Australia and Oceania: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Australia and Oceania

In 2021, the prepared dish and meal market in Australia and Oceania increased by 15% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Dishes And Meals in Australia and Oceania

In value terms, prepared dish and meal production declined modestly to $X in 2021 estimated in export price. Over the period under review, production saw a measured expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Dishes And Meals

Exports in Australia and Oceania

In 2021, shipments abroad of prepared dishes and meals decreased by -7.3% to X tons, falling for the fourth consecutive year after six years of growth. Total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -35.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 22%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared dish and meal exports reduced modestly to $X in 2021. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 50%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) was the main exporter of prepared dishes and meals, committing 63% of total exports. It was distantly followed by New Zealand (X tons), making up a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of +3.6%).

In value terms, New Zealand ($X) and Australia ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Australia, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 4.2% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price 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, prepared dish and meal export price increased by +4.1% against 2017 indices. The growth pace was the most rapid in 2015 when the export price increased by 27% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+9.3%).

Imports of Prepared Dishes And Meals

Imports in Australia and Oceania

In 2021, supplies from abroad of prepared dishes and meals decreased by -10.1% to X tons, falling for the second year in a row after two years of growth. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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 -10.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 34%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, prepared dish and meal imports soared to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Australia was the key importing country with an import of about X tons, which accounted for 74% of total imports. New Zealand (X tons) held the second position in the ranking, distantly followed by New Caledonia (X tons). All these countries together took approx. 18% share of total imports. Papua New Guinea (X tons) took a minor share of total imports.

Australia was also the fastest-growing in terms of the prepared dishes and meals imports, with a CAGR of +6.8% from 2012 to 2021. At the same time, New Caledonia (+6.8%), Papua New Guinea (+3.0%) and New Zealand (+1.8%) displayed positive paces of growth. While the share of Australia (+6.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported prepared dishes and meals in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports. It was followed by Papua New Guinea, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +3.3%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+4.5% per year) and Papua New Guinea (+15.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, increasing by 29% against the previous year. In general, the import price, however, recorded a mild contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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