Milk and cream market in Oceania

Earlier Report Observations

Between 2018 and 2023, the Oceania milk and cream market experienced a gradual contraction in physical volume, declining from 42 008 thousand tons to 39 615 thousand tons. In contrast, the market's value demonstrated robust growth, rising from 55 822 million dollars to 73 362 million dollars over the same period. This divergence highlights a structural shift where higher unit values, rather than increased consumption, drove the market's expansion.

The notable acceleration in market value during 2023 occurred alongside reports of constrained global milk production. Worldwide output was described as sluggish, with growth largely confined to Asia, which tightened international supply and supported higher commodity prices. Furthermore, a significant trade policy change emerged as China imposed anti-dumping duties on specific European dairy products in 2024. This measure redirected global trade flows, potentially enhancing opportunities for major dairy-exporting regions such as Oceania.

Industry dynamics were also shaped by ongoing product innovation and evolving consumer preferences. A clear trend emerged towards value-added dairy items and products with clean labels, reduced sugar content, and added fortification. These developments, coupled with the continued dominance of supermarket and hypermarket retail channels, contributed to the market's evolution beyond mere volume changes.

Production milk and cream in Oceania

In kind, 2017-2020, K t

Top producers of milk and cream, 2017-2020

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

In 2019, milk and cream production in Oceania saw its largest decline of 1.6%. However, in 2020, output rebounded to 42 213 thousand tonnes, marking a 0.9% increase compared to the previous year. The peak production was recorded in 2018 at 42 524 thousand tonnes, which also represented the largest annual increase of 1.8%.

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

In value, 2017-2020, M $ US

In 2019, the value of milk and cream production in Oceania experienced its largest decline of 1.4%. By 2020, output value had recovered to 56 399 million US dollars, showing a slight year-over-year increase of 1.2%. The highest value was recorded in 2018 at 56 483 million US dollars, which also saw the largest annual increase of 4.1%. Over the period from 2017 to 2020, production value grew by 3.9%, equivalent to an annualized rate of 1.3%.

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

Exports milk and cream from Oceania

Exports in kind, K t

Milk and cream exports from Oceania have increased for the third consecutive year. In 2020, shipments reached 646.5 thousand tonnes, reflecting a controlled 4.1% rise compared to 2019. From 2017 to 2020, exports grew by 23.3%, translating to an annualized rate of 7.2%.

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

Between 2017 and 2020, China, Singapore, and the Philippines were the main destinations for milk and cream exports from Oceania. China accounted for 58.0% of exports in kind, Singapore for 8.0%, and the Philippines for 7.7%. Together, these three countries absorbed 73.6% of total exports in kind.

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

Milk and cream exports from Oceania have grown for the third year in a row. In 2020, export value totalled 863.8 million US dollars, which is 4.5% higher than in 2019. Over the 2017-2020 period, exports increased by 26.8%, with a compound annual growth rate of 8.2%.

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

From 2017 to 2020, China, Singapore, and the Philippines formed the key group of partners for milk and cream exports from Oceania in value terms. China represented 64.0% of exports in value, Singapore 5.1%, and the Philippines 4.8%. Collectively, these three countries accounted for 73.9% of total export flows.

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

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

Imports milk and cream to Oceania

Imports in kind, K t

Oceania's milk and cream import volume has risen for the second consecutive year. In 2020, imports stood at 35.5 thousand tonnes, showing a significant 18.4% improvement compared to the previous year. The lowest import volume was recorded in 2018 at 27.9 thousand tonnes, which also saw the largest annual decline of 8.0%. Between 2017 and 2020, imports increased by 17.1%, equating to an annualized rate of 5.4%.

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

The partner structure for milk and cream imports in kind to Oceania was fragmented from 2017 to 2020. France accounted for 13.8% of imports in kind, Germany for 2.0%, and Indonesia for 1.0%. Together, these three countries represented only 16.8% of total flows, with no single country holding a dominant share.

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

Imported milk and cream volumes in Oceania declined for the second consecutive year. In 2020, imports came to 58.5 million US dollars, amounting to a measured 5.2% decrease compared to 2019. The highest import value was recorded in 2018 at 62.4 million US dollars, which also experienced the largest annual increase of 8.5%.

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

From 2017 to 2020, the supplier portfolio for milk and cream to Oceania was broad. France contributed 16.1% of imports in value terms, the Netherlands 1.9%, and Italy 1.1%. Together, these three countries accounted for only 19.1% of total imports in value, while many other countries held smaller but non-negligible shares.

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

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