机构研究报告-Dairy industry in New Zealand-外文版培训课件

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MARKETSDairyindustryinNewZealandCHAPTER

01GlobaloverviewMajorproducersofcowmilkworldwidein2024,bycountry(inmillionmetrictons)Leadingproducersofcowmilkworldwide2024,bycountryProductionvolumeinmillionmetrictons60

8002040100120140160EU-27UnitedStatesIndia144.6103.8799.5China41.5Russia32.5Brazil25.2NewZealandUnitedKingdomMexico21.215.613.511.510.318.58.05ArgentinaCanadaAustraliaBelarus3Description:TheleadingproducerofcowmilkworldwidewastheEuropeanUnionin2024.Inthatyear,the27countriesoftheEuropeanUnioncollectivelyproducedover144millionmetrictonsofcowmilk.TheUnitedStateswasrankedsecondwithaproductionvolumeofaround104millionmetrictons.ReadmoreNote(s):Worldwide;2024Source(s):FAO;USDepartmentofAgricultureMajorbutterproducingcountriesworldwidein2024(in1,000metrictons)Leadingcountriesinbutterproduction2024Butterproductioninthousandmetrictons01,0002,0003,0004,0005,0006,0007,0008,000IndiaEU-276,9502,090NewZealandRussia500285250MexicoUnitedKingdomCanada210130Belarus127127ChinaBrazil83UnitedStates1,0124Description:In2024,Indiachurnedatotalofover6.9millionmetrictonsofbutter,makingitthetopbutterproducingcountryoftheyear.TheEuropeanUnioncamesecond,wherearound2.1millionmetrictonsofbutterwasproduced.

ReadmoreNote(s):Worldwide;2024Source(s):EconomicResearchService;USDepartmentofAgricultureMajorcheeseproducingcountriesin2024(in1,000metrictons)Leadingcountriesincheeseproduction2024Productioninthousandmetrictons02,0004,0006,0008,00010,00012,000EU-27UnitedStatesRussia10,7006,4981,115Brazil775Canada530525UnitedKingdomArgentinaMexico455474435375380AustraliaNewZealandBelarus5Description:TheEuropeanUnionisbyfarthetopproducerofcheeseworldwide.In2024,the27countriesthatmakeuptheEuropeanUnionproducedabout10.7millionmetrictonsofcheese.

ReadmoreNote(s):Worldwide;2024Source(s):EconomicResearchService;USDepartmentofAgricultureNumberofmilkcowsworldwidein2024,bycountry(in1,000heads)Numberofmilkcowsworldwide2024,bycountryNumberinthousandheads010,00020,00030,00040,00050,00060,00070,000IndiaEuropeanUnionBrazil61,50019,92517,300UnitedStatesMexico9,3456,750ChinaRussia6,6006,290NewZealandUnitedKingdomArgentinaBelarus4,6351,8401,4901,4651,2801,310AustraliaUkraine6Description:Indiaishometothehighestnumberofmilkcowsofanycountry,atover61millionheadasof2024.Thatyear,theEuropeanUnionhadthesecondmostmilkcowsworldwide,atabout20millionhead.

ReadmoreNote(s):Worldwide;2024Source(s):USDAForeignAgriculturalServiceCHAPTER

02TradeTotalexportrevenueofthedairyindustryinNewZealandfromfinancialyear2015to2024,withaforecastuntil2026(inbillionNewZealanddollars)DairyindustryexportrevenueNewZealandFY2015-20263026.0125.525.5625201510523.232220.119.0618.1116.6614.6414.0513.29020152016201720182019202020212022202320242025*2026*8Description:Infinancialyear2024,dairyindustryexportsfromNewZealandwerevaluedataround23billionNewZealanddollars.Thisrepresentedadecreasefromfinancialyear2023,inwhichdairyindustryexportscametoapproximately26billionNewZealanddollars.ReadmoreNote(s):FY2015toFY2024;*Forecasted.OneNewZealanddollarisequaltoapproximately0.58U.S.dollarsand0.55euros(asofDecember2024).Thisworkisbasedon/includesStatsNZ'sdatawhicharelicensedbyStatsNZforre-useunderthe[...]

ReadmoreSource(s):MinistryforPrimaryIndustries(NewZealand);StatisticsNewZealandLeadingmarketsfordairyexportsfromNewZealandinfinancialyear2024,byshareofexportsMajordairyexportdestinationsNewZealandFY2024,byexportshareOther29%China35%UnitedArabEmirates3%Thailand3%SaudiArabia3%Algeria4%UnitedStates6%Australia5%Japan4%Malaysia4%Indonesia4%9Description:Infinancialyear2024,theleadingexportmarketfordairyexportsfromNewZealandwasChina,withashareofaround35percentofNewZealand'sdairyexports.TheUnitedStatesandAustraliaheldthenexthighestsharesofdairyexportsfromNewZealand,withashareofapproximatelyfivepercenteachinexportsthatyear.ReadmoreNote(s):Worldwide,NewZealand;FY2024Source(s):MinistryforPrimaryIndustries(NewZealand);StatisticsNewZealandTotalwholemilkpowderexportsfromNewZealandfrom2022to2024,withaforecastfor2025(in1,000metrictons)WholemilkpowderexportsNewZealand2022-20251,6001,4501,4501,3661,4001,2001,00080060040020001,3282022202320242025*10Description:In2024,approximately1.45millionmetrictonsofwholemilkpowderwasexportedfromNewZealandtotherestoftheworld.Theexportvolumewasestimatedtoremainaroundthesamemarkinthe2025marketyear.

ReadmoreNote(s):NewZealand;2022to2024;marketyearbeginningJanuary;*ForecastReadmoreSource(s):TradeDataMonitor;USDAForeignAgriculturalServiceExportrevenueofwholemilkpowderinNewZealandfrom2017to2024withaforecastuntil2026(inmillionNewZealanddollars)WholemilkpowderexportrevenueNewZealand2017-20269,0008,4808,3048,2748,3208,0007,0006,0005,0004,0003,0002,0001,00007,5557,5427,4576,6755,8185,271201720182019202020212022202320242025*2026*11Description:In2024,therevenuegeneratedfromwholemilkpowderexportsfromNewZealandcametoaround7.5billionNewZealanddollars.By2026,thisvaluewasforecastedtoreachover8.3billionNewZealanddollars.

ReadmoreNote(s):NewZealand;2017to2024;yearsendedJune;*Forecasted.Thisworkisbasedon/includesStatsNZ'sdatawhicharelicensedbyStatsNZforre-useundertheCreativeCommonsAttribution4.0Internationallicense.

ReadmoreSource(s):MinistryforPrimaryIndustries(NewZealand);StatisticsNewZealandExportrevenueoffluidmilkandotherdairyproductsinNewZealandfromfinancialyear2017to2024withaforecastuntil2026(inmillionNewZealanddollars)FluidmilkexportrevenueinNewZealandFY2017-20262,5002,3302,2802,1982,1951,9142,0001,5001,0005001,6481,4911,3181,0508450201720182019202020212022202320242025*2026*12Description:IntheyearendedJune2024,theexportrevenuefromfluidmilkandotherdairyproductsfromNewZealandamountedtoalmost2.2billionNewZealanddollars.Theexportvalueoftheseproductswasforecasttoincreasetoaround2.3billionNewZealanddollarsby2026.ReadmoreNote(s):NewZealand;financialyear2017to2024;yearsendedJune;*Forecast.Includesliquidmilkandcream,ultra-hightemperaturemilk,yoghurtandice-cream.Thisworkisbasedon/includesStatsNZ'sdatawhicharelicensedbyStatsNZfor[...]

ReadmoreSource(s):MinistryforPrimaryIndustries(NewZealand);StatisticsNewZealandExportrevenueofbutter,AMF,andcreaminNewZealandfrom2017to2024withaforecastuntil2026(inmillionNewZealanddollars)Butter,AMF,andcreamexportrevenueNewZealand2017-20266,0005,0704,8605,0004,0003,0002,0001,00004,5894,1383,8123,6123,5193,3602,7942,667201720182019202020212022202320242025*2026*13Description:In2024,therevenuegeneratedfrombutter,cream,andAMFexportsfromNewZealandcametoaround4.14billionNewZealanddollars.By2026,thisvaluewasforecastedtoreachover4.8billionNewZealanddollars.

ReadmoreNote(s):NewZealand;2017to2024;yearsendedJune;*Forecasted.AMFreferstoanhydrousmilkfat.Thisworkisbasedon/includesStatsNZ'sdatawhicharelicensedbyStatsNZforre-useundertheCreativeCommonsAttribution4.0[...]

ReadmoreSource(s):MinistryforPrimaryIndustries(NewZealand);StatisticsNewZealandExportrevenueofcheeseinNewZealandfrom2017to2024withaforecastuntil2026(inmillionNewZealanddollars)CheeseexportrevenueNewZealand2017-20263,5003,0392,9203,0002,8202,6042,5002,1992,0722,0651,9651,9052,0001,5001,0005001,8300201720182019202020212022202320242025*2026*14Description:In2024,therevenuegeneratedfromcheeseexportsfromNewZealandamountedtoapproximately2.6billionNewZealanddollars.By2026,thisvaluewasforecastedtoreacharound2.9billionNewZealanddollars.

ReadmoreNote(s):NewZealand;2017to2024;yearsendedJune;*Forecasted.Thisworkisbasedon/includesStatsNZ'sdatawhicharelicensedbyStatsNZforre-useundertheCreativeCommonsAttribution4.0Internationallicense.

ReadmoreSource(s):MinistryforPrimaryIndustries(NewZealand);StatisticsNewZealandCHAPTER

03DairyfarmingNumberofdairycattlelivestockinNewZealandfrom2014to2024(inmillions)DairycattlelivestocknumbersinNewZealand2014-20248765432106.76.626.496.536.396.266.26.195.935.925.8820142015201620172018201920202021202220232024*16Description:ThenumberofdairycattleonfarmsinNewZealandhasdecreasedsincethebeginningofthemeasuredperiod,2014,toreachapproximately5.92millioncowsasofJune2024.Themilkproducedfromthesecowsisprocessedintoalargevarietyofdairyproductswhichareconsumedlocallyandglobally.Subsequently,thedairyindustrymakesupalargeportionofNewZealand’sexportincome.ꢀDairyfarmingHolstein-Friesian/Jerseycrossbreedcowswerethemostcommonbreedofdairy[...]

ReadmoreNote(s):NewZealand;2014to2024;asofJune30ofeachyear;*Provisional.Source:StatsNZandlicensedbyStatsNZforre-useundertheCreativeCommonsAttribution4.0Internationallicense.Valueshavebeenrounded.

ReadmoreSource(s):StatisticsNewZealandDistributionofdairycowsinNewZealandin2024,byregionDairycowshareinNewZealand2024,byregionShareofdairycows0%5%10%15%20%25%WaikatoNorthCanterburySouthland22.9%14.9%12.7%Taranaki9.5%CentralPlateauOtago5.3%5.7%NorthlandSouthCanterburyManawatu4.8%5.3%4.2%3.6%BayofPlentyWairarapa3%WestCoastAuckland2.9%1.9%17Description:Duringthe2024dairyseason,theWaikatoregionhadthelargestshareofdairycowsinNewZealand,at22.9percent.IntheSouthIsland,theNorthCanterburyregionheldthelargestshareofcowsusedtoproducedairyproducts.

ReadmoreNote(s):NewZealand;yearendedMay31,2024Source(s):DairyNZDistributionofdairycowsinNewZealandin2024,bybreedDairycowshareinNewZealand2024,bybreedShareofcows0%10%20%30%40%50%60%70%Holstein-Friesian/Jerseycrossbreed60.4%Holstein-FriesianJersey23.9%7.5%Ayrshire0.4%Other7.8%18Description:Duringthe2024dairyseason,over60percentofalldairycowsinNewZealandwereHolstein-Friesian/Jerseycrossbreeds.Ingeneral,farmersinNewZealandhavebeenmigratingtowardscrossbredcowstogetthebesttraitsfromthetwomajorbreedsfordairyfarming.ReadmoreNote(s):NewZealand;yearendedMay31,2024Source(s):DairyNZAveragesalepriceofdairyfarmsinNewZealandfrom2013to2024(inmillionNewZealanddollars)AveragesalepriceofdairyfarmsNewZealand2013-202465.385.235.175.1354.944.874.814.814.85432104.454.3820132014201520162017201820192020202120222023202419Description:In2024,theaveragesalepriceofdairyfarmsinNewZealandstoodataroundfivemillionNewZealanddollars.Thismarkedanincreasefromthepreviousyearwhentheaveragesalepriceofdairyfarmsinthecountryamountedtoabout4.87millionNewZealanddollars.ReadmoreNote(s):NewZealand;2013to2024;yearsendedMay31Source(s):DairyNZAverageareaofdairyfarmsinNewZealandfrom2013to2024(inhectares)DairyfarmsizeinNewZealand2013-202418016016215815715515515315114714714614414114012010080604020020132014201520162017201820192020202120222023202420/statistics/1102345/new-zealand-dairy-farm-sizeInthe2024dairyseason,theaveragedairyfarmsizewas162effectivehectaresinNewZealand.Theaveragefarmsizehasconsistentlyincreasedoverthepastdecade,correlatingwithanincreaseintheaverageherdsizeduringthesameperiod.

ReadmoreNote(s):NewZealand;2013to2024;yearsendedMay31Source(s):DairyNZCHAPTER

04DairyproductionTotaldairyproductproductioninNewZealandfrom2022to2024,withaforecastfor2025,bytype(in1,000metrictons)DairyproductproductionNewZealand2022-2025,bytype2022202321247140040020242110013753752025*213201410375FluidmilkWMP210511400375CheeseSMP390390410425Butter50051052550022Description:In2024,itwasestimatedthataround21.1millionmetrictonsoffluidmilkwereproducedinNewZealand.Inthesamemarketyear,around375thousandmetrictonsofcheesewereproduced.

ReadmoreNote(s):NewZealand;2022to2024;marketyearbeginsJanuary;*ForecastReadmoreSource(s):USDAForeignAgriculturalServiceVolumeofmilkproductioninNewZealandfrom2013to2024(in1,000metrictons)ProductionvolumeofmilkinNewZealand2013-202425,00021,84321,94721,78621,87121,88621,53921,46121,17621,05121,24520,14820,00015,00010,0005,000018,883201320142015201620172018201920202021202220232024*23Description:NewZealandisoneoftheworld’slargestmilkproducersintheworld,withthereputationofproducingandsupplyingqualitydairyproducts.AsofNovember2024,approximately18.8millionmetrictonsofmilkhadbeenproducedinNewZealand.ꢀDairynationAswellasmilk,variousotherdairyproductsareproducedinvastquantitiesinthecountry,suchasmilkpowders,butter,cream,cheese,andinfantformula.Infact,NewZealandisoneofthemajorcheese-producing[...]

ReadmoreNote(s):NewZealand;2013to2024;*asofNovember2024Source(s):DCANZVolumeofmilksolidsproductioninNewZealandfrom2013to2024(inmillionkilogramsofmilksolids)MilksolidsproductionvolumeinNewZealand2013-20242,5002,0001,5001,0005000201320142015201620172018201920202021202220232024*24Description:AsofNovember2024,approximately1.7millionkilogramsofmilksolidswereproducedinNewZealand.Inthepreviousyear,approximately1.88billionkilogramsofmilksolidswereproducedintheentireyear.

ReadmoreNote(s):NewZealand;2013to2024;*asofNovember2024Source(s):DCANZButterproductionvolumeinNewZealandfrom2015to2024(in1,000metrictons)ButterproductionvolumeinNewZealand2015-20247005946005004003002001000570550525525510500500500470201520162017201820192020202120222023202425Description:In2024,around500thousandmetrictonsofbutterhadbeenproducedinNewZealand.NewZealand'smainexportsincludedairyproducts,withbutterbeingamajorexportcommodity.ReadmoreNote(s):NewZealand;2015to2024Source(s):USDepartmentofAgricultureCheeseproductionvolumeinNewZealandfrom2015to2024(in1,000metrictons)CheeseproductionvolumeinNewZealand2015-2024450400386400350300250200150100503803753753703653603553500201520162017201820192020202120222023202426Description:In2024,around375thousandmetrictonsofcheesehadbeenproducedinNewZealand.NewZealand'smainexportsincludedairyproducts,withcheesebeingamajorexportcommodity.

ReadmoreNote(s):NewZealand;2015to2024Source(s):USDepartmentofAgricultureCHAPTER

05Companyspotlight:FonterraFarmgatemilkpriceofFonterraCo-operativeGroupLimitedfromfinancialyear2011to2024(inNewZealanddollarsperkilogramofmilksolids)FonterraFarmgatemilkpriceFY2011-2024109.398765432108.48.227.837.67.547.146.696.356.086.125.844.43.92011201220132014201520162017201820192020202120222023202428Description:Infinancialyear2024,theFarmgatemilkpriceformilksuppliedtoFonterrawas7.83NewZealanddollarsperkilogramofmilksolid.Thiswasadecreasefromthepreviousyear,inwhichtheFarmgatemilkpricewas8.22NewZealanddollarsperkilogramofmilksolid.ReadmoreNote(s):NewZealand;financialyear2011to2024;yearsendedJuly31Source(s):FonterraSalesrevenueofFonterraCo-operativeGroupLimitedfromfinancialyear2015to2024(inmillionNewZealanddollars)FonterraCo-operativeGroupLimitedsalesrevenueFY2015-202430,00025,00024,58022,82221,90120,43820,28220,56519,23219,25520,00015,00010,0005,000018,84517,199201520162017201820192020202120222023202429/statistics/1101756/new-zealand-fonterra-sales-revenueInthefinancialyear2024,thesalesrevenueofFonterraamountedtoapproximately22.8billionNewZealanddollars.Thismarkedadecreasefromthepreviousyear,inwhichasalesrevenueofaround24.6billionNewZealanddollarswasrecorded.

ReadmoreNote(s):NewZealand;FY2015toFY2024;yearsendedJuly31Source(s):FonterraNetprofitaftertax(NPAT)ofFonterraCo-operativeGroupLimitedfromfinancialyear2015to2024(inmillionNewZealanddollars)FonterraCo-operativeGroupLimitedNPATFY2015-20242,0001,5001,0001,5771,1288347456595995835065000-196-500-1,000-610201520162017201820192020202120222023202430Description:Infiscalyear2024,Fonterraannouncedanetprofitaftertaxofaround1.13billionNewZealanddollars.Withasalesrevenueof22.8billionNewZealanddollarsinthesameyear,FonterraisoneofthelargestcompaniesinNewZealand.FonterraCo-operativeGroupLimitedFonterraisNewZealand’slargestdairycooperativeandboastssomeimpressivefigures.Itisownedbyover11,000Kiwifarmersandisresponsibleforaround25percentofNewZealand’sexports.InNewZealand,brands[...]

ReadmoreNote(s):NewZealand;FY2015toFY2024;yearsendedJuly31Source(s):FonterraEBITfromcontinuingoperationsofFonterraCo-operativeGroupLimitedinfinancialyear2024,bybusinesssegment(inmillionNewZealanddollars)Fonterra'sEBITfromcontinuingoperationsFY2024,bysegmentBusiness

segmentIngredientsCore

OperationsGlobal

MarketsGreater

ChinaTotal898463199165-22-28573122247160363-20FoodserviceConsumer31Description:Inthefinancialyear2024,Fonterra'slargestbusinesssegmentwasIngredients,withareportedEBITfromcontinuingoperationsofalmost900millionNewZealanddollars.ThedairyCo-oprecentlyannouncedplanstodivestpartofitsglobalConsumerbusiness,tofocusontheircoreIngredientsandFoodservicesbusiness.ReadmoreNote(s):NewZealand;FY2024;yearendedJuly31Source(s):FonterraEarningspershareofFonterraCo-operativeGroupLimitedfromfinancialyear2020to2024(inNewZealandcents)FonterraCo-operativeGroupLimitedearningspershareFY2020-20248070757060485040302010036312020202120222023202432Description:Inthefinancialyear2024,theearningspershareofFonterraamountedtoapproximately70NewZealandcents.Thismarkedadecreasefromthepreviousyear,inwhichtheearningspersharewas75NewZealandcents.

ReadmoreNote(s):NewZealand;FY2020toFY2024;yearsendedJuly31Source(s):FonterraDividendpaidpersharebyFonterraCo-operativeGroupLimitedfromfinancialyear2020to2024(inNewZealandcents)FonterraCo-operativeGroupLimiteddividendpershareFY2020-202460504030555020202010052020202120222023202433Description:Inthefinancialyear2024,Fonterrapaidadividendof55NewZealandcentspershare.Thismarkedanincreasefromthepreviousyear,inwhichthedividendpaidwas55NewZealandcentspershare.

ReadmoreNote(s):NewZealand;FY2020toFY2024;yearsendedJuly31Source(s):FonterraCHAPTER

06ConsumptionDomesticconsumptionofmilkinNewZealandfrom2016to2024(in1,000metrictons)DomesticconsumptionofmilkinNewZealand2016-2024600535535535530525520515497497500400300200100020162017201820192020202120222023202435/statistics/1099604/new-zealand-milk-consumptionAtaround535thousandmetrictonsin2024,theconsumptionvolumeofmilkhasremainedstableacrossNewZealandoverthepastthreeyears.NewZealandhasoneofthehighestpercapitaconsumptionratesoffreshwhitemilkintheworld.

ReadmoreNote(s):NewZealand;2016to2024Source(s):USDepartmentofAgriculturePercapitaconsumptionofmilkinNewZealandfrom2017to2023(inkilograms)PercapitaconsumptionofmilkinNewZealand2017-2023120106.43104.72104.86103.73103.31103.18102.33100806040200201720182019202020212022202336Description:TheNewZealandpercapitaconsumptionofmilkslowlydeclinedbetween2018and2023,withNewZealandersconsumingaround102.33kilogramsperpersonin2023.Despitethedecrease,NewZealandstillhadoneofthehighest