Australia and Oceania: Chocolate Market 2024

Chocolate Market Size in Australia and Oceania

The chocolate market in Australia and Oceania was estimated at $X in 2022, leveling off at the previous year. In general, consumption, however, showed a mild downturn. The growth pace was the most rapid in 2019 with an increase of 8.7%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chocolate Production in Australia and Oceania

In value terms, chocolate production stood at $X in 2022 estimated in export price. In general, production, however, showed a mild downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Chocolate Exports

Exports in Australia and Oceania

In 2022, after three years of growth, there was decline in overseas shipments of chocolate and cocoa products, when their volume decreased by -4.7% to X tons. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, chocolate exports surged to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia was the major exporter of chocolate and cocoa products in Australia and Oceania, with the volume of exports amounting to X tons, which was approx. 74% of total exports in 2022. It was distantly followed by New Zealand (X tons), constituting a 26% share of total exports.

Australia was also the fastest-growing in terms of the chocolate and cocoa products exports, with a CAGR of +4.4% from 2012 to 2022. At the same time, New Zealand (+2.0%) displayed positive paces of growth. While the share of Australia (+4.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-4.6 p.p.) displayed negative dynamics.

In value terms, the largest chocolate supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

In terms of the main exporting countries, New Zealand, with a CAGR of +5.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of 26% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.3%).

Chocolate Imports

Imports in Australia and Oceania

In 2022, chocolate imports in Australia and Oceania shrank to X tons, waning by -3.7% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 13%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, chocolate imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 13%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia was the major importing country with an import of around X tons, which finished at 66% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 26% share of total imports. The following importers - New Caledonia (X tons) and Fiji (X tons) - each resulted at a 4% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of chocolate and cocoa products. At the same time, Fiji (+12.3%) and New Caledonia (+6.2%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.3% from 2012-2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Zealand decreased by -2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported chocolate and cocoa products in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 27% share of total imports. It was followed by New Caledonia, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +1.7%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+1.5% per year) and New Caledonia (+5.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 when the import price increased by 10% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Australia ($X per ton) and New Zealand ($X per ton), while Fiji ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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