Browse this section
  • Export revenue for the Dairy industry fell for the year ending June 2024 due to low dairy prices caused by slow demand growth and increased milk production in China.  However, as global demand strengthens alongside tight supply, it is expected that export revenue will have a modest increase over the next three years.
  • China remains the largest market for Dairy, accounting for over a third of all exports. Whole milk powder contributes nearly a third of total export revenue.
  • The contribution to GDP from Dairy Cattle Farming fluctuates and has significantly declined since peaking in 2022 to comprise around one fifth of GDP across Muka Tangata industries in 2024.  GDP for Dairy is forecast to gradually increase over the next five years.  

 Industry dataset (economic indicators and labour market dynamics)  

Source: Stats NZ1 and IBISWorld - Industry Market Research, Reports, & Statistics2

Footnotes

2. IBISWorld, “Dairy Cattle Farming in New Zealand,” Industry Report (New Zealand: IBISWorld (access is by subscription only), October 2023), https://www.ibisworld.com/

Other analysis

Labour Market Dynamics

Dairy Farming

Read more about $.Title

Number of Māori businesses

Industry Data

Read more about $.Title