Australia and Oceania: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Australia and Oceania

The market for malt extract and food preparations of flour, meal, and starches in Australia and Oceania declined to $X in 2022, dropping by -5.2% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.1% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Australia and Oceania

In value terms, production of malt extract and food preparations of flour, meal, and starches stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 15% against the previous year. Over the period under review, production of attained the peak level in 2022 and is expected to retain growth in the near future.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in Australia and Oceania

In 2022, the amount of malt extract and food preparations of flour, meal, and starches exported in Australia and Oceania soared to X tons, jumping by 15% compared with the year before. Over the period under review, exports, however, recorded a noticeable decline. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches totaled $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 20%. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand was the largest exporting country with an export of around X tons, which resulted at 71% of total exports. It was distantly followed by Australia (X tons), constituting a 29% share of total exports.

New Zealand was also the fastest-growing in terms of the malt extract and food preparations of flour, meal, and starches exports, with a CAGR of +4.0% from 2012 to 2022. Australia (-9.6%) illustrated a downward trend over the same period. While the share of New Zealand (+33 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-33.3 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest malt extract and food preparations of flour, meal, and starch supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was taken by Australia ($X), with a 29% share of total exports.

In New Zealand, exports of malt extract and food preparations of flour, meal, and starches increased at an average annual rate of +6.2% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with a decrease of -4.8% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the export price increased by 22%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then dropped modestly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.1%).

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in Australia and Oceania

In 2022, overseas purchases of malt extract and food preparations of flour, meal, and starches decreased by -8.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 26% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches reduced to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.7% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Australia represented the main importing country with an import of about X tons, which recorded 63% of total imports. New Zealand (X tons) held the second position in the ranking, distantly followed by Papua New Guinea (X tons). All these countries together held near 27% share of total imports. The following importers - French Polynesia (X tons), Fiji (X tons) and New Caledonia (X tons) - together made up 6.7% of total imports.

Australia was also the fastest-growing in terms of the malt extract and food preparations of flour, meal, and starches imports, with a CAGR of +10.0% from 2012 to 2022. At the same time, French Polynesia (+7.8%), New Caledonia (+3.7%), Papua New Guinea (+3.2%) and Fiji (+2.8%) displayed positive paces of growth. By contrast, New Zealand (-6.1%) illustrated a downward trend over the same period. While the share of Australia (+30 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-32.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported malt extract and food preparations of flour, meal, and starches in Australia and Oceania, comprising 66% of total imports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total imports. It was followed by Papua New Guinea, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +10.8%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-9.4% per year) and Papua New Guinea (+5.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.8% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in New Caledonia ($X per ton) and French Polynesia ($X per ton), while New Zealand ($X per ton) and Fiji ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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