Market research

Concentrated or sweetened milk and cream market in Australia

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for concentrated or sweetened milk and cream in Australia displayed considerable movement between 2018 and 2021. Volume consumption rose to 172.8 thousand tons in 2019 before falling sharply to 102.6 thousand tons in 2021, with market value declining to 379 million US dollars.

From 2022, the market entered a recovery phase as volume stabilized and value grew. This shift coincided with the influence of growing café culture and home baking trends, which boosted demand for sweetened condensed milk. Continued expansion in 2023 to 124 thousand tons and 616 million US dollars was further supported by global product innovation and rising consumer health consciousness.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Australia
  1. 5.1.1. Annual dynamics of production in Australia in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Australia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production concentrated or sweetened milk and cream in Australia

In kind, 2018-2021, K t

Globally, Australia ranked as the 20th largest producer of concentrated or sweetened milk and cream from 2018 to 2021.

Top producers of concentrated or sweetened milk and cream, 2018-2021

Source: SHEV.io

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

Source: SHEV.io

Following a two-year decline, Australia's production of concentrated or sweetened milk and cream increased in 2021, reaching 300.6 thousand tonnes. This represented little to no change compared to 2020. Over the 2018-2021 period, production decreased by 15.2%, with a compound annual growth rate (CAGR) of -5.4%. The lowest production level was recorded in 2020 at 299.2 thousand tonnes, which also saw the largest decline of 11.0%.

Annual dynamics of production in Australia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(5.3%)	(11.0%)	0.5%	(5.4%)

Source: SHEV.io

In value, 2018-2021, M $ US

In 2021, the output of concentrated or sweetened milk and cream in Australia was valued at 1 126 million US dollars, marking a 21.1% increase from 2020. From 2018 to 2021, production value rose by 15.2%, with a CAGR of 4.8%. The lowest value was recorded in 2020 at 930 million US dollars, which experienced the largest decline of 5.2%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.3%	(5.2%)	21.1%	4.8%

Source: SHEV.io

Exports concentrated or sweetened milk and cream from Australia

Exports in kind, K t

After a two-year decline, Australia's exports of concentrated or sweetened milk and cream increased in 2021, totalling 261.1 thousand tonnes. This represented a 20.7% rise compared to the previous year. Over the 2018-2021 period, exports grew by 5.8%, with a CAGR of 1.9%. The lowest export volume was recorded in 2020 at 216.3 thousand tonnes, while the largest decline occurred in 2019 at 11.2%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(11.2%)	(1.3%)	20.7%	1.9%

Source: SHEV.io

From 2018 to 2021, the main destinations for Australia's exports of concentrated or sweetened milk and cream in volume terms were China (35.0% of exports), Indonesia (12.7%), and Asia, not elsewhere specified (7.0%). Together, these three markets accounted for 54.6% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Australia's exports of concentrated or sweetened milk and cream increased for the second consecutive year in 2021, reaching 977.8 million US dollars. This marked a sharp rise of 45.5% compared to the previous year. Between 2018 and 2021, exports grew by 43.8%, equating to an annualized rate of 12.9%. The lowest value was recorded in 2019 at 639.3 million US dollars, which also saw the largest decline of 6.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(6.0%)	5.1%	45.5%	12.9%

Source: SHEV.io

From 2018 to 2021, the largest buyers of concentrated or sweetened milk and cream from Australia in value terms were China (43.8% of exports), Indonesia (11.0%), and Asia, not elsewhere specified (6.1%). Combined, these three markets formed 60.8% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports concentrated or sweetened milk and cream to Australia

Imports in kind, K t

After a two-year increase, Australia's imports of concentrated or sweetened milk and cream declined in 2021, totalling 63.1 thousand tonnes. This represented a moderate decrease of 6.4% compared to the previous year. Between 2018 and 2021, imports rose by 40.9%, with an annualized rate of 12.1%. The highest import volume was recorded in 2020 at 67.3 thousand tonnes, while the largest increase occurred in 2019 at 25.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	25.0%	20.4%	(6.4%)	12.1%

Source: SHEV.io

From 2018 to 2021, New Zealand remained the primary source for Australia's imports of concentrated or sweetened milk and cream in volume terms, accounting for 72.6% of total flows. The remaining volume was distributed across numerous other destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Following a two-year rise, Australia's imports of concentrated or sweetened milk and cream declined in 2021, reaching 231.4 million US dollars. This marked a decrease of 5.4% compared to 2020. Between 2018 and 2021, imports increased by 33.4%, with an annualized rate of 10.1%. The highest value was recorded in 2020 at 244.6 million US dollars, which also saw the largest increase of 22.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	14.9%	22.8%	(5.4%)	10.1%

Source: SHEV.io

From 2018 to 2021, New Zealand played a leading role in Australia's imports of concentrated or sweetened milk and cream in value terms, with a share of 70.6% of total flows. The remainder was distributed across other trading partners.

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

Source: SHEV.io

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

Source: SHEV.io