Australia and Oceania: Yoghurt Market 2024

Yoghurt Market Size in Australia and Oceania

The yoghurt market in Australia and Oceania contracted slightly to $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a mild downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Yoghurt Production in Australia and Oceania

In value terms, yoghurt production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Yoghurt Exports

Exports in Australia and Oceania

Yoghurt exports amounted to X tons in 2022, therefore, remained relatively stable against 2021. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. The volume of export peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, yoghurt exports reduced to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +53.6% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 41% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Australia was the largest exporting country with an export of around X tons, which resulted at 89% of total exports. It was distantly followed by New Zealand (X tons), mixing up an 11% share of total exports.

Australia was also the fastest-growing in terms of the yoghurt exports, with a CAGR of +4.7% from 2012 to 2022. New Zealand (-4.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +13 percentage points.

In value terms, Australia ($X) remains the largest yoghurt supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +5.4%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by -5.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12% 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 remained at a 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 (+0.7%).

Yoghurt Imports

Imports in Australia and Oceania

In 2022, the amount of yoghurt imported in Australia and Oceania rose remarkably to X tons, growing by 9.5% on 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 20%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, yoghurt imports rose significantly to $X in 2022. Over the period under review, imports, however, saw a pronounced slump. The growth pace was the most rapid in 2013 when imports increased by 11% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was approx. 65% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons) and French Polynesia (X tons), together mixing up a 14% share of total imports. New Zealand (X tons), Tonga (X tons), New Caledonia (X tons), Guam (X tons) and Marshall Islands (X tons) held a minor share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of yoghurt. At the same time, Marshall Islands (+75.6%), French Polynesia (+35.3%), Tonga (+20.5%), Guam (+11.1%) and Papua New Guinea (+3.0%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +75.6% from 2012-2022. By contrast, New Caledonia (-2.9%) and New Zealand (-14.2%) illustrated a downward trend over the same period. While the share of French Polynesia (+6 p.p.), Tonga (+3.3 p.p.), Guam (+2.2 p.p.), Papua New Guinea (+2.1 p.p.) and Marshall Islands (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-14 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported yoghurt in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by French Polynesia ($X), with a 5.6% share of total imports. It was followed by New Zealand, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -4.3%. In the other countries, the average annual rates were as follows: French Polynesia (+14.2% per year) and New Zealand (-12.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, falling by -3.1% against the previous year. Overall, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :