Australia and Oceania: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Australia and Oceania

In 2022, after two years of decline, there was significant growth in the market for powdered, evaporated and condensed milk in Australia and Oceania, when its value increased by X% to $X. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Powdered, Evaporated And Condensed Milk in Australia and Oceania

In value terms, powdered, evaporated and condensed milk production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Australia and Oceania

In 2022, powdered, evaporated and condensed milk exports in Australia and Oceania reduced to X tons, shrinking by X% on the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, powdered, evaporated and condensed milk exports amounted to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand was the key exporter of powdered, evaporated and condensed milk in Australia and Oceania, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Australia (X tons), achieving a X% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of powdered, evaporated and condensed milk. Australia (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In New Zealand, powdered, evaporated and condensed milk exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Powdered, Evaporated And Condensed Milk

Imports in Australia and Oceania

In 2022, purchases abroad of powdered, evaporated and condensed milk decreased by X% to X tons, falling for the second consecutive year after seven years of growth. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk imports rose remarkably to $X in 2022. Overall, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together generating a X% share of total imports. Papua New Guinea (X tons) and New Caledonia (X tons) took a little share of total imports.

Australia was also the fastest-growing in terms of the powdered, evaporated and condensed milk imports, with a CAGR of X% from 2012 to 2022. At the same time, Fiji (X%) displayed positive paces of growth. By contrast, New Caledonia (X%), Papua New Guinea (X%) and New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while New Caledonia, Fiji, Papua New Guinea and New Zealand saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported powdered, evaporated and condensed milk in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with an X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%. In the other countries, the average annual rates were as follows: Fiji (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Fiji ($X per ton) and New Caledonia ($X per ton), while Papua New Guinea ($X per ton) and Australia ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :