Concentrated sweetened milk and cream market in Oceania, 2026

Earlier Report Observations

The market for concentrated sweetened milk and cream in Oceania showed considerable volatility between 2018 and 2023. Following a contraction in 2019, the market value surged by 34% in 2020 to 43.9 million US dollars. This was followed by a decline in 2021 and a period of stabilization in 2022, before a strong recovery in 2023 lifted the market to 48.3 million US dollars, its highest point in the period.

The overall market size was shaped by opposing trends in domestic production and imports. Production fell steadily from 63.5 million US dollars in 2018 to 40.6 million US dollars in 2023. In contrast, import value grew dramatically, nearly tripling from 18.1 million to 49.2 million US dollars over the same six years. Variations in export value moderated these effects, resulting in the observed fluctuations in total market volume.

Production concentrated sweetened milk and cream in Oceania

In kind, 2017-2020, t

Top producers of concentrated sweetened milk and cream, 2017-2020

World map of production of concentrated sweetened milk and cream, 2017-2020

Oceania's production of concentrated sweetened milk and cream declined after two consecutive years of growth. In 2019, output reached its peak at 24 147 tonnes, but then fell by 10.0% to 21 743 tonnes in 2020. Over the 2017-2020 period, production increased by 7.9%, representing a compound annual growth rate of 2.6%. The most significant year-on-year increase occurred in 2019, when production rose by 15.3%.

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

In value, 2017-2020, K $ US

In 2020, the value of concentrated sweetened milk and cream production in Oceania stood at 36 550 thousand US dollars, marking a 29.1% decrease compared to the previous year. From 2017 to 2020, the total value of production declined by 32.5%, which translates to an annualized reduction rate of 12.3%. The largest year-on-year increase was recorded in 2019, when production value grew by 18.5%.

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

Exports concentrated sweetened milk and cream from Oceania

Exports in kind, t

Oceania's exports of concentrated sweetened milk and cream reached 20 926 tonnes in 2020, representing a 19.3% increase over the previous year. Over the 2017-2020 period, export volumes grew by 39%, with a compound annual growth rate of 11.6%. The most significant decline occurred in 2019, when exports fell by 15.8%, while the largest increase was recorded in 2018, with a 38.4% rise.

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

From 2017 to 2020, China, Japan, and South Korea consistently served as the primary destinations for Oceania's exports of concentrated sweetened milk and cream in volume terms. China accounted for 44.4% of total exports, Japan for 7.5%, and South Korea for 3.9%. Together, these three markets represented 55.7% of all export flows during this period.

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, K $ US

For the second consecutive year, the value of concentrated sweetened milk and cream exports from Oceania declined. In 2020, exports amounted to 35 175 thousand US dollars, down 6.1% from 2019. Over the 2017-2020 period, export values decreased by 13.1%, corresponding to a compound annual decline rate of 4.6%. The highest export value was recorded in 2018 at 43 291 thousand US dollars. The most significant decline occurred in 2019 with a 13.5% drop, while the largest increase was in 2018 with a 7.0% rise.

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

From 2017 to 2020, China, South Korea, and Japan accounted for the largest shares of Oceania's concentrated sweetened milk and cream exports by value. China represented 39.0% of total export value, South Korea 11.2%, and Japan 7.5%. Collectively, these three markets comprised 57.6% of all export flows during this period.

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

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

Imports concentrated sweetened milk and cream to Oceania

Imports in kind, t

For the second year in a row, Oceania's imports of concentrated sweetened milk and cream increased in volume. In 2020, imports totaled 11 117 tonnes, reflecting a 27.8% rise compared to the previous year. Over the 2017-2020 period, import volumes grew by 41.9%, with a compound annual growth rate of 12.4%. The lowest import volume was recorded in 2018 at 6 033 tonnes. The most significant decline occurred in 2018 with a 23.0% drop, while the largest increase was in 2019 with a 44.2% rise.

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

From 2017 to 2020, Oceania's imports of concentrated sweetened milk and cream in volume terms were characterized by a diversified set of trading partners. The Netherlands accounted for 31.6% of imports, Spain for 8.9%, and Lithuania for 6.2%. Together, these three countries represented 46.8% of total import flows, while the remaining 53.2% was distributed among numerous smaller markets.

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, K $ US

In 2020, Oceania imported concentrated sweetened milk and cream worth 29 131 thousand US dollars, marking a substantial 63.1% increase compared to the previous year. Between 2017 and 2020, the total value of imports grew by 63.4%, equating to an annualized growth rate of 17.8%. The most significant decline during this period occurred in 2019, when import values fell by 1.4%.

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

From 2017 to 2020, Oceania's imports of concentrated sweetened milk and cream in value terms featured a broad partner landscape. The Netherlands accounted for 30.0% of import value, Spain for 8.6%, and Lithuania for 5.5%. Collectively, these three countries represented 44.1% of total import flows, while a substantial 55.9% came from many other countries.

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

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