Market research

Milk and cream market in Australia and New Zealand

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Australia and New Zealand" region includes following countries:

Australia

Christmas Island

Cocos (Keeling) Islands

Heard Island and McDonald Islands

New Zealand

Norfolk Island

Earlier Report Observations

The milk and cream market in Australia and New Zealand saw a gradual decline in physical volume from 2018 to 2023. Market size in thousand tonnes fell from 41 943 in 2018 to a low of 39 163 in 2022, before a modest recovery to 39 526 in 2023, marking an overall contraction of approximately 6% over the period.

In contrast, the market's value in million USD showed strong and sustained growth, rising from 54 714 in 2018 to 72 206 in 2023, an increase of over 30%. The most significant value surge occurred between 2022 and 2023, when the market value grew by more than 20% despite minimal volume growth.

Domestic production volume mirrored the market's downward trend, decreasing from 42 493 thousand tonnes in 2018 to 40 133 thousand tonnes in 2023. The sharp rise in market and production value against a backdrop of falling volume indicates substantial changes in the sector's pricing or product composition.

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 and New Zealand
  1. 5.1.1. Annual dynamics of production in Australia and New Zealand in kind, 2018-2023, K t
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 milk and cream in Australia and New Zealand

In kind, 2018-2021, K t

Top producers of milk and cream, 2018-2021

Source: SHEV.io

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

Source: SHEV.io

In 2021, Australia and New Zealand produced 41 103 K t of milk and cream, representing a slight reduction of 2.6% compared to the previous year. Over the period from 2018 to 2021, production decreased by 3.3%, with a compound annual growth rate of 1.1%. The largest increase occurred in 2020, at 0.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(1.6%)	0.9%	(2.6%)	(1.1%)

Source: SHEV.io

In value, 2018-2021, M $ US

In 2021, the output of milk and cream in Australia and New Zealand was valued at 55 914 M $ US, reflecting a small decline of 1.9% from the prior year. The minimum value was recorded in 2019 at 54 426 M $ US, while the maximum value was reached in 2020 at 57 024 M $ US. The largest increase was observed in 2020, with a rise of 4.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(1.8%)	4.8%	(1.9%)	0.3%

Source: SHEV.io

Exports milk and cream from Australia and New Zealand

Exports in kind, K t

Australia and New Zealand's milk and cream export volume increased for the third consecutive year. In 2021, exports totalled 836.5 K t, which is 30.9% higher than the previous year. Between 2018 and 2021, exports grew by 50.9%, equating to an annualized rate of 14.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	14.5%	0.6%	30.9%	14.7%

Source: SHEV.io

From 2018 to 2021, the leading destinations for milk and cream exports in kind from Australia and New Zealand were China, accounting for 60.7% of exports, Singapore with 7.3%, and the Philippines at 6.5%. Together, these three countries represented 74.5% 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 and New Zealand in kind, 2018-2021

Source: SHEV.io

Exports in value, M $ US

Exported milk and cream volumes from Australia and New Zealand increased for the third consecutive year. In 2021, exports reached 1 138 M $ US, marking a steep rise of 31.8% compared to the previous year. Over the period from 2018 to 2021, exports grew by 57.4%, with a compound annual growth rate of 16.3%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	14.3%	4.5%	31.8%	16.3%

Source: SHEV.io

From 2018 to 2021, China, Singapore, and the Philippines consistently held leading positions in the export structure by value. China accounted for 67.8% of exports, Singapore for 4.6%, and the Philippines for 4.1%. Collectively, these three countries made up 76.5% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports milk and cream to Australia and New Zealand

Imports in kind, K t

After a two-year advance, cross-border shipments of milk and cream to Australia and New Zealand declined. In 2021, import volume totalled 5.3 K t, marking a substantial decline of 20.1% year-over-year. Over the period from 2018 to 2021, imports increased by 30.6%, with a compound annual growth rate of 9.3%. The maximum value was recorded in 2020 at 6.7 K t, while the largest increase occurred in 2019 at 29.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	29.7%	26.1%	(20.1%)	9.3%

Source: SHEV.io

From 2018 to 2021, Mexico, Italy, and the Netherlands consistently occupied leading positions in the import structure by kind. Mexico accounted for 4.3% of imports, Italy for 2.6%, and the Netherlands for 2.1%. Together, these three countries represented 9.0% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Cross-border shipments of milk and cream to Australia and New Zealand declined for the second consecutive year. In 2021, imports reached 16 M $ US, down by 4.9% compared to 2020. Between 2018 and 2021, imports decreased by 13.4%, equating to an annualized rate of 4.7%. The maximum value was recorded in 2019 at 20 M $ US. The largest decline occurred in 2020 at 12.1%, while the largest increase was in 2019 at 3.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	3.6%	(12.1%)	(4.9%)	(4.7%)

Source: SHEV.io

The country composition of imports in value terms from 2018 to 2021 was dispersed. The Netherlands accounted for 6.2% of imports, Mexico for 4.9%, and Italy for 3.6%. Together, these three countries formed just 14.6% of total flows, with the remaining 85.4% split among a wide range of other destinations.

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

Source: SHEV.io

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

Source: SHEV.io