Australia - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingExport of Evaporated and Condensed Milk in Australia Declines by 4% to $9.3M in November 2023
Australia Evaporated And Condensed Milk Exports
In November 2023, shipments abroad of evaporated and condensed milk decreased by -1.5% to 3.8K tons, falling for the third month in a row after two months of growth. In general, exports saw a slight slump. The growth pace was the most rapid in March 2023 with an increase of 44% month-to-month.
In value terms, evaporated and condensed milk exports fell modestly to $9.3M (IndexBox estimates) in November 2023. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 with an increase of 42% month-to-month. As a result, the exports attained the peak of $11M. From September 2023 to November 2023, the growth of the exports remained at a lower figure.
| COUNTRY | Export Value of Evaporated And Condensed Milk in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Japan | 2.8 | 1.6 | N/A | N/A | N/A | 0.4 | 0.3 | N/A | 0.1 | 1.4 | 1.5 | 0.7 | 2.4 |
| China | 1.5 | 0.4 | 0.3 | 0.3 | 1.2 | 0.9 | 0.5 | 1.2 | 0.3 | 0.9 | 0.5 | 0.4 | 1.7 |
| Taiwan (Chinese) | 1.7 | 3.3 | 2.1 | 1.2 | 2.8 | 2.9 | 2.3 | 2.7 | 1.9 | 2.6 | 1.4 | 3.3 | 1.6 |
| Malaysia | 1.6 | 3.4 | 2.0 | 3.0 | 2.5 | 2.4 | 1.4 | 1.0 | 1.3 | 3.6 | 3.4 | 2.4 | 1.4 |
| New Zealand | 0.6 | 0.4 | 0.3 | 0.5 | 0.4 | 0.1 | 0.9 | 0.6 | 0.6 | 0.6 | 0.7 | 0.5 | 0.6 |
| Philippines | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | N/A | 0.3 |
| Vietnam | 0.6 | 0.5 | 0.3 | 0.8 | 0.6 | 0.5 | 0.6 | 0.5 | 0.3 | 0.2 | 0.2 | 0.1 | 0.2 |
| Others | 0.7 | 1.1 | 0.9 | 0.5 | 0.7 | 1.3 | 3.2 | 1.9 | 3.2 | 1.9 | 2.3 | 2.1 | 0.9 |
| Total | 9.6 | 10.7 | 6.0 | 6.4 | 8.4 | 8.6 | 9.3 | 7.9 | 7.9 | 11.3 | 10.0 | 9.6 | 9.3 |
Exports by Country
China (996 tons), Malaysia (597 tons) and Taiwan (Chinese) (572 tons) were the main destinations of evaporated and condensed milk exports from Australia, together comprising 56% of total exports. These countries were followed by Japan, New Zealand, the Philippines and Vietnam, which together accounted for a further 33%.
From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +17.4%), while the other leaders experienced a decline.
In value terms, Japan ($2.4M), China ($1.7M) and Taiwan (Chinese) ($1.6M) constituted the largest markets for evaporated and condensed milk exported from Australia worldwide, together accounting for 62% of total exports. These countries were followed by Malaysia, New Zealand, the Philippines and Vietnam, which together accounted for a further 28%.
Among the main countries of destination, the Philippines, with a CAGR of +21.9%, 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 mixed trend patterns.
Exports by Type
Condensed or evaporated milk (unsweetened) (2K tons) and condensed or evaporated milk (sweetened) (1.8K tons) were the main products of evaporated and condensed milk exports from Australia.
From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by unsweetened condensed and evaporated milk (with a CAGR of +1.1%).
In value terms, condensed or evaporated milk (unsweetened) ($5.9M) and condensed or evaporated milk (sweetened) ($3.4M) were 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 +1.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review.
Export Prices by Country
In November 2023, the evaporated and condensed milk price stood at $2,419 per ton (FOB, Australia), with a decrease of -2.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in December 2022 an increase of 20% m-o-m. As a result, the export price attained the peak level of $2,561 per ton. From January 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($4,883 per ton), while the average price for exports to Vietnam ($1,056 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.9%), 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
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, PRODUCING ANIMALS AND YIELD
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
-
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
-
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
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 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
