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Australia and Oceania - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia and Oceania: Market for Condensed Or Evaporated Milk (Sweetened) 2024
Market Size for Condensed Or Evaporated Milk (Sweetened) in Australia and Oceania
In 2022, the market for condensed or evaporated milk (sweetened) in Australia and Oceania increased by 27% to $X, rising for the sixth consecutive year after three years of decline. Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.
Production of Condensed Or Evaporated Milk (Sweetened) in Australia and Oceania
In value terms, sweetened condensed and evaporated milk production amounted to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.
Exports of Condensed Or Evaporated Milk (Sweetened)
Exports in Australia and Oceania
In 2022, sweetened condensed and evaporated milk exports in Australia and Oceania was estimated at X tons, surging by 11% on the year before. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 40%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, sweetened condensed and evaporated milk exports rose rapidly to $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by 43%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.
Exports by Country
Australia was the largest exporting country with an export of around X tons, which recorded 75% of total exports. It was distantly followed by New Zealand (X tons), achieving a 25% share of total exports.
From 2012 to 2022, average annual rates of growth with regard to sweetened condensed and evaporated milk exports from Australia stood at +8.6%. At the same time, New Zealand (+24.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +24.4% from 2012-2022. New Zealand (+17 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -16.8% from 2012 to 2022, respectively.
In value terms, Australia ($X) remains the largest sweetened condensed and evaporated milk supplier in Australia and Oceania, comprising 80% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 20% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +3.0%.
Export Prices by Country
In 2022, the export price in Australia and Oceania amounted to $X per ton, declining by -5.5% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the export price increased by 8.9% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-5.1%).
Imports of Condensed Or Evaporated Milk (Sweetened)
Imports in Australia and Oceania
In 2022, after three years of growth, there was decline in purchases abroad of condensed or evaporated milk (sweetened), when their volume decreased by -4.7% to X tons. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.
In value terms, sweetened condensed and evaporated milk imports rose remarkably to $X in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Imports by Country
In 2022, Australia (X tons) represented the major importer of condensed or evaporated milk (sweetened), comprising 63% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 20% share of total imports. Solomon Islands (X tons), Fiji (X tons), Vanuatu (X tons), Papua New Guinea (X tons) and Kiribati (X tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to sweetened condensed and evaporated milk imports into Australia stood at +16.6%. At the same time, Solomon Islands (+50.0%), Kiribati (+18.3%), Vanuatu (+6.3%) and Fiji (+3.8%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +50.0% from 2012-2022. By contrast, New Zealand (-1.3%) and Papua New Guinea (-1.4%) illustrated a downward trend over the same period. Australia (+35 p.p.) and Solomon Islands (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and New Zealand saw its share reduced by -3.2% and -26.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Australia ($X) constitutes the largest market for imported condensed or evaporated milk (sweetened) in Australia and Oceania, comprising 63% of total imports. The second position in the ranking was held by New Zealand ($X), with a 22% share of total imports. It was followed by Solomon Islands, with a 4.3% share.
From 2012 to 2022, the average annual growth rate of value in Australia totaled +16.3%. In the other countries, the average annual rates were as follows: New Zealand (-0.8% per year) and Solomon Islands (+54.4% per year).
Import Prices by Country
In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 13% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Solomon Islands ($X per ton), while Kiribati ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Solomon Islands (+2.9%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Australia and Oceania. 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 889 - Whole Milk, Condensed
- FCL 896 - Skim Milk, Condensed
Country coverage:
- American Samoa
- Australia
- Cook Islands
- Fiji
- French Polynesia
- Guam
- Kiribati
- Marshall Islands
- Micronesia
- Nauru
- New Caledonia
- New Zealand
- Niue
- Northern Mariana Islands
- Palau
- Papua New Guinea
- Samoa
- Solomon Islands
- Tokelau
- Tonga
- Tuvalu
- Vanuatu
- Wallis and Futuna Islands
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Australia and Oceania, split by region and country
- Trade (exports and imports) in Australia and Oceania
- 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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Australia
- Cook Islands
- Fiji
- French Polynesia
- Kiribati
- Marshall Islands
- Micronesia
- New Caledonia
- New Zealand
- Northern Mariana Islands
- Palau
- Papua New Guinea
- Samoa
- Solomon Islands
- Tokelau
- Tonga
- Tuvalu
- Vanuatu
- Wallis and Futuna Islands
- American Samoa
- Nauru
- Niue
- Guam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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