Australia and Oceania: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Australia and Oceania

The market for protein concentrates and flavoured or coloured sugar syrups in Australia and Oceania soared to $X in 2021, increasing by 26% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Australia and Oceania

In value terms, production of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in Australia and Oceania

Exports of protein concentrates and flavoured or coloured sugar syrups rose sharply to X tons in 2021, surging by 9.5% compared with the year before. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by 40%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups rose significantly to $X in 2021. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 53% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

Australia represented the key exporter of protein concentrates and flavoured or coloured sugar syrups in Australia and Oceania, with the volume of exports resulting at X tons, which was near 83% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting a 17% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to protein concentrate and flavoured or coloured sugar syrup exports from Australia stood at +9.9%. At the same time, New Zealand (+16.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +16.8% from 2012-2021. While the share of New Zealand (+6.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-6.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +11.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 3.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.9%).

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in Australia and Oceania

In 2021, overseas purchases of protein concentrates and flavoured or coloured sugar syrups increased by 16% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.9% 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 +59.3% against 2017 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 19% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Overall, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) represented the main importer of protein concentrates and flavoured or coloured sugar syrups, making up 73% of total imports. It was distantly followed by New Zealand (X tons), committing a 23% share of total imports.

Australia was also the fastest-growing in terms of the protein concentrates and flavoured or coloured sugar syrups imports, with a CAGR of +12.5% from 2012 to 2021. At the same time, New Zealand (+3.1%) displayed positive paces of growth. From 2012 to 2021, the share of Australia increased by +19 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported protein concentrates and flavoured or coloured sugar syrups in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +10.5%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 8.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2016 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, 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 (+6.7%).

Source: IndexBox Platform

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