 0.3 | 0.4 |
| Others | 1.6 | 4.1 | 2.0 | 0.7 | 1.1 | 0.9 | 0.6 | 0.8 | 1.3 | 3.3 | 1.9 | 3.3 | 2.3 |
| Total | 8.7 | 10.7 | 11.1 | 9.6 | 10.7 | 6.0 | 6.4 | 8.4 | 8.6 | 9.3 | 7.9 | 7.9 | 12.0 |
Exports by Country
Malaysia (1.4K tons), Taiwan (Chinese) (960 tons) and China (605 tons) were the main destinations of evaporated and condensed milk exports from Australia, with a combined 60% share of total exports.
From August 2022 to August 2023, the biggest increases were in Taiwan (Chinese) (with a CAGR of +6.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for evaporated and condensed milk exported from Australia were Malaysia ($3.6M), Taiwan (Chinese) ($2.8M) and Japan ($1.4M), with a combined 65% share of total exports.
In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +7.1%, 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) (3K tons) and condensed or evaporated milk (sweetened) (1.9K tons) were the main products of evaporated and condensed milk exports from Australia.
From August 2022 to August 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by sweetened condensed and evaporated milk (with a CAGR of +2.0%).
In value terms, condensed or evaporated milk (unsweetened) ($8M) and condensed or evaporated milk (sweetened) ($4M) constituted the most exported types of evaporated and condensed milk from Australia worldwide.
In terms of the main product categories, unsweetened condensed and evaporated milk, with a CAGR of +2.9%, recorded the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
In August 2023, the evaporated and condensed milk price stood at $2,406 per ton (FOB, Australia), rising by 5.7% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 20% against the previous month. As a result, the export price reached the peak level of $2,561 per ton. From January 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Japan ($4,469 per ton), while the average price for exports to Vietnam ($1,343 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.1%), 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
