Australia and Oceania: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Australia and Oceania

In 2021, the non-wheat flour market in Australia and Oceania decreased by -10.3% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Non-Wheat Flour Production in Australia and Oceania

In value terms, non-wheat flour production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 26%. As a result, production reached the peak level of $X, and then contracted in the following year.

Non-Wheat Flour Exports

Exports in Australia and Oceania

Non-wheat flour exports stood at X tons in 2021, surging by 14% on the previous year's figure. In general, exports posted resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, non-wheat flour exports skyrocketed to $X in 2021. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 61%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Australia (X tons) and New Zealand (X tons) prevails in exports structure, together constituting 97% of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Fiji (with a CAGR of +32.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat flour supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), with a combined 99.9% share of total exports.

Fiji, with a CAGR of +24.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, surging by 5.2% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while New Zealand ($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 (-1.1%), while the other leaders experienced a decline in the export price figures.

Non-Wheat Flour Imports

Imports in Australia and Oceania

In 2021, after two years of growth, there was significant decline in purchases abroad of non-wheat flours, when their volume decreased by -6% to X tons. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. The volume of import peaked at X tons in 2020, and then declined in the following year.

In value terms, non-wheat flour imports shrank to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 increased by +61.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 20%. The level of import peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Australia (X tons) represented the main importer of non-wheat flours, generating 67% of total imports. It was distantly followed by New Zealand (X tons), making up a 23% share of total imports. Fiji (X tons), Solomon Islands (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-wheat flour imports into Australia stood at +2.7%. At the same time, Solomon Islands (+55.0%), Papua New Guinea (+36.2%), Fiji (+12.3%) and New Zealand (+2.6%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +55.0% from 2012-2021. Solomon Islands (+2.3 p.p.), Fiji (+2.2 p.p.) and Papua New Guinea (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Australia saw its share reduced by -1.9% and -4.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported non-wheat flours in Australia and Oceania, comprising 64% of total imports. The second position in the ranking was held by New Zealand ($X), with a 28% share of total imports. It was followed by Fiji, with a 2.5% share.

In Australia, non-wheat flour imports expanded at an average annual rate of +5.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+3.4% per year) and Fiji (+1.9% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, which is down by -3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Solomon Islands ($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 (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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