Australia: Cereal Flour Market 2024

Cereal Flour Market Size in Australia

The Australian cereal flour market fell modestly to $X in 2022, stabilizing at the previous year. Overall, consumption, however, saw a pronounced decrease. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Cereal flour consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cereal Flour Production in Australia

In value terms, cereal flour production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cereal Flour Exports

Exports from Australia

In 2022, overseas shipments of cereal flours decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal flour exports rose to $X in 2022. In general, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), Papua New Guinea (X tons) and New Zealand (X tons) were the main destinations of cereal flour exports from Australia, with a combined X% share of total exports. Indonesia, Solomon Islands, China, Fiji, South Korea, Vanuatu, Micronesia, Japan and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Solomon Islands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal flour exported from Australia were Thailand ($X), New Zealand ($X) and Papua New Guinea ($X), together comprising X% of total exports. Indonesia, Fiji, South Korea, China, Solomon Islands, Japan, Vanuatu, Micronesia and the Philippines lagged somewhat behind, together comprising a further X%.

Solomon Islands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cereal flour export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour export price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced a decline.

Cereal Flour Imports

Imports into Australia

Cereal flour imports into Australia rose rapidly to X tons in 2022, surging by X% against 2021. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cereal flour imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant increase. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of cereal flour imports to Australia, together comprising X% of total imports. Thailand, Vietnam, Pakistan and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and India ($X) were the largest cereal flour suppliers to Australia, together accounting for X% of total imports. Thailand, Vietnam, Pakistan and Mexico lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cereal flour import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour import price increased by X% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :