Overview of the Market for Unsweetened Condensed And Evaporated Milk in Australia
In value terms, unsweetened condensed and evaporated milk production declined to $ in 2019 estimated in export prices. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2018, and then dropped in the following year.
The revenue of the market for condensed or evaporated milk (unsweetened) in Australia contracted markedly to $ in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt slump. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Unsweetened condensed and evaporated milk consumption peaked at $ in 2018, and then contracted rapidly in the following year.