Report Update May 1, 2024

Australia - Cream - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Cream Market 2021

Cream Market Size in Australia

For the fourteenth consecutive year, the Australian cream market recorded growth in sales value, which increased by X% to $X in 2020. In general, consumption continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Cream consumption peaked in 2020 and is likely to see gradual growth in the immediate term.

Cream Production in Australia

In value terms, cream production soared to $X in 2020 estimated in export prices. Over the period under review, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Cream production peaked in 2020 and is likely to see gradual growth in the immediate term.

Cream Exports

Exports from Australia

Cream exports from Australia reduced markedly to X tons in 2020, dropping by -X% against 2019. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports reduced to $X in 2020. In general, exports saw a perceptible setback. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for cream exports from Australia, accounting for a X% share of total exports. Moreover, cream exports to South Korea exceeded the volume sent to the second major destination, Macao SAR (X tons), fivefold. The third position in this ranking was occupied by New Zealand (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to South Korea totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+X% per year) and New Zealand (-X% per year).

In value terms, South Korea ($X) remains the key foreign market for cream exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to South Korea stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and New Zealand (-X% per year).

Export Prices by Country

The average cream export price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Cream Imports

Imports into Australia

In 2020, purchases abroad of cream increased by X% to X tons, rising for the sixth consecutive year after three years of decline. Over the period under review, imports, however, saw a sharp slump. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, cream imports shrank notably to $X in 2020. In general, imports, however, faced a sharp decrease. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, New Zealand (X tons) was the main cream supplier to Australia, with a X% share of total imports. It was followed by Denmark (X tons), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from New Zealand stood at -X%.

In value terms, New Zealand ($X) constituted the largest supplier of cream to Australia, comprising X% of total imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from New Zealand stood at -X%.

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Denmark ($X per ton), while the price for New Zealand totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cream in the world?

The countries with the highest volumes of cream consumption in 2020 were China, the U.S. and Germany, together comprising 34% of global consumption. These countries were followed by France, Norway, Indonesia, Pakistan, Bangladesh, South Korea, Ethiopia, the UK, Iran and Canada, which together accounted for a further 24%.

What are the largest producers of cream in the world?

The countries with the highest volumes of cream production in 2020 were China, the U.S. and Germany, together accounting for 34% of global production. Norway, Indonesia, Pakistan, Bangladesh, France, Ethiopia, South Korea, Iran, Canada and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of cream to Australia?

In value terms, New Zealand constituted the largest supplier of cream to Australia, comprising 86% of total imports. The second position in the ranking was occupied by Denmark, with a 14% share of total imports.

What are the leading importers of cream from Australia?

In value terms, South Korea remains the key foreign market for cream exports from Australia, comprising 63% of total exports. The second position in the ranking was occupied by Japan, with a 11% share of total exports. It was followed by New Zealand, with a 6.9% share.

What is the average export price for cream in Australia?

In 2020, the average cream export price amounted to $10,504 per ton, with an increase of 17% against the previous year.

What is the average import price for cream in Australia?

In 2020, the average cream import price amounted to $707 per ton, waning by -23% against the previous year.

This report provides an in-depth analysis of the cream 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 2025.

Product coverage:

Prodcom 10511210 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
Prodcom 10511220 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l
Prodcom 10511230 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
Prodcom 10511240 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023