Australia and Oceania: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Australia and Oceania

The butter and dairy spreads market in Australia and Oceania amounted to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, showed a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Butter And Dairy Spreads in Australia and Oceania

In value terms, butter and dairy spreads production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

New Zealand (X tons) remains the largest butter and dairy spreads producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, butter and dairy spreads production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in New Zealand amounted to X%.

Exports of Butter And Dairy Spreads

Exports in Australia and Oceania

In 2022, butter and dairy spreads exports in Australia and Oceania expanded remarkably to X tons, growing by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, butter and dairy spreads exports soared to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

New Zealand prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Australia (X tons) held a relatively small share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of butter and dairy spreads. Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, New Zealand ($X) remains the largest butter and dairy spreads supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

In New Zealand, butter and dairy spreads exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Imports of Butter And Dairy Spreads

Imports in Australia and Oceania

In 2022, approx. X tons of butter and dairy spreads were imported in Australia and Oceania; surging by X% on the year before. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, butter and dairy spreads imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Fiji (X tons), French Polynesia (X tons), Papua New Guinea (X tons) and New Caledonia (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the butter and dairy spreads imports, with a CAGR of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) and New Caledonia (X%) displayed positive paces of growth. Fiji and French Polynesia experienced a relatively flat trend pattern. While the share of Australia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported butter and dairy spreads in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total imports. It was followed by Fiji, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%. In the other countries, the average annual rates were as follows: French Polynesia (X% per year) and Fiji (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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