Australia and Oceania: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Australia and Oceania

The buttermilk and buttermilk powder market in Australia and Oceania was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in Australia and Oceania

In value terms, buttermilk and buttermilk powder production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports in Australia and Oceania

In 2022, overseas shipments of buttermilk and buttermilk powder increased by 53% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder exports skyrocketed to $X in 2022. In general, exports posted a pronounced expansion. 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, accounting for X tons, which was near 96% of total exports in 2022. Australia (X tons) held a little share of total exports.

New Zealand was also the fastest-growing in terms of the buttermilk and buttermilk powder exports, with a CAGR of +2.8% from 2012 to 2022. Australia (-13.5%) illustrated a downward trend over the same period. While the share of New Zealand (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-15.4 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest buttermilk and buttermilk powder supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by Australia ($X), with a 4.1% share of total exports.

In New Zealand, buttermilk and buttermilk powder exports expanded at an average annual rate of +5.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 11% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buttermilk and buttermilk powder export price increased by +101.0% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained 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 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 Australia (+2.8%).

Imports of Buttermilk And Buttermilk Powder

Imports in Australia and Oceania

In 2022, approx. X tons of buttermilk and buttermilk powder were imported in Australia and Oceania; increasing by 27% compared with the previous year. Overall, imports enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 81%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, buttermilk and buttermilk powder imports skyrocketed to $X in 2022. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 66%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Papua New Guinea (X tons) and Australia (X tons) prevails in imports structure, together committing 91% of total imports. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +8.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported buttermilk and buttermilk powder in Australia and Oceania, comprising 58% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +11.5%. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (-0.4% per year) and New Zealand (+2.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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