Australia and Oceania: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Australia and Oceania

The market for chocolate bars with cereals, fruit or nuts in Australia and Oceania contracted to $X in 2022, shrinking by -10.2% against the previous year. Overall, consumption showed a mild shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Australia and Oceania

In value terms, production of chocolate bars with cereals, fruit or nuts dropped to $X in 2022 estimated in export price. In general, production continues to indicate a slight reduction. The pace of growth was the most pronounced in 2019 with an increase of 35%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in Australia and Oceania

After two years of decline, shipments abroad of chocolate bars with cereals, fruit or nuts increased by 18% to X tons in 2022. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 97%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of chocolate bars with cereals, fruit or nuts soared to $X in 2022. In general, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the two major exporters of chocolate bars with cereals, fruit or nuts, namely Australia and New Zealand, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of +11.6%).

In value terms, New Zealand ($X) remains the largest cereal, fruit or nut chocolate bar supplier in Australia and Oceania, comprising 73% of total exports. The second position in the ranking was taken by Australia ($X), with a 27% share of total exports.

In New Zealand, exports of chocolate bars with cereals, fruit or nuts increased at an average annual rate of +19.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of 53% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.0%).

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Australia and Oceania

In 2022, purchases abroad of chocolate bars with cereals, fruit or nuts was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 16%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts shrank to $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 15% against the previous year. The level of import peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of chocolate bars with cereals, fruit or nuts, creating 70% of total imports. It was distantly followed by New Zealand (X tons), comprising a 26% share of total imports. French Polynesia (X tons) held a little share of total imports.

Australia was also the fastest-growing in terms of the chocolate bars with cereals, fruit or nuts imports, with a CAGR of +5.6% from 2012 to 2022. French Polynesia and New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Australia increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported chocolate bars with cereals, fruit or nuts in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +6.4%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+1.9% per year) and French Polynesia (-2.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, falling by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 an increase of 18%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while French Polynesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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