Australia and Oceania: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Australia and Oceania

In 2021, after four years of growth, there was significant decline in the rusks and toasted bread market in Australia and Oceania, when its value decreased by -13.8% to $X. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.6% against 2016 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Australia and Oceania

In value terms, rusks and toasted bread production contracted to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.1% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 42% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports in Australia and Oceania

In 2021, overseas shipments of rusks, toasted bread and similar toasted products decreased by -28.3% to X tons, falling for the third year in a row after three years of growth. In general, exports, however, recorded a temperate increase. The growth pace was the most rapid in 2017 when exports increased by 175% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, rusks and toasted bread exports dropped to $X in 2021. Over the period under review, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2017 with an increase of 185% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand represented the main exporter of rusks, toasted bread and similar toasted products in Australia and Oceania, with the volume of exports reaching X tons, which was near 70% of total exports in 2021. It was distantly followed by Australia (X tons), making up a 28% share of total exports. New Caledonia (X tons) held a little share of total exports.

New Zealand was also the fastest-growing in terms of the rusks, toasted bread and similar toasted products exports, with a CAGR of +25.5% from 2012 to 2021. At the same time, New Caledonia (+20.0%) displayed positive paces of growth. By contrast, Australia (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +57 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest rusks and toasted bread supplier in Australia and Oceania, comprising 68% of total exports. The second position in the ranking was held by Australia ($X), with a 31% share of total exports.

In New Zealand, rusks and toasted bread exports expanded at an average annual rate of +32.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-9.2% per year) and New Caledonia (+20.0% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 26% against the previous year. Over the period under review, the export price, however, recorded a mild slump. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Caledonia ($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 (+5.4%).

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports in Australia and Oceania

After two years of growth, overseas purchases of rusks, toasted bread and similar toasted products decreased by -10.8% to X tons in 2021. The total import volume increased at an average annual rate of +1.2% over the period 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 2017 with an increase of 23% against the previous year. The volume of import peaked at X tons in 2020, and then shrank in the following year.

In value terms, rusks and toasted bread imports totaled $X in 2021. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Australia was the largest importing country with an import of around X tons, which resulted at 85% of total imports. It was distantly followed by New Zealand (X tons), comprising an 11% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of rusks, toasted bread and similar toasted products. At the same time, New Zealand (+7.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.2% from 2012-2021. By contrast, New Caledonia (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +4.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported rusks, toasted bread and similar toasted products in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports.

In Australia, rusks and toasted bread imports expanded at an average annual rate of +9.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+7.1% per year) and New Caledonia (+2.1% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 13% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rusks and toasted bread import price increased by +10.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 44%. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :