Australia and Oceania: Potato Chips Market 2024

Potato Chips Market Size in Australia and Oceania

The potato chips market in Australia and Oceania amounted to $X in 2022, rising by 2.1% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Potato Chips Production in Australia and Oceania

In value terms, potato chips production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Potato Chips Exports

Exports in Australia and Oceania

In 2022, after two years of decline, there was significant growth in shipments abroad of potato chips, when their volume increased by 37% to X tons. In general, exports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 58% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, potato chips exports soared to $X in 2022. Overall, exports, however, saw a mild downturn. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand was the major exporter of potato chips in Australia and Oceania, with the volume of exports resulting at X tons, which was approx. 65% of total exports in 2022. It was distantly followed by Australia (X tons), mixing up a 32% share of total exports. Fiji (X tons) followed a long way behind the leaders.

Exports from New Zealand decreased at an average annual rate of -5.8% from 2012 to 2022. At the same time, Australia (+11.8%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +11.8% from 2012-2022. By contrast, Fiji (-1.8%) illustrated a downward trend over the same period. Australia (+24 p.p.) and Fiji (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -27.1% from 2012 to 2022, respectively.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) constituted the countries with the highest levels of exports in 2022, with a combined 100% share of total exports.

Among the main exporting countries, Australia, with a CAGR of +14.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 when the export price increased by 32%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Potato Chips Imports

Imports in Australia and Oceania

In 2022, purchases abroad of potato chips decreased by -7.9% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 29%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, potato chips imports amounted to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +75.5% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 34%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Australia represented the main importing country with an import of about X tons, which recorded 41% of total imports. New Zealand (X tons) took a 26% share (based on physical terms) of total imports, which put it in second place, followed by New Caledonia (11%) and French Polynesia (9.2%). The following importers - Fiji (X tons), Papua New Guinea (X tons) and Vanuatu (X tons) - together made up 6.2% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vanuatu (with a CAGR of +16.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potato chips importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and New Caledonia ($X), with a combined 79% share of total imports.

In terms of the main importing countries, New Zealand, with a CAGR of +19.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Vanuatu ($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 (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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