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New Zealand: dairy sector

The purpose of this report is two-fold:

  • on the one hand, it describes the products that the industry produces, including commodities and various derivatives (butter, concentrated butter, cheese, milk powder, whey powder, casein, etc.);

  • on the other hand, it shows the overall exports of processed products - due to surplus production in relation to the population.

Home to a major exports cooperative, the Fonterra Cooperative Group, New Zealand is able to trade its dairy products on the international market.

NEW ZEALAND: DAIRY SECTOR
  '000 Ton
RAW MATERIAL AREA 2020 2021 2022 2023 2023 2024 % Period
(Dairy Season)1) (2020/21) (2021/22) (2022/23) (2023/24)
Dairy cows ('000 head)1) 4.904 4.842 4.675
± % from previous dairy season -1,3% -3,5%
Average litres per cow 1) 4.426 4.291 4.351
± % from previous dairy season -3,1% +1,4%
Milk production (Source: DCANZ) 21.871 21.884 21.051 21.247 7.507 7.453 -0,7% Jan-Apr 2024
Milkfat (%) a) 1) 4,84 4,86 4,90
Protein (%) a) 1) 3,92 3,91 3,94
Farm-gate prices of raw milk (€ x 100 kg, VAT not included)
m.g. 4.2%, prot. 3.4%
30,33 36,65 42,75 33,39 37,04 33,33 -10,0% Jan-Apr 2024
± % Over the same period of the previous year +20,8% +16,7% -21,9%
$/Kg milksolids ** 1) 7,76 9,52 9,26
DAIRY PRODUCTION 2020 2021 2022 2023 2023 2024(f) % Period
Liquid milk (Source: FAS-USDA) 525 530 535 535 535 535 0,0% Jan-Dec 2024
Cheese (Source: FAS-USDA) 350 380 375 400 400 400 0,0% Jan-Dec 2024
Butter (Source: FAS-USDA) 500 470 500 510 510 525 +2,9% Jan-Dec 2024
SMP (Source: FAS-USDA) 362 330 390 390 390 425 +9,0% Jan-Dec 2024
WMP (Source: FAS-USDA) 1.570 1.600 1.400 1.400 1.400 1.325 -5,4% Jan-Dec 2024
EXPORT 2020 2021 2022 2023 2023 2024 % Period
Bulk and packed milk (HS 040110+040120)
TOP importers
243 269 271 235 73 80 +9,1% Jan-Apr 2024
Cream (HS 040130+040140+040150)
TOP importers
136 170 156 173 56 64 +14,6% Jan-Apr 2024
Yogurt e buttermilk (HS 0403)
TOP importers
36 35 35 37 15 16 +10,1% Jan-Apr 2024
Butter (HS 0405)
TOP importers
425 398 451 472 162 155 -4,7% Jan-Apr 2024
of which:
Anhydrous Milk Fat (HS 040590)
TOP importers
190 163 191 200 60 65 +8,5% Jan-Apr 2024
Cheese (HS 0406)
TOP importers
327 358 340 374 134 118 -11,8% Jan-Apr 2024
WMP (whole milk powder - HS 040221+040229)
TOP importers
1.533 1.617 1.328 1.366 453 532 +17,3% Jan-Apr 2024
SMP (skimmed milk powder - HS 040210)
TOP importers
356 326 357 451 173 170 -1,6% Jan-Apr 2024
Whey powder (HS 0404)
TOP importers
87 97 83 90 31 39 +25,2% Jan-Apr 2024
Casein (HS 350110)
TOP importers
50 63 61 54 18 23 +26,5% Jan-Apr 2024
Caseinates (HS 350190)
TOP importers
36 33 32 30 9,6 9,7 +1,2% Jan-Apr 2024
Lactose pharmaceutical (HS 170211)
TOP importers
26 24 28 28 12 8,7 -25,9% Jan-Apr 2024
Infant milk formula (HS 190110)
TOP importers
101 88 91 80 31 27 -12,7% Jan-Apr 2024
Fat-Filled Milk Powder (FFMP) (HS 190190)
TOP importers
74 59 59 55 18 19 +1,2% Jan-Apr 2024
Whey Protein Isolate (WPI) (HS 350220)
TOP importers
21 27 22 23 8,2 9,8 +19,4% Jan-Apr 2024
IMPORT 2020 2021 2022 2023 2023 2024 % Period
Whey powder (HS 0404)
TOP exporters
22 12 12 11 4,1 3,3 -17,8% Jan-Apr 2024
Lactose pharmaceutical (HS 170211)
TOP exporters
122 104 99 89 31 35 +16,3% Jan-Apr 2024
Cheese (HS 0406)
TOP exporters
10 11 10 14 4,0 3,3 -18,9% Jan-Apr 2024
DOMESTIC CONSUMPTION (Source: FAS-USDA) 2020 2021 2022 2023 2023 2024(f) % Period
Cheese 38 38 39 40 40 40 0,0% Jan-Dec 2024
Butter 30 31 32 32 32 32 0,0% Jan-Dec 2024
SMP 14 15 15 15 15 15 0,0% Jan-Dec 2024
WMP 18 18 18 18 18 18 0,0% Jan-Dec 2024
PER CAPITA CONSUMPTIONS (kg) 2020 2021 2022 2023 2023 2024(f) % Period
Cheese 7,51 7,41 7,52 7,65
Butter 5,93 6,04 6,17 6,12
SMP 2,77 2,92 2,89 2,87
WMP 3,56 3,51 3,47 3,44
SOCIO-ECONOMIC INDICATORS 2020 2021 2022 2023 2023 2024(f) % Period
Population ('000) 5.061 5.130 5.185 5.228
GDP per capita (U.S. dollars) 41.309 48.779 (e) 47.208 (e) 48.827 (e)
GDP per capita (€) * 36.142 41.242(e) 44.830(e) 45.156(e)
NOTE
1) Dairy Season: June 1st - May 31th
a) Average excludes Northland, Taranaki and Wellington/Hawkes Bay
(f): forecast
** Average Dairy Company total payout. From 2009/10 average dairy co-operative payout is from Fonterra, Tatua, and Westland. This includes Fonterra dividend payments.
- Per capita consumptions are obtained dividing total consumption (Source FAS-USDA ) by the population (Source FAO)
(e) estimated
* Per capita GDP in Euro is calculated by using the yearly average exchange rate

Source:
Raw material area: Milk production: Dcanz; Number of cows, Average litres per cow, milksolids, milkfat and protein: Lic ; Farm-gate milk prices: LTO NEDERLAND
Dairy production: FAS-USDA
Import/Export: Stat.nz
Consumption: FAS-USDA
GDP per capita: International Monetary Found
Population: FAO

Last update: 27-12-2023
NOTE: Access to World Dairy Trade, which also contains the processing of Import / Export of the New Zealand with MONTHLY UPDATES, is reserved for Supporters of CLAL.it