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

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

In 2022, the market for powdered, condensed or evaporated milk in Australia and Oceania decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, powdered, condensed or evaporated milk production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The country with the largest volume of powdered, condensed or evaporated milk production was New Zealand (X tons), accounting for X% of total volume. Moreover, powdered, condensed or evaporated milk production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), more than tenfold.

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

Exports of Powdered, Condensed Or Evaporated Milk

Exports in Australia and Oceania

Powdered, condensed or evaporated milk exports soared to X tons in 2022, growing by X% against 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, powdered, condensed or evaporated milk exports surged to $X in 2022. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Australia (X tons), generating an X% share of total exports.

New Zealand was also the fastest-growing in terms of the powdered, condensed or evaporated milk exports, with a CAGR of X% from 2012 to 2022. Australia (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

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

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

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Export price indicated slight growth 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, condensed or evaporated milk export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked 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, Condensed Or Evaporated Milk

Imports in Australia and Oceania

In 2022, overseas purchases of powdered, condensed or evaporated milk decreased by X% to X tons, falling for the second year in a row after seven years of growth. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk imports rose notably to $X in 2022. In general, imports, however, saw resilient growth. The growth pace was the most rapid 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, accounting for 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 creating a X% share of total imports. The following importers - Papua New Guinea (X tons) and New Caledonia (X tons) - each resulted at a X% share of total imports.

Australia was also the fastest-growing in terms of the powdered, condensed or evaporated 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. From 2012 to 2022, the share of Australia increased by X percentage points.

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

In Australia, powdered, condensed or evaporated milk imports increased at an average annual rate of X% over the period from 2012-2022. 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

The import price in Australia and Oceania stood at $X per ton in 2022, increasing 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 maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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