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Australia - Inulin - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Australia - Inulin - Market Analysis, Forecast, Size, Trends And Insights

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Feb 2, 2023

Inulin Price in Australia Declines 6%, Averaging $2,867 per Ton After Four Consecutive Months of Contraction

Australia Inulin Import Price in November 2022

In November 2022, the inulin price stood at $2,867 per ton (CIF, Australia), waning by -6% against the previous month. In general, the import price saw a slight curtailment. The growth pace was the most rapid in April 2022 when the average import price increased by 31% against the previous month. As a result, import price attained the peak level of $3,835 per ton. From May 2022 to November 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2022, the country with the highest price was the Netherlands ($2,873 per ton), while the price for India totaled $2,285 per ton.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Australia Inulin Imports

In November 2022, inulin imports into Australia contracted slightly to 89 tons, almost unchanged from October 2022. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in September 2022 with an increase of 424% m-o-m. Over the period under review, imports attained the maximum at 219 tons in March 2022; however, from April 2022 to November 2022, imports stood at a somewhat lower figure.

In value terms, inulin imports declined to $255K (IndexBox estimates) in November 2022. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in September 2022 when imports increased by 379% month-to-month. As a result, imports reached the peak of $657K. From October 2022 to November 2022, the growth of imports failed to regain momentum.

Australia Inulin Imports by Country

In November 2022, the Netherlands (87 tons) was the main inulin supplier to Australia, with a 97% share of total imports. It was followed by India (2.4 tons), with a 2.7% share of total imports.

From January 2022 to November 2022, the average monthly rate of growth in terms of volume from the Netherlands stood at -2.8%.

In value terms, the Netherlands ($249K) constituted the largest supplier of inulin to Australia, comprising 98% of total imports. The second position in the ranking was taken by India ($5.5K), with a 2.2% share of total imports.

From January 2022 to November 2022, the average monthly growth rate of value from the Netherlands stood at -2.7%.

Factors Affecting Inulin Prices

Inulin is a natural carbohydrate that is found in a variety of plants, including chicory root, Jerusalem artichokes, and garlic. It is used as a dietary supplement and has a variety of health benefits.

In Australia, the average price of inulin has been steadily increasing over the past few years. This is due to a number of factors, including the rising cost of raw materials, increased demand from overseas markets and the relatively strong Australian dollar. Factors that can also affect the price include the type of plant the inulin is sourced from, the extraction method used, and the purity of the product.

Despite these increases, inulin remains a relatively affordable dietary supplement, especially when compared to other similar products on the market. This is likely to continue to be the case in the future, as Australia is one of the world's leading producers of this natural compound.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the inulin market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10621130 - Inulin

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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