Australia and Oceania: Cereal Market 2024

Cereal Market Size in Australia and Oceania

The cereal market in Australia and Oceania contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Cereal Production in Australia and Oceania

In value terms, cereal production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Australia (X tons) remains the largest cereal producing country in Australia and Oceania, comprising approx. X% of total volume. It was followed by New Zealand (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia amounted to X%.

In 2022, the average yield of cereals in Australia and Oceania expanded sharply to X tons per ha, growing by X% on the year before. The yield indicated a pronounced increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal yield increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the yield increased by X% against the previous year. Over the period under review, the cereal yield attained the peak level in 2022 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cereal harvested area in Australia and Oceania fell to X ha, which is down by X% against 2021. Overall, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then shrank in the following year.

Cereal Exports

Exports in Australia and Oceania

In 2022, shipments abroad of cereals increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded pronounced growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cereal exports soared to $X in 2022. Overall, exports saw perceptible growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Australia (X tons), together accounting for X% of total export.

Australia was also the fastest-growing in terms of the cereals exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Cereal Imports

Imports in Australia and Oceania

In 2022, purchases abroad of cereals was finally on the rise to reach X tons after two years of decline. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, cereal imports surged to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) was the key importer of cereals, making up X% of total imports. Papua New Guinea (X tons) ranks second in terms of the total imports with a X% share, followed by Fiji (X%). New Caledonia (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the cereals imports, with a CAGR of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) displayed positive paces of growth. New Caledonia experienced a relatively flat trend pattern. By contrast, Fiji (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Fiji saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported cereals in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Fiji ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In New Zealand, cereal imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Fiji (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Fiji ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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