New Zealand: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in New Zealand

In 2022, the New Zealand buttermilk and buttermilk powder market decreased by -11.6% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in New Zealand

In value terms, buttermilk and buttermilk powder production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from New Zealand

After four years of decline, overseas shipments of buttermilk and buttermilk powder increased by 63% to X tons in 2022. The total export volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder exports surged to $X in 2022. Overall, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X tons), Thailand (X tons) and Malaysia (X tons) were the main destinations of buttermilk and buttermilk powder exports from New Zealand, with a combined 62% share of total exports. Indonesia, Australia, China, the Netherlands, Singapore, Mexico, Peru, Oman, Saudi Arabia and Ghana lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +207.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Thailand ($X) and Malaysia ($X) were the largest markets for buttermilk and buttermilk powder exported from New Zealand worldwide, with a combined 63% share of total exports. Indonesia, Australia, China, Mexico, Peru, Singapore, the Netherlands, Oman, Saudi Arabia and Ghana lagged somewhat behind, together comprising a further 32%.

Oman, with a CAGR of +194.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, growing by 9.2% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buttermilk and buttermilk powder export price increased by +101.2% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the Netherlands ($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 Saudi Arabia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into New Zealand

In 2022, imports of buttermilk and buttermilk powder into New Zealand surged to X tons, increasing by 202% against 2021 figures. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 206%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 314% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) was the main supplier of buttermilk and buttermilk powder to New Zealand, accounting for a 91% share of total imports. Moreover, buttermilk and buttermilk powder imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.5% per year) and Germany (+71.5% per year).

In value terms, Australia ($X) constituted the largest supplier of buttermilk and buttermilk powder to New Zealand, comprising 92% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+67.0% per year) and India (-6.8% per year).

Import Prices by Country

In 2022, the average buttermilk and buttermilk powder import price amounted to $X per ton, with a decrease of -15.7% against the previous year. Over the period under review, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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