Australia and Oceania: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Australia and Oceania

The market for candies, sweets, and nonchocolate confectionery in Australia and Oceania declined modestly to $X in 2022, flattening at the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +6.9% against 2020 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Production of Candies, Sweets, and Nonchocolate Confectionery in Australia and Oceania

In value terms, candy, sweets, and nonchocolate confectionery production dropped to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.0% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 36%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports in Australia and Oceania

After two years of growth, shipments abroad of candies, sweets, and nonchocolate confectionery decreased by -2.1% to X tons in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports totaled $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 18% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, New Zealand (X tons) and Australia (X tons) was the main exporter of candies, sweets, and nonchocolate confectionery in Australia and Oceania, comprising 100% of total export.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +0.7%).

In value terms, New Zealand ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2022.

New Zealand, with a CAGR of +2.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by 4.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 12% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.8%).

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports in Australia and Oceania

In 2022, imports of candies, sweets, and nonchocolate confectionery in Australia and Oceania shrank slightly to X tons, flattening at the year before. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 22%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Australia represented the major importing country with an import of about X tons, which resulted at 63% of total imports. New Zealand (X tons) held the second position in the ranking, distantly followed by Papua New Guinea (X tons). All these countries together held approx. 29% share of total imports. New Caledonia (X tons) held a minor share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of candies, sweets, and nonchocolate confectionery. At the same time, Papua New Guinea (+4.6%) and New Caledonia (+4.3%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.6% from 2012-2022. By contrast, New Zealand (-1.5%) illustrated a downward trend over the same period. Papua New Guinea (+3 p.p.) significantly strengthened its position in terms of the total imports, while Australia and New Zealand saw its share reduced by -1.9% and -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported candies, sweets, and nonchocolate confectionery in Australia and Oceania, comprising 69% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 22% share of total imports. It was followed by Papua New Guinea, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +3.6%. In the other countries, the average annual rates were as follows: New Zealand (+0.5% per year) and Papua New Guinea (+4.2% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Caledonia ($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 (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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