Australia and Oceania: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Australia and Oceania

The chocolate and confectionery market in Australia and Oceania totaled $X in 2022, increasing by 2.2% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 9%. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Chocolate And Confectionery Production in Australia and Oceania

In value terms, chocolate and confectionery production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Chocolate And Confectionery Exports

Exports in Australia and Oceania

In 2022, shipments abroad of chocolate and confectionery decreased by -3.9% to X tons for the first time since 2018, thus ending a three-year rising trend. 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 pace of growth was the most pronounced in 2013 when exports increased by 16% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell modestly in the following year.

In value terms, chocolate and confectionery exports surged to $X in 2022. The total export value increased at an average annual rate of +4.0% 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

In 2022, Australia (X tons) was the major exporter of chocolate and confectionery, achieving 73% of total exports. It was distantly followed by New Zealand (X tons), committing a 26% share of total exports.

Australia was also the fastest-growing in terms of the chocolate and confectionery exports, with a CAGR of +4.3% from 2012 to 2022. At the same time, New Zealand (+2.0%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by +4.1 percentage points.

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2022.

New Zealand, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 25% against the previous year. In general, the export price continues to indicate 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.

Prices varied noticeably by country of origin: 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 And Confectionery Imports

Imports in Australia and Oceania

Chocolate and confectionery imports was estimated at X tons in 2022, standing approx. at the year before. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 13%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, chocolate and confectionery imports totaled $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 11% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the key importer of chocolate and confectionery in Australia and Oceania, with the volume of imports accounting for X tons, which was near 76% of total imports in 2022. It was distantly followed by New Zealand (X tons), creating a 19% share of total imports.

Australia was also the fastest-growing in terms of the chocolate and confectionery imports, with a CAGR of +1.7% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. While the share of Australia (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-4.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported chocolate and confectionery in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with a 21% share of total imports.

In Australia, chocolate and confectionery imports expanded at an average annual rate of +2.3% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, flattening at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 14%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, 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 (+1.6%).

Source: IndexBox Platform

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