Australia - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingExport of Whole Fresh Milk in Australia Sees Slight Increase to $14M in December 2023
Australia Whole Fresh Milk Exports
Whole fresh milk exports from Australia contracted to 15K tons in December 2023, with a decrease of -10.9% against November 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when exports increased by 23% month-to-month. As a result, the exports reached the peak of 17K tons. From February 2023 to December 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, whole fresh milk exports stood at $14M (IndexBox estimates) in December 2023. The total export value increased at an average monthly rate of +2.5% over the period from December 2022 to December 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in March 2023 when exports increased by 47% month-to-month.
| COUNTRY | Export Value of Whole Fresh Milk in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| China | 3.6 | 5.4 | 4.6 | 5.6 | 4.7 | 4.6 | 4.3 | 5.7 | 6.8 | 6.2 | 5.3 | 5.1 | 5.3 |
| Singapore | 2.6 | 2.3 | 1.8 | 3.3 | 2.7 | 3.1 | 2.6 | 2.8 | 3.1 | 2.6 | 2.5 | 2.4 | 2.7 |
| Philippines | 0.7 | 1.0 | 0.6 | 1.9 | 0.8 | 1.3 | 1.4 | 1.6 | 2.0 | 2.1 | 1.6 | 2.6 | 2.4 |
| Hong Kong | 0.9 | 1.2 | 0.7 | 1.0 | 1.0 | 0.6 | 0.8 | 1.2 | 0.7 | 1.1 | 0.7 | 1.0 | 1.2 |
| Malaysia | 0.5 | 0.6 | 0.5 | 0.8 | 0.6 | 0.9 | 0.7 | 0.6 | 0.5 | 0.8 | 1.0 | 0.7 | 0.8 |
| Others | 2.6 | 1.9 | 1.8 | 2.0 | 2.2 | 3.7 | 3.1 | 2.5 | 2.7 | 2.3 | 3.2 | 2.5 | 2.0 |
| Total | 10.7 | 12.4 | 10.0 | 14.6 | 11.9 | 14.3 | 12.9 | 14.4 | 15.8 | 15.0 | 14.2 | 14.3 | 14.4 |
Exports by Country
China (5.3K tons), Singapore (2.9K tons) and the Philippines (2.7K tons) were the main destinations of whole fresh milk exports from Australia, with a combined 74% share of total exports.
From December 2022 to December 2023, the biggest increases were in the Philippines (with a CAGR of +11.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for whole fresh milk exported from Australia were China ($5.3M), Singapore ($2.7M) and the Philippines ($2.4M), with a combined 73% share of total exports.
the Philippines, with a CAGR of +11.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In December 2023, the whole fresh milk price stood at $981 per ton (FOB, Australia), picking up by 13% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in March 2023 an increase of 49% against the previous month. The export price peaked at $1,062 per ton in June 2023; however, from July 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Hong Kong ($1,400 per ton), while the average price for exports to Cambodia ($467 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the whole fresh milk market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
