Australia and Oceania: Crispbread Market 2024

Crispbread Market Size in Australia and Oceania

After two years of decline, the crispbread market in Australia and Oceania increased by 8.6% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Crispbread Production in Australia and Oceania

In value terms, crispbread production amounted to $X in 2021 estimated in export price. Over the period under review, production enjoyed slight growth. The growth pace was the most rapid in 2018 when the production volume increased by 105% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Crispbread Exports

Exports in Australia and Oceania

In 2021, exports of crispbread in Australia and Oceania shrank to X tons, which is down by -9.4% on 2020 figures. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 45%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, crispbread exports reduced to $X in 2021. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Australia represented the main exporting country with an export of about X tons, which resulted at 74% of total exports. It was distantly followed by New Zealand (X tons), committing a 26% share of total exports.

Exports from Australia decreased at an average annual rate of -8.0% from 2012 to 2021. At the same time, New Zealand (+63.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +63.7% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +25 percentage points.

In value terms, Australia ($X) remains the largest crispbread supplier in Australia and Oceania, comprising 69% of total exports. The second position in the ranking was held by New Zealand ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -8.5%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 2.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-0.5%).

Crispbread Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of crispbread increased by 28% to X tons, rising for the third consecutive year after four years of decline. In general, imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, crispbread imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 29%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) represented the largest importer of crispbread, achieving 48% of total imports. New Zealand (X tons) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Tonga (9.9%) and Solomon Islands (9.7%). Papua New Guinea (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to crispbread imports into Australia stood at -4.5%. At the same time, Solomon Islands (+41.7%) and Tonga (+21.4%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +41.7% from 2012-2021. By contrast, Papua New Guinea (-1.1%) and New Zealand (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Solomon Islands and Tonga increased by +9.3 and +8.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported crispbread in Australia and Oceania, comprising 58% of total imports. The second position in the ranking was held by New Zealand ($X), with a 28% share of total imports. It was followed by Solomon Islands, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +3.2%. In the other countries, the average annual rates were as follows: New Zealand (-2.3% per year) and Solomon Islands (+26.3% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, declining by -2.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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