Australia and Oceania: Cereal Germ Market 2024

Cereal Germ Market Size in Australia and Oceania

In 2021, the cereal germ market in Australia and Oceania was finally on the rise to reach $X after two years of decline. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.5% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cereal Germ Production in Australia and Oceania

In value terms, cereal germ production rose remarkably to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.4% against 2018 indices. The growth pace was the most rapid in 2013 when the production volume increased by 36%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Cereal Germ Exports

Exports in Australia and Oceania

In 2021, cereal germ exports in Australia and Oceania surged to X tons, increasing by 19% against 2020 figures. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 826% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cereal germ exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 548% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of cereal germ, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the cereal germ exports, with a CAGR of -14.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest cereal germ supplier in Australia and Oceania.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -13.6%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, jumping by 24% against the previous year. Over the period under review, the export price showed a slight increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 288% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +1.5% per year.

Cereal Germ Imports

Imports in Australia and Oceania

In 2021, the amount of cereal germ imported in Australia and Oceania soared to X tons, picking up by 52% on 2020. Over the period under review, imports, however, continue to indicate a noticeable setback. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cereal germ imports surged to $X in 2021. Overall, imports, however, showed a perceptible contraction. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Australia represented the largest importing country with an import of about X tons, which finished at 39% of total imports. It was distantly followed by Fiji (X tons), Papua New Guinea (X tons), New Zealand (X tons), Samoa (X tons) and New Caledonia (X tons), together committing a 60% share of total imports.

Imports into Australia decreased at an average annual rate of -7.5% from 2012 to 2021. At the same time, Samoa (+65.4%), Papua New Guinea (+28.8%), Fiji (+26.7%) and New Caledonia (+5.9%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +65.4% from 2012-2021. By contrast, New Zealand (-10.2%) illustrated a downward trend over the same period. Fiji (+16 p.p.), Papua New Guinea (+13 p.p.), Samoa (+7.9 p.p.) and New Caledonia (+4 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Australia saw its share reduced by -12.2% and -21.8% from 2012 to 2021, respectively.

In value terms, the largest cereal germ importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), together comprising 75% of total imports. These countries were followed by New Caledonia, Fiji and Samoa, which together accounted for a further 22%.

In terms of the main importing countries, Samoa, with a CAGR of +47.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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