Australia and Oceania: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Australia and Oceania

The prepared baking powder market in Australia and Oceania reached $X in 2022, approximately reflecting the previous year. The total consumption indicated measured growth 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, consumption increased by +79.5% against 2015 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Prepared Baking Powder Production in Australia and Oceania

In value terms, prepared baking powder production stood at $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 29% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Prepared Baking Powder Exports

Exports in Australia and Oceania

In 2022, overseas shipments of prepared baking powders increased by 3% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of 32%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared baking powder exports shrank to $X in 2022. In general, exports, however, showed a slight descent. The most prominent rate of growth was recorded in 2016 when exports increased by 49% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Australia (X tons) was the key exporter of prepared baking powders, mixing up 57% of total exports. New Zealand (X tons) ranks second in terms of the total exports with a 29% share, followed by Fiji (14%).

From 2012 to 2022, average annual rates of growth with regard to prepared baking powder exports from Australia stood at -9.0%. At the same time, New Zealand (+15.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +15.5% from 2012-2022. Fiji experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Zealand and Fiji increased by +24 and +14 percentage points, respectively.

In value terms, Australia ($X) remains the largest prepared baking powder supplier in Australia and Oceania, comprising 62% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -5.8%. In the other countries, the average annual rates were as follows: New Zealand (+13.0% per year) and Fiji (0.0% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with a decrease of -15.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2019 an increase of 21% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand ($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 (+3.6%).

Prepared Baking Powder Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was decline in overseas purchases of prepared baking powders, when their volume decreased by -2% to X tons. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, prepared baking powder imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

New Zealand represented the major importer of prepared baking powders in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 41% of total imports in 2022. It was distantly followed by Australia (X tons), Samoa (X tons), Tonga (X tons) and Fiji (X tons), together mixing up a 37% share of total imports. Papua New Guinea (X tons), French Polynesia (X tons), Solomon Islands (X tons), Kiribati (X tons) and New Caledonia (X tons) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of imports of prepared baking powders. At the same time, Fiji (+44.1%), Tonga (+11.0%), Kiribati (+4.7%), Samoa (+3.2%) and New Caledonia (+2.3%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +44.1% from 2012-2022. Solomon Islands and Australia experienced a relatively flat trend pattern. By contrast, French Polynesia (-6.5%) and Papua New Guinea (-13.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Fiji, New Zealand, Samoa and Tonga increased by +4.4, +4.3, +3.2 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X), Australia ($X) and Samoa ($X) were the countries with the highest levels of imports in 2022, together accounting for 73% of total imports. French Polynesia, New Caledonia, Tonga, Solomon Islands, Kiribati, Fiji and Papua New Guinea lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Fiji, with a CAGR of +32.5%, saw the highest growth rate of 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, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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