Concentrated milk and cream market in Australia and New Zealand

Earlier Report Observations

The market for concentrated milk and cream in Australia and New Zealand expanded vigorously from 2018 to 2023, with its total value rising from 17.7 to 49.8 million US dollars. This growth phase saw the market nearly triple in size, highlighting a period of increased domestic consumption and trade activity.

A sharp upturn in 2019 drove the market to 30.0 million US dollars, followed by a slight contraction the next year. Subsequent years brought renewed growth, peaking at 49.1 million US dollars in 2022 before stabilizing in 2023. Underpinning this trend, domestic production value increased from 90.9 to 131.9 million US dollars over the period, while import and export flows also rose significantly.

The overall market expansion was supported by rising production and import volumes, which outweighed the concurrent growth in exports. This resulted in a substantially larger available market for concentrated milk and cream within the region by the end of 2023.

Production concentrated milk and cream in Australia and New Zealand

In kind, 2018-2021, t

Top producers of concentrated milk and cream, 2018-2021

World map of production of concentrated milk and cream, 2018-2021

In 2021, Australia and New Zealand produced 52 101 tonnes of concentrated milk and cream, marking a slight year-on-year increase of 1.5%. Production grew by 32.2% over the 2018-2021 period, with a compound annual growth rate of 9.8%. The highest production volume was recorded in 2019 at 52 178 tonnes, which saw the largest increase of 32.4%. In 2020, production experienced its most significant decline of 1.6%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, t

In value, 2018-2021, M $ US

In 2021, the output value of concentrated milk and cream in Australia and New Zealand reached 112.0 million US dollars, showing a moderate advance of 4.3% compared to the previous year. Over the 2018-2021 period, production value increased by 23.1%, with a compound annual growth rate of 7.2%. The peak value was recorded in 2019 at 114.1 million US dollars, which saw the largest increase of 25.5%. In 2020, the value declined by 5.9%, the most significant drop in the period.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, M $ US

Exports concentrated milk and cream from Australia and New Zealand

Exports in kind, t

Australia and New Zealand's concentrated milk and cream export volume increased for the third consecutive year in 2021, reaching 53 572 tonnes, which is 4.9% higher than in 2020. Over the 2018-2021 period, exports grew by 38.9%, with a compound annual growth rate of 11.6%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, t

From 2018 to 2021, the principal buyers of concentrated milk and cream from Australia and New Zealand were Asia, not elsewhere specified (28.4% of exports in kind), China (25.8% of exports in kind), and Malaysia (18.3% of exports in kind). Together, these three markets accounted for 72.6% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, M $ US

Concentrated milk and cream exports from Australia and New Zealand increased for the third consecutive year in 2021, amounting to 115.1 million US dollars, which represents a measured improvement of 7.8% compared to 2020. Over the 2018-2021 period, exports grew by 29.4%, with a compound annual growth rate of 9.0%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, M $ US

From 2018 to 2021, the main buyers of concentrated milk and cream from Australia and New Zealand in value terms were Asia, not elsewhere specified (33.9% of exports in value terms), China (20.0% of exports in value terms), and Malaysia (18.9% of exports in value terms). These three markets jointly formed 72.8% of total exports in value terms.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports concentrated milk and cream to Australia and New Zealand

Imports in kind, t

Foreign supplies of concentrated milk and cream to Australia and New Zealand increased for the third consecutive year in 2021, with import volume standing at 16 814 tonnes, up by 50.7% compared to the previous year. Over the 2018-2021 period, imports surged by 238.9%, with a compound annual growth rate of 50.2%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, t

From 2018 to 2021, the main sources of concentrated milk and cream imports to Australia and New Zealand were the Netherlands (31.4% of imports in kind), Spain (19.2% of imports in kind), and Lithuania (13.8% of imports in kind). Together, these three countries accounted for 64.3% of total imports in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, M $ US

Concentrated milk and cream deliveries to Australia and New Zealand increased for the third consecutive year in 2021, with imports amounting to 35.9 million US dollars, corresponding to a 22.8% increase compared to 2020. Between 2018 and 2021, imports grew by 127.6%, equating to an annualized rate of 31.5%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, M $ US

Throughout 2018 to 2021, the core group of markets for concentrated milk and cream imports to Australia and New Zealand in value terms were the Netherlands (29.4% of imports in value terms), Spain (18.5% of imports in value terms), and Lithuania (12.0% of imports in value terms). Together, these three markets represented 59.9% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021