Australia and Oceania: Cream Market 2021

Cream Market Size in Australia and Oceania

The cream market in Australia and Oceania skyrocketed to $X in 2020, surging by X% against the previous year. Overall, consumption showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2020 and is likely to see steady growth in the immediate term.

Cream Production in Australia and Oceania

In value terms, cream production soared to $X in 2020 estimated in export prices. Over the period under review, production saw a prominent increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% year-to-year. The level of production peaked in 2020 and is likely to continue growth in years to come.

Production By Country in Australia and Oceania

Australia (X tons) remains the largest cream producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, cream production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in Australia totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: New Zealand (+X% per year) and Papua New Guinea (+X% per year).

Cream Exports

Exports in Australia and Oceania

In 2020, exports of cream in Australia and Oceania declined sharply to X tons, reducing by -X% compared with 2019 figures. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, cream exports shrank slightly to $X in 2020. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Australia dominates cream exports structure, finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by New Zealand (X tons), constituting a X% share of total exports.

Australia was also the fastest-growing in terms of the cream exports, with a CAGR of -X% from 2007 to 2020. New Zealand (-X%) illustrated a downward trend over the same period. Australia (+X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -X% from 2007 to 2020, respectively.

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

In Australia, cream exports plunged by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

In 2020, the cream export price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Cream Imports

Imports in Australia and Oceania

In 2020, cream imports in Australia and Oceania rose markedly to X tons, with an increase of X% against 2019 figures. Total imports indicated measured growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cream imports stood at $X in 2020. Total imports indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. The level of import peaked in 2020 and is expected to retain growth in years to come.

Imports by Country

New Caledonia (X tons) and Fiji (X tons) represented roughly X% of total imports of cream in 2020. French Polynesia (X tons) took the next position in the ranking, followed by Samoa (X tons). All these countries together took near X% share of total imports. The following importers - New Zealand (X tons) and Vanuatu (X tons) - each amounted to a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Fiji, while imports for the other leaders experienced more modest paces of growth.

In value terms, New Caledonia ($X) constitutes the largest market for imported cream in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by French Polynesia ($X), with a X% share of total imports. It was followed by Samoa, with a X% share.

From 2007 to 2020, the average annual growth rate of value in New Caledonia totaled +X%. In the other countries, the average annual rates were as follows: French Polynesia (+X% per year) and Samoa (+X% per year).

Import Prices by Country

The cream import price in Australia and Oceania stood at $X per ton in 2020, approximately reflecting the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, import prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was French Polynesia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vanuatu, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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