Australia and Oceania: Market for Mixed Condiments, Sauses and Seasonings 2022

Market Size for Mixed Condiments, Sauses and Seasonings in Australia and Oceania

After two years of growth, the market for mixed condiments, sauses and seasonings in Australia and Oceania decreased by -17.6% to $X in 2021. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined remarkably in the following year.

Production of Mixed Condiments, Sauses and Seasonings in Australia and Oceania

In value terms, mixed condiment, sause and seasoning production declined to $X in 2021 estimated in export price. Overall, production, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 39% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports in Australia and Oceania

In 2021, exports of mixed condiments, sauses and seasonings in Australia and Oceania skyrocketed to X tons, rising by 45% compared with 2020 figures. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mixed condiment, sause and seasoning exports surged to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand represented the major exporting country with an export of around X tons, which amounted to 63% of total exports. It was distantly followed by Australia (X tons), committing a 36% share of total exports.

From 2012 to 2021, the biggest increases were in New Zealand (with a CAGR of +3.7%).

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

In terms of the main exporting countries, New Zealand, with a CAGR of +3.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, waning by -4.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 6.3% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.2%).

Imports of Mixed Condiments, Sauses and Seasonings

Imports in Australia and Oceania

In 2021, supplies from abroad of mixed condiments, sauses and seasonings decreased by -8.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, mixed condiment, sause and seasoning imports soared to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the major importing country with an import of around X tons, which reached 72% of total imports. It was distantly followed by New Zealand (X tons), achieving a 21% share of total imports. The following importers - Papua New Guinea (X tons) and French Polynesia (X tons) - each reached a 3.6% share of total imports.

Imports into Australia decreased at an average annual rate of -1.0% from 2012 to 2021. At the same time, New Zealand (+3.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.7% from 2012-2021. Papua New Guinea and French Polynesia experienced a relatively flat trend pattern. New Zealand (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -6.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported mixed condiments, sauses and seasonings in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports. It was followed by Papua New Guinea, with a 1.6% share.

In Australia, mixed condiment, sause and seasoning imports increased at an average annual rate of +4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+4.6% per year) and Papua New Guinea (-1.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 32% against the previous year. Import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mixed condiment, sause and seasoning import price increased by +82.4% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Australia ($X per ton) and New Zealand ($X per ton), while Papua New Guinea ($X per ton) and French Polynesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by French Polynesia (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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