The market is dominated by domestic suppliers, as imports account for 8.0% of total market size in 2023. Households drive market demand, with household spending representing 59.6% of total demand in 2023. Australia has the ninth largest market size for dairy products across the top 20 developed countries, with demand reaching USD19.5 billion in 2023. New Zealand Milk (Australasia) Pty Ltd is the largest company in Australia, generating 11.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 42.7% of total production value in 2023. The total number of companies decreases in 2023, to 552 units. The costs of the industry increase by 1.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 4.1% of production value in 2023, the 19th highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 11.1% of total production output. With production value of USD16.3 billion, Australia accounts for 44.6% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Dairy Products in Australia: ISIC 152. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Dairy Products in Australia: ISIC 152 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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