Australia and Oceania: Waffle And Wafer Market 2024

Waffle And Wafer Exports

Exports in Australia and Oceania

In 2021, overseas shipments of waffles and wafers were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, waffle and wafer exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) represented the key exporter of waffles and wafers, comprising 65% of total exports. It was distantly followed by New Zealand (X tons), creating a 32% share of total exports. New Caledonia (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to waffle and wafer exports from Australia stood at +5.1%. At the same time, New Caledonia (+52.7%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +52.7% from 2012-2021. By contrast, New Zealand (-1.9%) illustrated a downward trend over the same period. While the share of Australia (+13 p.p.) and New Caledonia (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-15.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest waffle and wafer supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 26% share of total exports.

In Australia, waffle and wafer exports increased at an average annual rate of +2.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-6.7% per year) and New Caledonia (+61.2% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 6.8% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 12%. 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.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 New Caledonia (+5.6%), while the other leaders experienced a decline in the export price figures.

Waffle And Wafer Imports

Imports in Australia and Oceania

In 2021, the amount of waffles and wafers imported in Australia and Oceania shrank to X tons, with a decrease of -4.4% on 2020 figures. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 23%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, waffle and wafer imports rose remarkably to $X in 2021. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 26%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Australia represented the major importer of waffles and wafers in Australia and Oceania, with the volume of imports reaching X tons, which was approx. 64% of total imports in 2021. New Zealand (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Papua New Guinea (5.6%). New Caledonia (X tons), French Polynesia (X tons) and Tonga (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to waffle and wafer imports into Australia stood at +6.1%. At the same time, Tonga (+33.9%), French Polynesia (+7.9%), New Caledonia (+7.7%), Papua New Guinea (+4.5%) and New Zealand (+3.1%) displayed positive paces of growth. Moreover, Tonga emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +33.9% from 2012-2021. While the share of Australia (+3.2 p.p.) and Tonga (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported waffles and wafers in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total imports. It was followed by Papua New Guinea, with a 2.8% share.

In Australia, waffle and wafer imports expanded at an average annual rate of +13.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+4.3% per year) and Papua New Guinea (+2.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, increasing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2018 when the import price increased by 18% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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