Australia and Oceania: Skim Milk Market 2024

Skim Milk Market Size in Australia and Oceania

The skim milk market in Australia and Oceania contracted to $X in 2021, leveling off at the previous year. In general, consumption, however, saw a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Skim Milk Production in Australia and Oceania

In value terms, skim milk production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 2.6%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

New Zealand (X tons) constituted the country with the largest volume of skim milk production, accounting for 80% of total volume. Moreover, skim milk production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume in New Zealand was relatively modest.

Skim Milk Exports

Exports in Australia and Oceania

In 2021, after nine years of growth, there was significant decline in shipments abroad of skim milk, when their volume decreased by -12.9% to X tons. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The volume of export peaked at X tons in 2020, and then fell in the following year.

In value terms, skim milk exports contracted to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. The level of export peaked at $X in 2020, and then reduced in the following year.

Exports by Country

In 2021, Australia (X tons) and New Zealand (X tons) was the largest exporter of skim milk in Australia and Oceania, comprising 100% of total export.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +16.2%).

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, New Zealand, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 2.2% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Australia (-1.8%).

Skim Milk Imports

Imports in Australia and Oceania

In 2021, purchases abroad of skim milk was finally on the rise to reach X tons after three years of decline. Over the period under review, imports saw a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of 60% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, skim milk imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 54%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Samoa represented the key importer of skim milk in Australia and Oceania, with the volume of imports accounting for X tons, which was approx. 54% of total imports in 2021. Guam (X tons) took the second position in the ranking, followed by Fiji (X tons) and Northern Mariana Islands (X tons). All these countries together held near 31% share of total imports. The following importers - New Caledonia (X tons), Australia (X tons) and American Samoa (X tons) - together made up 8.4% of total imports.

From 2012 to 2021, average annual rates of growth with regard to skim milk imports into Samoa stood at +8.8%. At the same time, Northern Mariana Islands (+19.2%), Guam (+17.0%) and Fiji (+1.4%) displayed positive paces of growth. Moreover, Northern Mariana Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +19.2% from 2012-2021. By contrast, Australia (-6.4%), New Caledonia (-12.5%) and American Samoa (-16.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Samoa, Guam and Northern Mariana Islands increased by +25, +9 and +6.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Samoa ($X) constitutes the largest market for imported skim milk in Australia and Oceania, comprising 53% of total imports. The second position in the ranking was held by Guam ($X), with a 13% share of total imports. It was followed by Northern Mariana Islands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Samoa stood at +6.0%. In the other countries, the average annual rates were as follows: Guam (+12.7% per year) and Northern Mariana Islands (+17.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, growing by 7.6% against the previous year. In general, the import price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2014 an increase of 9% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Northern Mariana Islands ($X per ton) and Guam ($X per ton), while New Caledonia ($X per ton) and Fiji ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by American Samoa (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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