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Australia - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia: Market for Yoghurt and Fermented Milk 2024
Market Size for Yoghurt and Fermented Milk in Australia
The Australian yoghurt and fermented milk market contracted modestly to $X in 2023, approximately equating the previous year. In general, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.
Production of Yoghurt and Fermented Milk in Australia
In value terms, yoghurt and fermented milk production reduced slightly to $X in 2023 estimated in export price. Overall, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.
Exports of Yoghurt and Fermented Milk
Exports from Australia
In 2023, the amount of yoghurt and fermented milk exported from Australia skyrocketed to X tons, picking up by X% compared with the year before. In general, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.
In value terms, yoghurt and fermented milk exports skyrocketed to $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Singapore (X tons) was the main destination for yoghurt and fermented milk exports from Australia, with a X% share of total exports. Moreover, yoghurt and fermented milk exports to Singapore exceeded the volume sent to the second major destination, New Zealand (X tons), threefold. The third position in this ranking was held by the Philippines (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and the Philippines (X% per year).
In value terms, Singapore ($X) remains the key foreign market for yoghurt and fermented milk exports from Australia, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Malaysia (X% per year).
Export Prices by Country
In 2023, the average yoghurt and fermented milk export price amounted to $X per ton, rising by X% against the previous year. In general, the export price enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yoghurt and Fermented Milk
Imports into Australia
Yoghurt and fermented milk imports into Australia declined remarkably to X tons in 2023, with a decrease of X% on the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.
In value terms, yoghurt and fermented milk imports shrank significantly to $X in 2023. Over the period under review, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.
Imports by Country
New Zealand (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of yoghurt and fermented milk imports to Australia, together accounting for X% of total imports.
From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, New Zealand ($X) constituted the largest supplier of yoghurt and fermented milk to Australia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.
From 2012 to 2023, the average annual growth rate of value from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).
Import Prices by Country
In 2023, the average yoghurt and fermented milk import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for yoghurt and fermented milk 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 891 - Yoghurt
- FCL 892 - Yoghurt, Concentrated or Unconcent
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
- FCL 899 - Dry Buttermilk
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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
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