Butter, dairy spreads and milk fats market in Oceania

Earlier Report Observations

The market for butter, dairy spreads, and milk fats in Oceania contracted significantly between 2018 and 2023, with volume falling from 780 thousand tons to 611 thousand tons. This decline was not steady, however, as a partial rebound to 718 thousand tons occurred in 2020 before volumes dropped again in the following years.

Measured in value, the market followed a similar downward path from $4.46 billion to $3.66 billion, though 2022 saw a sharp, temporary increase to $4.17 billion. This spike in market value coincided with only a minor volume increase, suggesting a period of substantially higher prices for dairy fats in that year.

Production butter, dairy spreads and milk fats in Oceania

In kind, 2017-2020, K t

Top producers of butter, dairy spreads and milk fats, 2017-2020

World map of production of butter, dairy spreads and milk fats, 2017-2020

Oceania's production of butter, dairy spreads, and milk fats has declined for the second year in a row. In 2019, output reached 1 209 thousand tons, but by 2020 it had fallen to 1 137 thousand tons, marking a 2.8% decrease from the previous year. Looking at the period from 2017 to 2020, production dropped by 5.4%, which translates to an average annual decline of 1.8%. The highest production level was recorded in 2018 at 1 209 thousand tons, with a modest increase of 0.6% that year. However, the most significant drop occurred in 2019, when production fell by 3.3%.

Annual dynamics of production in Oceania in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of Oceania's butter, dairy spreads, and milk fats production has also decreased for two consecutive years. In 2020, the output was valued at 5 065 million US dollars, reflecting a sharp decline of 12.9% compared to 2019. Over the four-year span from 2017 to 2020, production value fell by 22.6%, averaging an 8.2% annual decrease. The peak value was in 2018 at 6 899 million US dollars, which saw a 5.4% increase. The largest decline happened in 2019, with a 15.8% drop.

Annual dynamics of production in Oceania in value, 2017-2020, M $ US

Exports butter, dairy spreads and milk fats from Oceania

Exports in kind, K t

Following two years of growth, Oceania's exports of butter, dairy spreads, and milk fats declined in 2020. That year, exports totaled 436.9 thousand tons, showing a modest decrease of 9.1% from 2019. From 2017 to 2020, exports fell by 2.8%, with a compound annual growth rate of -1.0%. The highest export volume was in 2019 at 480.7 thousand tons, while the largest increase occurred in 2018 with a 5.4% rise.

Annual dynamics of product's exports from Oceania in kind, 2017-2020, K t

Between 2017 and 2020, Oceania's exports in kind were quite diversified. China accounted for 19.7% of exports, the Philippines for 6.1%, and Saudi Arabia for 4.7%. Together, these three countries made up just 30.5% of total flows, with no single nation holding a clearly dominant position.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Oceania in kind, 2017-2020

Exports in value, M $ US

Oceania's export value for butter, dairy spreads, and milk fats has declined for the second year in a row. In 2020, exports amounted to 1 947 million US dollars, down 18.5% from 2019. Over the period from 2017 to 2020, export value decreased by 20.6%, averaging a 7.4% annual decline. The peak was in 2018 at 2 703 million US dollars, which saw a 10.3% increase that year.

Annual dynamics of product's exports from Oceania in value, 2017-2020, M $ US

From 2017 to 2020, Oceania's exports in value terms were spread across numerous countries. China represented 19.5% of exports, the Philippines 6.5%, and Mexico 4.6%. Combined, these three accounted for only 30.7% of total flows, indicating a lack of any single dominant trading partner.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Oceania in value, 2017-2020

Imports butter, dairy spreads and milk fats to Oceania

Imports in kind, K t

Oceania's import market for butter, dairy spreads, and milk fats showed significant volatility between 2017 and 2020. In 2019, imports hit a low of 9.6 thousand tons, but surged to 44.6 thousand tons in 2018, creating a 4.6-fold difference between these years. By 2020, imports had risen to 17.9 thousand tons, an 86.7% increase from 2019. The largest decline was in 2019 with a 78.5% drop, while the biggest increase was in 2018 with a 334.6% rise.

Annual dynamics of product's imports to Oceania in kind, 2017-2020, K t

The structure of imports in kind from 2017 to 2020 was highly diversified. France contributed 3.3% of imports, Ireland 2.6%, and India 2.2%. Together, these three countries made up just 8.1% of total flows, with no single nation emerging as clearly dominant.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Oceania in kind, 2017-2020

Imports in value, M $ US

In 2020, Oceania imported 233 million US dollars worth of butter, dairy spreads, and milk fats, remaining broadly stable compared to the previous year. Over the period from 2017 to 2020, import value increased by 5.4%, with a compound annual growth rate of 1.8%. The highest value was recorded in 2018 at 265 million US dollars, which saw a 19.9% increase. The largest decline occurred in 2019 with a 12.5% drop.

Annual dynamics of product's imports to Oceania in value, 2017-2020, M $ US

From 2017 to 2020, imports in value terms were scattered across various countries. France accounted for 4.2% of imports, India for 3.0%, and Denmark for 2.7%. Combined, these three partners represented only 9.8% of total flows, with no single country standing out as clearly dominant.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Oceania in value, 2017-2020