Australia and Oceania: Fructose Market 2024

Fructose Market Size in Australia and Oceania

In 2021, the fructose market in Australia and Oceania decreased by -0.8% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fructose Production in Australia and Oceania

In value terms, fructose production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of 52%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Fructose Exports

Exports in Australia and Oceania

In 2021, overseas shipments of fructose and fructose syrup increased by 47% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 240%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, fructose exports surged to $X in 2021. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 112% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was near 95% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting a 4.6% share of total exports.

Australia was also the fastest-growing in terms of the fructose and fructose syrup exports, with a CAGR of +34.8% from 2012 to 2021. At the same time, New Zealand (+9.0%) displayed positive paces of growth. From 2012 to 2021, the share of Australia increased by +20 percentage points.

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

In Australia, fructose exports expanded at an average annual rate of +23.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, waning by -21.5% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.6%).

Fructose Imports

Imports in Australia and Oceania

Fructose imports shrank modestly to X tons in 2021, waning by -3.3% against the previous year's figure. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 25%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fructose imports reduced to $X in 2021. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then reduced in the following year.

Imports by Country

Australia was the largest importing country with an import of around X tons, which recorded 66% of total imports. New Zealand (X tons) ranks second in terms of the total imports with a 25% share, followed by Papua New Guinea (7.2%).

From 2012 to 2021, average annual rates of growth with regard to fructose imports into Australia stood at +5.9%. At the same time, New Zealand (+10.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.4% from 2012-2021. By contrast, Papua New Guinea (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand and Australia increased by +8.2 and +2 percentage points, respectively.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 98% of total imports.

New Zealand, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, reducing by -6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2020 when the import price increased by 14%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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