Fiji: Skimmed Milk Market 2020

Skimmed Milk Market Size in Fiji

The revenue of the skimmed milk market in Fiji amounted to $X in 2018, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, skimmed milk consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Fiji skimmed milk consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Skimmed Milk Exports

Exports from Fiji

In 2018, approx. X tons of skimmed milk were exported from Fiji; surging by X% against the previous year. Overall, skimmed milk exports, however, continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, skimmed milk exports reached their peak figure at X tons in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, skimmed milk exports totaled $X in 2018. Over the period under review, skimmed milk exports, however, continue to indicate a precipitous downturn. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. In that year, skimmed milk exports reached their peak of $X. From 2009 to 2018, the growth of skimmed milk exports remained at a somewhat lower figure.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the U.S. (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons) and France (X tons) represented the main exporters of skimmed milk, together achieving X% of total exports. Australia (X tons), Saudi Arabia (X tons), Belarus (X tons), Poland (X tons), Ireland (X tons) and Uruguay (X tons) followed a long way behind the leaders.

Exports from New Zealand increased at an average annual rate of +X% from 2007 to 2018. At the same time, Uruguay (+X%), Saudi Arabia (+X%), the U.S. (+X%), Belgium (+X%), Poland (+X%), Germany (+X%), the Netherlands (+X%), Belarus (+X%), Ireland (+X%) and France (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Australia experienced a relatively flat trend pattern. New Zealand (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.), Belgium (+X p.p.), Saudi Arabia (+X p.p.) and Uruguay (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest skimmed milk supplier from Fiji, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in New Zealand totaled +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The skimmed milk export price in Fiji stood at $X per ton in 2018, coming down by -X% against the previous year. In general, the skimmed milk export price continues to indicate a drastic contraction. The growth pace was the most rapid in 2011 an increase of X% against the previous year. In that year, the export prices for skimmed milk attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the export prices for skimmed milk remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced a decline in the export price figures.

Skimmed Milk Imports

Imports into Fiji

In 2018, the amount of skimmed milk imported into Fiji totaled X tons, picking up by X% against the previous year. In general, the total imports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, skimmed milk imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, skimmed milk imports reached their maximum at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, skimmed milk imports stood at $X in 2018. In general, the total imports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, skimmed milk imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Fiji imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China (X tons), followed by Algeria (X tons) and Mexico (X tons) represented the major importers of skimmed milk, together creating X% of total imports. The United Arab Emirates (X tons), Belgium (X tons), the Netherlands (X tons), the Philippines (X tons), Russia (X tons), Saudi Arabia (X tons), Indonesia (X tons), China, Macao SAR (X tons) and Malaysia (X tons) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Macao SAR, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Algeria ($X) and Mexico ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by Saudi Arabia, Russia, the United Arab Emirates, the Netherlands, Indonesia, Belgium, Malaysia, the Philippines, China, Macao SAR and Fiji, which together accounted for a further X terms of the main importing countries, China, Macao SAR experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The skimmed milk import price in Fiji stood at $X per ton in 2018, reducing by -X% against the previous year. In general, the skimmed milk import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the import prices for skimmed milk attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Algeria ($X per ton), while China, Macao SAR ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform