Australia and Oceania: Dairy Produce Market 2024

Dairy Produce Market Size in Australia and Oceania

The dairy produce market in Australia and Oceania declined modestly to $X in 2023, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell slightly in the following year.

Dairy Produce Production in Australia and Oceania

In value terms, dairy produce production reduced to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Dairy Produce Exports

Exports in Australia and Oceania

Dairy produce exports was estimated at X tons in 2023, surging by X% against 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, dairy produce exports shrank to $X in 2023. Total exports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

New Zealand represented the key exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Australia (X tons), creating a X% share of total exports.

New Zealand was also the fastest-growing in terms of the dairy produce exports, with a CAGR of X% from 2012 to 2023. Australia experienced a relatively flat trend pattern. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in New Zealand amounted to X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Dairy Produce Imports

Imports in Australia and Oceania

Dairy produce imports expanded markedly to X tons in 2023, surging by X% compared with the year before. Total imports indicated a buoyant expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the near future.

In value terms, dairy produce imports skyrocketed to $X in 2023. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Australia dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Fiji (X tons) took the second position in the ranking, followed by New Zealand (X tons). All these countries together held approx. X% share of total imports. Samoa (X tons), Papua New Guinea (X tons), French Polynesia (X tons) and New Caledonia (X tons) took a minor share of total imports.

Australia was also the fastest-growing in terms of the dairy produce imports, with a CAGR of X% from 2012 to 2023. At the same time, Samoa (X%), Fiji (X%), Papua New Guinea (X%) and New Zealand (X%) displayed positive paces of growth. By contrast, French Polynesia (X%) and New Caledonia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported dairy produce in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Fiji, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Australia totaled X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform