Australia: Cereal Germ Market 2024

Cereal Germ Market Size in Australia

In 2021, the Australian cereal germ market increased by 17% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.4% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cereal Germ Production in Australia

In value terms, cereal germ production surged to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value 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, production decreased by -17.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Cereal Germ Exports

Exports from Australia

In 2021, approx. X tons of cereal germ were exported from Australia; with an increase of 18% against the previous year. Overall, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 872% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cereal germ exports soared to $X in 2021. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 522% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for cereal germ exports from Australia, with a 53% share of total exports. Moreover, cereal germ exports to Malaysia exceeded the volume sent to the second major destination, South Africa (X tons), twofold. The third position in this ranking was taken by New Zealand (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+40.2% per year) and New Zealand (+0.5% per year).

In value terms, the largest markets for cereal germ exported from Australia were Malaysia ($X), New Zealand ($X) and China ($X), with a combined 70% share of total exports. South Africa lagged somewhat behind, accounting for a further 14%.

Among the main countries of destination, South Africa, with a CAGR of +26.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cereal germ export price amounted to $X per ton, surging by 25% against the previous year. In general, the export price showed mild growth. The most prominent rate of growth was recorded in 2013 an increase of 77%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+242.4%), while the prices for the other major destinations experienced a decline.

Cereal Germ Imports

Imports into Australia

Cereal germ imports into Australia reduced rapidly to X tons in 2021, with a decrease of -15.5% on 2020 figures. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 243% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, cereal germ imports contracted to $X in 2021. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 120%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest cereal germ supplier to Australia, accounting for a 51% share of total imports. Moreover, cereal germ imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.0% per year) and Vietnam (-41.1% per year).

In value terms, India ($X), Taiwan (Chinese) ($X) and the United States ($X) constituted the largest cereal germ suppliers to Australia, with a combined 92% share of total imports.

India, with a CAGR of +45.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2021, increasing by 6.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+44.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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