Australia and Oceania: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Australia and Oceania

In 2023, after three years of growth, there was decline in the whole fresh milk market in Australia and Oceania, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then declined modestly in the following year.

Whole Fresh Milk Production in Australia and Oceania

In value terms, whole fresh milk production contracted modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, production attained the peak level of $X, and then reduced in the following year.

The country with the largest volume of whole fresh milk production was New Zealand (X tons), accounting for X% of total volume. Moreover, whole fresh milk production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), twofold.

In New Zealand, whole fresh milk production expanded at an average annual rate of X% over the period from 2012-2023.

In 2023, the average yield of whole fresh milk in Australia and Oceania stood at X tons per head, flattening at the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the whole fresh milk yield hit record highs at X tons per head in 2021; however, from 2022 to 2023, the yield failed to regain momentum.

The global number of animals for whole fresh milk production stood at X heads in 2023, approximately mirroring the year before. In general, the number of producing animals, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by X%. As a result, the number of animals produced reached the peak level of X heads. From 2015 to 2023, the growth of this number remained at a somewhat lower figure.

Whole Fresh Milk Exports

Exports in Australia and Oceania

In 2023, the amount of whole fresh milk exported in Australia and Oceania reduced to X tons, remaining relatively unchanged against the previous year. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, whole fresh milk exports reduced to $X in 2023. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped in the following year.

Exports by Country

In 2023, New Zealand (X tons) and Australia (X tons) was the key exporter of whole fresh milk in Australia and Oceania, generating X% of total export.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%).

In value terms, New Zealand ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2023.

Among the main exporting countries, New Zealand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat 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 totaled $X per ton.

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

Whole Fresh Milk Imports

Imports in Australia and Oceania

In 2023, the amount of whole fresh milk imported in Australia and Oceania shrank to X tons, falling by X% against 2022. Over the period under review, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, whole fresh milk imports dropped to $X in 2023. In general, imports saw a mild decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Papua New Guinea (X tons), Samoa (X tons), French Polynesia (X tons), New Caledonia (X tons), Tonga (X tons), Australia (X tons), New Zealand (X tons) and Fiji (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the biggest increases were recorded for Tonga (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), French Polynesia ($X) and Samoa ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. New Caledonia, Australia, New Zealand, Tonga and Fiji lagged somewhat behind, together comprising a further X%.

Tonga, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by French Polynesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform