Australia and Oceania: Butter Market 2025

Butter Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the butter market in Australia and Oceania, when its value decreased by -45.2% to $X. Overall, consumption, however, enjoyed a measured increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Butter Production in Australia and Oceania

In value terms, butter production fell modestly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Butter Exports

Exports in Australia and Oceania

In 2022, exports of butter in Australia and Oceania skyrocketed to X tons, picking up by 65% against 2021. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, butter exports soared to $X in 2022. Over the period under review, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand prevails in exports structure, finishing at X tons, which was approx. 98% of total exports in 2022. Australia (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the butter exports, with a CAGR of +3.8% from 2012 to 2022. Australia (-14.3%) illustrated a downward trend over the same period. New Zealand (+11 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -11% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) remains the largest butter supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was taken by Australia ($X), with a 2% share of total exports.

In New Zealand, butter exports increased at an average annual rate of +9.9% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, jumping by 17% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter export price increased by +36.4% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 61%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.9%).

Butter Imports

Imports in Australia and Oceania

Butter imports expanded notably to X tons in 2022, increasing by 14% against 2021 figures. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 30%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, butter imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 64% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was near 83% of total imports in 2022. It was distantly followed by French Polynesia (X tons), committing a 4.6% share of total imports. Fiji (X tons) and New Caledonia (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the butter imports, with a CAGR of +3.6% from 2012 to 2022. At the same time, French Polynesia (+3.5%) and New Caledonia (+2.9%) displayed positive paces of growth. Fiji experienced a relatively flat trend pattern. Australia (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported butter in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was held by French Polynesia ($X), with a 4.9% share of total imports. It was followed by Fiji, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +10.8%. In the other countries, the average annual rates were as follows: French Polynesia (+2.2% per year) and Fiji (+5.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by 22% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter import price increased by +27.7% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 45%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in French Polynesia ($X per ton) and Fiji ($X per ton), while Australia ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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