Australia and Oceania: Lactose Market 2024

Lactose Market Size in Australia and Oceania

In 2022, the lactose market in Australia and Oceania decreased by -10.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, recorded a moderate expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Lactose Production in Australia and Oceania

In value terms, lactose production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 139%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lactose Exports

Exports in Australia and Oceania

In 2022, lactose exports in Australia and Oceania soared to X tons, growing by 58% compared with the year before. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lactose exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand prevails in exports structure, amounting to X tons, which was approx. 92% of total exports in 2022. It was distantly followed by Australia (X tons), comprising a 7.6% share of total exports.

New Zealand was also the fastest-growing in terms of the lactose and lactose syrup exports, with a CAGR of +7.6% from 2012 to 2022. Australia (-17.4%) illustrated a downward trend over the same period. While the share of New Zealand (+46 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-46 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest lactose supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was held by Australia ($X), with a 6.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled +4.6%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -2.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 27%. The level of export peaked at $X per ton in 2014; however, from 2015 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 New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-0.3%).

Lactose Imports

Imports in Australia and Oceania

In 2022, purchases abroad of lactose and lactose syrup decreased by -2.5% to X tons, falling for the second consecutive year after two years of growth. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 -17.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, lactose imports rose markedly to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +125.4% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 57%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, New Zealand (X tons) represented the largest importer of lactose and lactose syrup, generating 88% of total imports. It was distantly followed by Australia (X tons), comprising a 12% share of total imports.

New Zealand was also the fastest-growing in terms of the lactose and lactose syrup imports, with a CAGR of +5.8% from 2012 to 2022. Australia experienced a relatively flat trend pattern. New Zealand (+7.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -6.5% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) constitutes the largest market for imported lactose and lactose syrup in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was taken by Australia ($X), with a 14% share of total imports.

In New Zealand, lactose imports increased at an average annual rate of +3.6% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 17% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by 24% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-1.1%).

Source: IndexBox Platform

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