What is the price of lactose per kilogram/pound in Australia today?
The retail price range for Australia lactose is between US$ 1.96 and US$ 5.89 per kilogram or between US$ 0.89 and US$ 2.67 per pound(lb). Click here to see today's exact prices of lactose in Australia
The retail price range in Australian Dollar for lactose is between AUD 2.95 and AUD 8.86 per kilogram or between AUD 1.34 and AUD 4.02 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia lactose is between US$ 1.37 and US$ 4.12 per kilogram or between US$ 0.62 and US$ 1.87 per pound(lb).
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Australia Lactose Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lactose from Australia over the last five years has been relatively stable. In 2017, the price was 0.96 US$ per kg, followed by 0.78 US$ per kg in 2018. In 2019, the price increased to 1.05 US$ per kg, and in 2020 and 2021, the price was 1.08 US$ per kg and 1.65 US$ per kg respectively. The most recent data shows that the export price per kilogram of Lactose from Australia was 1.54 US$ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Lactose from Australia will be 1.48 US$ per kg in 2023 and 1.42 US$ per kg in 2024.The lactose exports from Australia are categorised as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
Australia Lactose Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lactose into Australia over the last five years has been relatively stable. In 2016, the price was 0.69 US dollars per kg, followed by 0.96 US dollars per kg in 2017. In 2018, the price dropped to 0.78 US dollars per kg, before increasing to 1.05 US dollars per kg in 2019. The price then rose to 1.08 US dollars per kg in 2020, before reaching its highest point of 1.65 US dollars per kg in 2021. The most recent data shows that the price has dropped to 1.54 US dollars per kg in 2022. Based on the current trend, it is likely that the import price per kilogram of Lactose into Australia will remain relatively stable in the next two years. We can predict that the price will be around 1.50 US dollars per kg in 2023 and 1.55 US dollars per kg in 2024.Export values for Australia lactose
The total values in export for lactose in Australia were US$ 4,097, US$ 3,981, US$ 4,781 and US$ 3,344 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of lactose in other countries across Oceania: Fiji lactose, French Polynesia lactose, Guam lactose, Micronesia lactose, New Caledonia lactose, Papua New Guinea lactose, Samoa lactose, Solomon Islands lactose, Tonga lactose & Vanuatu lactose.
Australia lactose - Production, Exports, Imports, Seasons and HS Codes
The amount of lactose sold by Australia in 2020 was 8,149 metric tonnes. In 2019 Australia exported 3,195 tonnes of lactose. For the year 2019 alone, the demand for Australia lactose (processed category) has decreased, recording a change of -47.956 percent compared to the year 2018. Between 2017 and 2019, lactose's exports reduced by -22.66 percent earning the exporter US$3.34m for the year 2019. Australia's lactose exports are classified as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
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Australia lactose export values
In 2019, Australia exported lactose with a value of 3.34m USD, a contraction of -30.14% from 2018's total lactose export of 4.781m USD. The yearly change in value of Australia lactose between 2017 to 2018 was 20.095 per cent.
The annual change in the amount of Australia's lactose exports between 2017 and 2019 was -22.66 pc in comparison to a variation of -47.956% in the period between 2018 and 2019.
Australia's portion of the world's total lactose's exports in 2019 was 1.4 percent. The country holds number 15 in world exports of lactose.
Export markets for Australia lactose ( in '000$ )
Australia's top destinations for lactose are China, New Zealand, Singapore, the Philippines and South Korea.
Import/Export Trends
Australia is a net importer of lactose. The annual growth of Australia lactose in value between 2015 to 2019 was -2%, per annum, while annual growth in quantity through the same period was 1%, per annum.
Australia bought 14,563 tonnes of lactose in 2019.