Australia and Oceania: Canned Food Market 2024

Canned Food Market Size in Australia and Oceania

In 2021, the canned food market in Australia and Oceania decreased by -10.2% to $X, falling for the second consecutive year after five years of growth. In general, consumption, however, continues to indicate resilient growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Canned Food Production in Australia and Oceania

In value terms, canned food production stood at $X in 2021 estimated in export price. Over the period under review, production showed a prominent increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 61%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Canned Food Exports

Exports in Australia and Oceania

In 2021, approx. X tons of canned food were exported in Australia and Oceania; increasing by 30% against the previous year's figure. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, canned food exports soared to $X in 2021. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 51%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

New Zealand represented the largest exporting country with an export of around X tons, which amounted to 79% of total exports. It was distantly followed by Australia (X tons), generating a 21% share of total exports.

New Zealand was also the fastest-growing in terms of the canned food exports, with a CAGR of +8.5% from 2012 to 2021. At the same time, Australia (+5.6%) displayed positive paces of growth. From 2012 to 2021, the share of New Zealand increased by +4.5 percentage points.

In value terms, New Zealand ($X) remains the largest canned food supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was taken by Australia ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in New Zealand stood at +17.6%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, picking up by 3.1% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 30%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.4%).

Canned Food Imports

Imports in Australia and Oceania

In 2021, after two years of growth, there was significant decline in purchases abroad of canned food, when their volume decreased by -9.7% to X tons. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, canned food imports reduced to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 11%. 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 main importing country with an import of around X tons, which recorded 75% of total imports. It was distantly followed by New Zealand (X tons), making up a 14% share of total imports. The following importers - Papua New Guinea (X tons), New Caledonia (X tons) and French Polynesia (X tons) - together made up 6.5% of total imports.

Imports into Australia decreased at an average annual rate of -1.5% from 2012 to 2021. At the same time, Papua New Guinea (+3.0%) and French Polynesia (+1.3%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.0% from 2012-2021. New Zealand experienced a relatively flat trend pattern. By contrast, New Caledonia (-1.0%) illustrated a downward trend over the same period. While the share of New Zealand (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported canned food in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports. It was followed by New Caledonia, with a 3.6% share.

In Australia, canned food imports expanded at an average annual rate of +2.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+3.2% per year) and New Caledonia (-0.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, remaining relatively unchanged against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, canned food import price increased by +47.3% against 2015 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably country of destination: the country with the highest price was New Caledonia ($X per ton), while Australia ($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 (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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