Australia - Skim Powdered Milk - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSkim Powdered Milk Price in Australia - 2023
Contents:
- Skim Powdered Milk Price in Australia (FOB) - 2022
- Skim Powdered Milk Price in Australia (CIF) - 2022
- Skim Powdered Milk Exports in Australia
- Skim Powdered Milk Imports in Australia
Skim Powdered Milk Price in Australia (FOB) - 2022
In 2022, the average skim powdered milk export price amounted to $4,792 per ton, rising by 27% against the previous year. Overall, the export price posted a moderate increase. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($5,637 per ton), while the average price for exports to the Philippines ($3,684 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 China (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Skim Powdered Milk Price in Australia (CIF) - 2022
The average skim powdered milk import price stood at $4,381 per ton in 2022, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2018 when the average import price increased by 42%. The import price peaked at $4,410 per ton in 2014; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($11,754 per ton), while the price for the United States ($3,399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Skim Powdered Milk Exports in Australia
In 2022, after three years of growth, there was decline in overseas shipments of skim powdered milk, when their volume decreased by -1.2% to 155K tons. The total export volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 22%. As a result, the exports attained the peak of 157K tons, and then fell modestly in the following year.
In value terms, skim powdered milk exports soared to $744M in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
Export of Skim Powdered Milk in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 122 | 141 | 325 | 410 | 49.8% |
Indonesia | 60.8 | 84.4 | 91.4 | 132 | 29.5% |
Kuwait | 17.7 | 19.5 | 18.5 | 43.1 | 34.5% |
Vietnam | 20.7 | 16.9 | 19.9 | 29.8 | 12.9% |
Thailand | 17.4 | 20.5 | 24.6 | 24.7 | 12.4% |
Singapore | 17.4 | 15.6 | 23.0 | 22.1 | 8.3% |
Malaysia | 9.6 | 9.5 | 11.3 | 21.0 | 29.8% |
Philippines | 9.5 | 16.4 | 14.5 | 15.3 | 17.2% |
Yemen | 10.0 | 11.6 | 17.0 | 9.4 | -2.0% |
South Korea | 8.5 | 8.6 | 7.2 | 8.3 | -0.8% |
New Zealand | 6.9 | 13.8 | 4.2 | 6.9 | 0.0% |
Japan | 12.2 | 5.6 | 4.0 | 1.6 | -49.2% |
Others | 16.5 | 17.6 | 31.0 | 19.3 | 5.4% |
Total | 329 | 381 | 592 | 744 | 31.3% |
Top Export Markets for Skim Powdered Milk from Australia in 2022:
- China (72.8K tons)
- Indonesia (31.2K tons)
- Kuwait (10.7K tons)
- Vietnam (7.6K tons)
- Thailand (6.1K tons)
- Singapore (5.6K tons)
- Malaysia (5.4K tons)
- Philippines (4.2K tons)
- Yemen (2.5K tons)
- South Korea (2.0K tons)
- New Zealand (1.7K tons)
- Japan (0.4K tons)
Skim Powdered Milk Imports in Australia
In 2022, skim powdered milk imports into Australia rose markedly to 15K tons, picking up by 7.1% on 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 9.5% against the previous year. As a result, imports reached the peak of 16K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, skim powdered milk imports skyrocketed to $64M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Skim Powdered Milk in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 33.1 | 33.3 | 31.2 | 35.7 | 2.6% |
Germany | 3.3 | 7.5 | 8.7 | 15.4 | 67.1% |
United States | 0.8 | 1.3 | 0.3 | 6.4 | 100.0% |
Austria | 5.6 | 18.8 | 12.3 | 6.2 | 3.5% |
United Kingdom | 3.4 | 1.3 | N/A | N/A | -61.8% |
Others | 0.5 | 1.4 | 0.4 | 0.4 | -7.2% |
Total | 46.7 | 63.6 | 52.9 | 64.1 | 11.1% |
Top Suppliers of Skim Powdered Milk to Australia in 2022:
- New Zealand (8.7K tons)
- Germany (3.5K tons)
- United States (1.9K tons)
- Austria (0.5K tons)
This report provides an in-depth analysis of the skim powdered milk market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 898 - Dry Skim Cow Milk
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the skim powdered milk market in Australia.
This report provides an in-depth analysis of the powdered milk market in Australia.
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Australia.
This report provides an in-depth analysis of the market for evaporated and condensed milk in Australia.
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Australia.
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Australia.
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Australia.
This report provides an in-depth analysis of the whole powdered milk market in Australia.
This report provides an in-depth analysis of the global skim powdered milk market.
This report provides an in-depth analysis of the global powdered milk market.
In August 2022, the powdered milk price stood at $5,555 per ton (FOB, Australia), increasing by 6.6% against the previous month.
In 2021, Evaporated and Condensed Milk exports reached a record high of 53K tons. From 2022 to 2023, the exports slightly decreased, with a value of $107M in 2023.
In 2021, Evaporated and Condensed Milk exports reached a peak of 53K tons. However, from 2022 to 2023, the exports decreased slightly. In terms of value, the exports declined to $107M in 2023.
The growth pace in March 2023 was the fastest yet, seeing a 44% month-to-month increase. The value of Evaporated And Condensed Milk exports slightly dropped to $9.3M in November 2023.
In August 2023, the exports of Evaporated And Condensed Milk reached its peak, with a value of $12M.
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.