Australia and Oceania: Cream Fresh Market 2024

Cream Fresh Market Size in Australia and Oceania

In 2022, the cream fresh market in Australia and Oceania decreased by -10.8% to $X for the first time since 2017, thus ending a four-year rising trend. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Cream Fresh Production in Australia and Oceania

In value terms, cream fresh production reached $X in 2022 estimated in export price. Overall, production showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 75%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

New Zealand (X tons) remains the largest cream fresh producing country in Australia and Oceania, accounting for 81% of total volume. Moreover, cream fresh production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), fourfold.

In New Zealand, cream fresh production increased at an average annual rate of +22.6% over the period from 2012-2022.

Cream Fresh Exports

Exports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded growth in shipments abroad of cream fresh, which increased by 45% to X tons in 2022. In general, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cream fresh exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 81% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

New Zealand prevails in exports structure, amounting to X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Australia (X tons), generating a 7% share of total exports.

New Zealand was also the fastest-growing in terms of the cream fresh exports, with a CAGR of +22.7% from 2012 to 2022. At the same time, Australia (+3.7%) displayed positive paces of growth. New Zealand (+22 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -21.7% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) remains the largest cream fresh supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by Australia ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled +28.7%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with an increase of 6.8% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by +23.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 29%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.9%).

Cream Fresh Imports

Imports in Australia and Oceania

In 2022, the amount of cream fresh imported in Australia and Oceania dropped markedly to X tons, waning by -16.3% compared with 2021. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 22%. The volume of import peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, cream fresh imports surged to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) and Fiji (X tons) represented the major importers of cream fresh in Australia and Oceania, together comprising 52% of total imports. It was distantly followed by New Caledonia (X tons), French Polynesia (X tons), New Zealand (X tons) and Papua New Guinea (X tons), together generating a 39% share of total imports. Samoa (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Papua New Guinea (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Caledonia ($X) and French Polynesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 67% share of total imports. New Zealand, Fiji, Papua New Guinea and Samoa lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, Fiji, with a CAGR of +13.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 55% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Caledonia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :