Australia and Oceania: Egg Product Market 2024

Egg Product Market Size in Australia and Oceania

The egg product market in Australia and Oceania reduced modestly to $X in 2021, stabilizing at the previous year. Overall, consumption, however, saw a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Egg Product Production in Australia and Oceania

In value terms, egg product production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Egg Product Exports

Exports in Australia and Oceania

In 2021, the amount of egg products exported in Australia and Oceania fell to X tons, shrinking by -6.8% against 2020. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 114% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, egg product exports totaled $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 75%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Australia represented the largest exporter of egg products in Australia and Oceania, with the volume of exports resulting at X tons, which was near 79% of total exports in 2021. It was distantly followed by New Zealand (X tons), making up a 21% share of total exports.

Australia was also the fastest-growing in terms of the egg products exports, with a CAGR of +4.3% from 2012 to 2021. New Zealand (-9.2%) illustrated a downward trend over the same period. Australia (+27 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -26.7% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest egg product supplier in Australia and Oceania, comprising 80% of total exports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total exports.

In Australia, egg product exports increased at an average annual rate of +5.4% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, growing by 8.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 21% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.1%).

Egg Product Imports

Imports in Australia and Oceania

In 2021, imports of egg products in Australia and Oceania totaled X tons, with an increase of 1.7% against the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, egg product imports totaled $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.7% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 41%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) represented the key importer of egg products, mixing up 55% of total imports. It was distantly followed by New Zealand (X tons), making up a 33% share of total imports. Papua New Guinea (X tons), Guam (X tons), Tonga (X tons) and New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tonga (with a CAGR of +26.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest egg product importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), together comprising 96% of total imports. Guam, New Caledonia and Tonga lagged somewhat behind, together comprising a further 3.3%.

Tonga, with a CAGR of +23.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the import price increased by 31%. The level of import peaked at $X per ton in 2020, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Tonga ($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 (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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