Value of dairy exports from Australia FY 2023, by leading destination
In the fiscal year 2023, the value of Australian dairy exports to China was estimated to be around 1.17 billion Australian dollars. China was the leading export destination for Australian dairy products, accounting for more than 35 percent of total dairy export value, followed by Japan and Indonesia.
Dairy Industry in Australia
In Australia, there were approximately 220 dairy produce wholesalers operating in New South Wales. In comparison, the Australian Capital Territory had about three businesses in that sector that same year. The volume of cheese produced was approximately 408 thousand metric tons. In 2022, this was the leading manufactured dairy product by weight in the country, followed by skim milk powder. Furthermore, the state of Victoria was Australia's largest producer of milk, producing approximately 372 million liters in June 2022. This was followed by New South Wales, which produced approximately 77.8 million liters of milk in the same month.
Dairy exports
Australia was the Asia-Pacific region's second largest milk exporter, with nearly 1.4 billion U.S. dollars in milk exports in 2021. In Victoria, dairy products were one of the leading commodity groups in terms of export value, totaling approximately 2.6 billion Australian dollars in 2021.