New Zealand: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in New Zealand

The New Zealand market for condensed or evaporated milk (unsweetened) declined markedly to $X in 2021, shrinking by -25.7% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in New Zealand

In value terms, unsweetened condensed and evaporated milk production fell remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 113%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from New Zealand

In 2021, shipments abroad of condensed or evaporated milk (unsweetened) increased by 5,315% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk exports surged to $X in 2021. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for unsweetened condensed and evaporated milk exports from New Zealand, with a 72% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to the United Arab Emirates exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (0.0% per year) and Malaysia (+74.1% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from New Zealand, comprising 73% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (0.0% per year) and Malaysia (+72.6% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, reducing by -36.1% against the previous year. Overall, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2014 an increase of 54%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-0.9%).

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into New Zealand

In 2021, imports of condensed or evaporated milk (unsweetened) into New Zealand expanded remarkably to X tons, picking up by 14% on 2020. Overall, imports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports declined significantly to $X in 2021. Over the period under review, imports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 52% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) was the main unsweetened condensed and evaporated milk supplier to New Zealand, with a 94% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +7.0%.

In value terms, the Netherlands ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to New Zealand, comprising 95% of total imports. The second position in the ranking was taken by South Africa ($X), with a 2.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +5.2%.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, dropping by -50.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 69%. As a result, import price attained the peak level of $X per ton, and then declined rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Africa totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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