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 | 2.352 | 2.324 | -1,2% | Jan 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 | 38,34 | 33,54 | -12,5% | Jan 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) |
|
243 | 269 | 271 | 233 | 17 | 19 | +7,0% | Jan 2024 | |
Cream (HS 040130+040140+040150) |
|
136 | 170 | 156 | 173 | 15 | 18 | +20,7% | Jan 2024 | |
Yogurt e buttermilk (HS 0403) |
|
36 | 35 | 35 | 37 | 5,3 | 4,8 | -8,7% | Jan 2024 | |
Butter (HS 0405) |
|
425 | 398 | 451 | 472 | 43 | 45 | +4,8% | Jan 2024 | |
of which: | ||||||||||
Anhydrous Milk Fat (HS 040590) |
|
190 | 163 | 191 | 200 | 17 | 18 | +7,1% | Jan 2024 | |
Cheese (HS 0406) |
|
327 | 358 | 340 | 374 | 35 | 31 | -9,6% | Jan 2024 | |
WMP (whole milk powder - HS 040221+040229) |
|
1.533 | 1.617 | 1.328 | 1.366 | 119 | 147 | +24,0% | Jan 2024 | |
SMP (skimmed milk powder - HS 040210) |
|
356 | 326 | 357 | 451 | 50 | 60 | +20,7% | Jan 2024 | |
Whey powder (HS 0404) |
|
87 | 97 | 83 | 90 | 11 | 8,9 | -17,6% | Jan 2024 | |
Casein (HS 350110) |
|
50 | 63 | 61 | 54 | 5,1 | 5,2 | +2,3% | Jan 2024 | |
Caseinates (HS 350190) |
|
36 | 33 | 32 | 30 | 2,3 | 2,8 | +21,6% | Jan 2024 | |
Lactose pharmaceutical (HS 170211) |
|
26 | 24 | 28 | 28 | 2,7 | 1,8 | -33,7% | Jan 2024 | |
Infant milk formula (HS 190110) |
|
101 | 88 | 91 | 80 | 5,8 | 5,8 | -0,5% | Jan 2024 | |
Fat-Filled Milk Powder (FFMP) (HS 190190) |
|
74 | 59 | 59 | 55 | 5,0 | 3,2 | -35,3% | Jan 2024 | |
Whey Protein Isolate (WPI) (HS 350220) |
|
21 | 27 | 22 | 23 | 2,0 | 2,2 | +11,4% | Jan 2024 | |
IMPORT | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | % | Period | ||
Whey powder (HS 0404) |
|
22 | 12 | 12 | 11 | 1,4 | 0,9 | -34,3% | Jan 2024 | |
Lactose pharmaceutical (HS 170211) |
|
122 | 104 | 99 | 89 | 8,4 | 7,4 | -12,4% | Jan 2024 | |
Cheese (HS 0406) |
|
10 | 11 | 10 | 14 | 0,9 | 1,0 | +13,5% | Jan 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) | 41.307 | 48.793 | 47.226 (e) | 48.072 (e) | ||||||
GDP per capita (€) * | 36.141 | 41.254 | 44.847(e) | 44.458(e) | ||||||
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