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Australia - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

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Dec 6, 2023

Surge in Australian Skim Milk Exports Reaches $949K in September 2023

Australia Skim Milk Exports

Skim milk exports from Australia skyrocketed to 903 tons in September 2023, increasing by 19% compared with August 2023. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in March 2023 with an increase of 163% against the previous month.

In value terms, skim milk exports soared to $949K (IndexBox estimates) in September 2023. In general, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in July 2023 with an increase of 90% month-to-month. Australia Skim Milk Exports By Country (Thousand USD)

COUNTRY	Export Value of Skim Milk in Australia (thousand USD)
COUNTRY	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023
China	737	847	487	504	878	540	1,005	966	626	323	842	456	626
Hong Kong	221	217	118	161	145	121	187	275	71.8	138	227	142	158
Philippines	51.5	61.1	54.6	29.1	81.8	67.9	15.4	33.3	35.0	23.5	70.8	56.3	40.3
Singapore	121	111	50.8	20.0	94.4	12.8	57.7	38.7	60.3	72.4	64.2	61.0	29.8
Others	203	213	109	108	43.6	21.4	81.1	163	87.9	141	119	46.9	95.2
Total	1,333	1,449	819	822	1,243	763	1,346	1,477	880	698	1,323	762	949

Exports by Country

China (651 tons) was the main destination for skim milk exports from Australia, accounting for a 72% share of total exports. Moreover, skim milk exports to China exceeded the volume sent to the second major destination, Hong Kong (86 tons), eightfold. The third position in this ranking was held by the Philippines (40 tons), with a 4.5% share.

From September 2022 to September 2023, the average monthly growth rate of volume to China totaled -7.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Hong Kong (-3.9% per month) and the Philippines (-3.4% per month).

In value terms, China ($626K) remains the key foreign market for skim milk exports from Australia, comprising 66% of total exports. The second position in the ranking was taken by Hong Kong ($158K), with a 17% share of total exports. It was followed by the Philippines, with a 4.3% share.

From September 2022 to September 2023, the average monthly growth rate of value to China amounted to -1.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Hong Kong (-2.8% per month) and the Philippines (-2.0% per month).

Export Prices by Country

In September 2023, the skim milk price stood at $1,051 per ton (FOB, Australia), with an increase of 4.2% against the previous month. Overall, export price indicated temperate growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, skim milk export price decreased by -24.4% against May 2023 indices. The pace of growth appeared the most rapid in May 2023 an increase of 96% m-o-m. Over the period under review, the average export prices attained the maximum at $1,515 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Hong Kong ($1,832 per ton), while the average price for exports to China ($960 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the skim milk 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:

FCL 888 - Skim Milk of Cows

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023

Australia - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

Surge in Australian Skim Milk Exports Reaches $949K in September 2023

Australia Skim Milk Exports

Exports by Country

Export Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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