Australia and Oceania: Soft Drink Market 2024

Soft Drink Market Size in Australia and Oceania

The soft drink market in Australia and Oceania fell to $X in 2021, with a decrease of -10.6% against the previous year. Over the period under review, consumption showed a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Soft Drink Production in Australia and Oceania

In value terms, soft drink production dropped to $X in 2021 estimated in export price. In general, production saw a deep reduction. The growth pace was the most rapid in 2020 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Soft Drink Exports

Exports in Australia and Oceania

In 2021, shipments abroad of soft drinks increased by 66% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, soft drink exports skyrocketed to $X in 2021. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, New Zealand (X litres) represented the key exporter of soft drinks, achieving 71% of total exports. It was distantly followed by Australia (X litres), making up a 29% share of total exports.

New Zealand was also the fastest-growing in terms of the soft drinks exports, with a CAGR of +12.9% from 2012 to 2021. At the same time, Australia (+10.2%) displayed positive paces of growth. While the share of New Zealand (+6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-3.9 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest soft drink supplier in Australia and Oceania, comprising 69% of total exports. The second position in the ranking was held by Australia ($X), with a 31% share of total exports.

In New Zealand, soft drink exports expanded at an average annual rate of +10.0% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per litre in 2021, picking up by 16% against the previous year. Overall, the export price, however, showed a perceptible reduction. The level of export peaked at $X per litre in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per litre), while New Zealand totaled $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-2.5%).

Soft Drink Imports

Imports in Australia and Oceania

In 2021, the amount of soft drinks imported in Australia and Oceania soared to X litres, rising by 29% against 2020. The total import volume increased at an average annual rate of +6.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, soft drink imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.6% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X litres) represented the major importer of soft drinks, committing 53% of total imports. New Zealand (X litres) held the second position in the ranking, distantly followed by Papua New Guinea (X litres). All these countries together held approx. 36% share of total imports. Guam (X litres) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to soft drink imports into Australia stood at +6.4%. At the same time, Papua New Guinea (+9.0%), New Zealand (+8.7%) and Guam (+2.8%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.0% from 2012-2021. New Zealand (+3.4 p.p.) and Papua New Guinea (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported soft drinks in Australia and Oceania, comprising 62% of total imports. The second position in the ranking was held by New Zealand ($X), with a 23% share of total imports. It was followed by Papua New Guinea, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +6.1%. In the other countries, the average annual rates were as follows: New Zealand (+7.1% per year) and Papua New Guinea (+2.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per litre in 2021, growing by 4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 8.4% against the previous year. The level of import peaked at $X per litre in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per litre), while Papua New Guinea ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guam (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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