Australia: Dairy Spread Market 2025

Dairy Spread Market Size in Australia

The Australian dairy spread market rose rapidly to $X in 2022, picking up by 5.1% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.3% against 2020 indices. Dairy spread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Dairy Spread Production in Australia

In value terms, dairy spread production fell slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Dairy Spread Exports

Exports from Australia

In 2022, shipments abroad of dairy spreads decreased by -18.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of 550% against the previous year. As a result, the exports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, dairy spread exports declined to $X in 2022. Over the period under review, exports, however, saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of 602% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

South Korea (X tons) was the main destination for dairy spread exports from Australia, accounting for a 94% share of total exports. Moreover, dairy spread exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+1.5% per year) and Cook Islands (0.0% per year).

In value terms, South Korea ($X) remains the key foreign market for dairy spreads exports from Australia, comprising 95% of total exports. The second position in the ranking was held by Japan ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+6.5% per year) and Cook Islands (0.0% per year).

Export Prices by Country

In 2022, the average dairy spread export price amounted to $X per ton, rising by 9.5% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price 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, dairy spread export price increased by +18.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Cook Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Spread Imports

Imports into Australia

In 2022, the amount of dairy spreads imported into Australia skyrocketed to X tons, rising by 100% on the previous year's figure. In general, imports saw notable growth. The pace of growth was the most pronounced in 2020 when imports increased by 156%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, dairy spread imports skyrocketed to $X in 2022. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 183% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

India (X tons), Denmark (X tons) and New Zealand (X tons) were the main suppliers of dairy spread imports to Australia, together accounting for 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +43.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), India ($X) and New Zealand ($X) constituted the largest dairy spread suppliers to Australia, with a combined 99% share of total imports.

In terms of the main suppliers, New Zealand, with a CAGR of +66.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average dairy spread import price amounted to $X per ton, with a decrease of -5.6% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread import price increased by +106.6% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44%. The import price peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for India ($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 Zealand (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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