Australia and Oceania: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Australia and Oceania

In 2022, the market for crispbread, rusks and toasted bread in Australia and Oceania decreased by -1.2% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Crispbread, Rusks and Toasted Bread in Australia and Oceania

In value terms, crispbread, rusk and toasted bread production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports in Australia and Oceania

In 2022, shipments abroad of crispbread, rusks and toasted bread was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 115%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread exports declined slightly to $X in 2022. Over the period under review, exports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 94% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand was the major exporting country with an export of about X tons, which accounted for 60% of total exports. It was distantly followed by Australia (X tons), making up a 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by New Zealand (with a CAGR of +28.3%).

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

New Zealand, with a CAGR of +33.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, declining by -11.6% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.9%).

Imports of Crispbread, Rusks and Toasted Bread

Imports in Australia and Oceania

In 2022, purchases abroad of crispbread, rusks and toasted bread decreased by -15.8% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, crispbread, rusk and toasted bread imports reduced remarkably to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 24%. The level of import peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, Australia (X tons) was the main importer of crispbread, rusks and toasted bread, mixing up 65% of total imports. It was distantly followed by New Zealand (X tons) and New Caledonia (X tons), together creating a 24% share of total imports. Solomon Islands (X tons) and French Polynesia (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -3.5% from 2012 to 2022. At the same time, Solomon Islands (+29.3%), New Caledonia (+11.2%) and French Polynesia (+4.5%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +29.3% from 2012-2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Caledonia, Solomon Islands and New Zealand increased by +5.2, +3.5 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported crispbread, rusks and toasted bread in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports. It was followed by New Caledonia, with a 6.3% share.

In Australia, crispbread, rusk and toasted bread imports increased at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-1.2% per year) and New Caledonia (+10.5% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, standing approx. at the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crispbread, rusk and toasted bread import price increased by +3.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by 43%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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