Highlights
- Milk exports topped $1.5BN in 2020.
- The value of milk exports increased 16% since 2016.
- Asian demand driving dairy gains.
Australia?s dairy industry has seen a steady gain in the value of milk exports leaving Australian ports, with a 16% lift since 2016 to top more than $1.5BN this year.
Demand for Australian and New Zealand milk products has surged since China?s melamine scandal in 2008 in which variants of plastic were found in local dairy products.
Since 2016, the value of exports has increased on average by 3.9% on an annualised basis as Asian demand for premium food from countries with strong farming regulations finds a larger audience in Asia.