T3 · Product exporter position

New Zealand exports of Dairy produce: derived from milk, butter (HS 040510)

See where New Zealand stands in dairy produce: derived from milk, butter: export scale, destination breadth, market position, growth, and reported trade history.

Exporter NZLHS6 040510Latest year 2024Rapid growth

Latest exports

$1.7BLatest observed lane total

Destination markets

87Reported active markets

Three-year growth

+14.7%Annualized change

Destination HHI

1,411Destination concentration

Weighted share

59%Reported market position

Exporter evidence

How strong is New Zealand in Dairy produce: derived from milk, butter?

Reported exporter totals and calculated indicators for HS 040510. Values retain their observed coverage period.

Exporter scale

Latest exports$1.7B
Current 2024 exports$1.7B
Three-year average$1.6B
Historical peak$2.9B

Market position

Active destinations87
Destination HHI1,411
Weighted share59%
Share change-1.7 pp

Competitiveness

Three-year growth+14.7%
Volatility1.1
Maximum drawdown71.4%
TrendRapid growth
MeasureValueWhat it describes
ExporterNew ZealandCountry represented by this profile
Latest observed exports$1.7BSum of latest observed destination-lane values
Current 2024 exports$1.7BCommon-year comparison where reported
Three-year growth+14.7%Annualized change in exporter totals
Five-year growth+6.8%Annualized change in exporter totals
Leading destinationCHNDestination with the largest observed export value
Leading destination share33.3%Share of observed exporter totals
Destination concentration1,411HHI across destination markets
Weighted share change-1.7 ppValue-weighted latest change in market share
Limited-history lanes23.8%Share of lanes with shorter history

Destination markets

Where does New Zealand sell dairy produce: derived from milk, butter?

Leading destination observations ranked by reported export value, with market position and access context.

DestinationLatest exportsMarket shareGrowthAccessSignal
China$568.6M80%+17.6%FTA reportedAccelerating
Australia$166.3M86.1%+12.9%FTA reportedGrowing
Saudi Arabia$130.1M48.9%+24.2%0.1% tariffAccelerating
USA, Puerto Rico and US Virgin Islands$123.2M16.8%+57.8%0% tariffAccelerating
Indonesia$80.6M61.5%+22.1%FTA reportedAccelerating
Japan$66.3M60.5%+24.2%0% tariffAccelerating
Taiwan$62.7M53%+9.7%FTA reportedGrowing
Republic of Korea$52.0M31%+19.7%FTA reportedGrowing
Malaysia$47.1M59.1%+12.9%FTA reportedGrowing
Canada$41.3M22%+21.6%FTA reportedGrowing
China, Hong Kong Special Administrative Region$35.2M54.5%+14.6%FTA reportedGrowing
Singapore$32.3M36.1%+1.7%FTA reportedGrowing
Philippines$30.1M67.5%+13.7%FTA reportedAccelerating
Viet Nam$23.7M77.4%+23%FTA reportedAccelerating
Egypt$23.7M33.4%-21.7%0.3% tariffGrowing

Destination

China

Latest exports
$568.6M
Market share
80%
Growth
+17.6%
Access
FTA reported
Signal
Accelerating

Destination

Australia

Latest exports
$166.3M
Market share
86.1%
Growth
+12.9%
Access
FTA reported
Signal
Growing

Destination

Saudi Arabia

Latest exports
$130.1M
Market share
48.9%
Growth
+24.2%
Access
0.1% tariff
Signal
Accelerating

Destination

USA, Puerto Rico and US Virgin Islands

Latest exports
$123.2M
Market share
16.8%
Growth
+57.8%
Access
0% tariff
Signal
Accelerating

Destination

Indonesia

Latest exports
$80.6M
Market share
61.5%
Growth
+22.1%
Access
FTA reported
Signal
Accelerating

Destination

Japan

Latest exports
$66.3M
Market share
60.5%
Growth
+24.2%
Access
0% tariff
Signal
Accelerating

Destination

Taiwan

Latest exports
$62.7M
Market share
53%
Growth
+9.7%
Access
FTA reported
Signal
Growing

Destination

Republic of Korea

Latest exports
$52.0M
Market share
31%
Growth
+19.7%
Access
FTA reported
Signal
Growing

Destination

Malaysia

Latest exports
$47.1M
Market share
59.1%
Growth
+12.9%
Access
FTA reported
Signal
Growing

Destination

Canada

Latest exports
$41.3M
Market share
22%
Growth
+21.6%
Access
FTA reported
Signal
Growing

Destination

China, Hong Kong Special Administrative Region

Latest exports
$35.2M
Market share
54.5%
Growth
+14.6%
Access
FTA reported
Signal
Growing

Destination

Singapore

Latest exports
$32.3M
Market share
36.1%
Growth
+1.7%
Access
FTA reported
Signal
Growing

Destination

Philippines

Latest exports
$30.1M
Market share
67.5%
Growth
+13.7%
Access
FTA reported
Signal
Accelerating

Destination

Viet Nam

Latest exports
$23.7M
Market share
77.4%
Growth
+23%
Access
FTA reported
Signal
Accelerating

Destination

Egypt

Latest exports
$23.7M
Market share
33.4%
Growth
-21.7%
Access
0.3% tariff
Signal
Growing

Price intelligence

How does New Zealand's price position vary?

Price comparisons are shown where market-level unit-value observations are available. They describe reported trade values and quantities, not quoted selling prices.

Highest reported price

Switzerland, Liechtenstein: $196.5K / ton.

Lowest reported price

United Rep. of Tanzania: $207.2 / ton.

Median price

$6.0K / ton across reported markets.

Export trend

Reported export history

Annual observations for New Zealand and HS 040510 where available.

YearExportsYear-on-year changeActive destinations
2010$822.3M+54.8%104
2011$1.0B+27.2%98
2012$916.0M-12.4%110
2013$938.3M+2.4%99
2014$1.2B+25.2%109
2015$861.0M-26.7%99
2016$923.0M+7.2%106
2017$1.3B+36.1%101
2018$1.4B+13.5%97
2019$1.2B-14.4%103
2020$1.0B-17.9%91
2021$1.1B+12.1%91
2022$1.6B+40%98
2023$1.5B-1.6%94
2024$1.7B+9.5%87

Exporter context

New Zealand economy and trade network

The exporter profile adds country-level trade and structural context to the selected product position. These indicators describe the country overall and are not limited to HS 040510.

New Zealand has reported exports of $43.2B and a trade balance of -$858.9M in 2024.

Available structural indicators include 36.8% trade openness, 23.4% investment, and 270 active trade partners.

Reported values

Export totals and destination values describe reported merchandise trade for the stated exporter, HS6 classification, and available year.

Calculated indicators

Growth, concentration, weighted share, volatility, drawdown, and price comparisons are calculated from reported observations.

Coverage

Missing values remain “Not reported”. Country-level indicators are presented separately from product-level observations.

Frequently asked questions

Questions about New Zealand dairy produce: derived from milk, butter exports

Quick answers based on the figures and coverage shown on this page.

How strong is this exporter?

Use latest exports, destination breadth, growth, concentration, and weighted share together rather than relying on one measure.

Which markets are most important?

The destination table ranks reported markets by the latest observed export value.

Does the price section show quotes?

No. It summarizes reported trade value and quantity observations converted to unit values.

What should be checked next?

Compare this exporter with buyer markets, corridors, and the product overview before making a commercial decision.