Australia: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Australia

In 2021, the Australian non-wheat cereal pellets market decreased by -16.3% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, recorded prominent growth. Non-wheat cereal pellets consumption peaked at $X in 2020, and then dropped significantly in the following year.

Non-Wheat Cereal Pellets Production in Australia

In value terms, non-wheat cereal pellets production shrank to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 36% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Non-Wheat Cereal Pellets Exports

Exports from Australia

In 2021, shipments abroad of cereal pellets (excluding wheat) increased by 0.5% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 80% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets exports dropped to $X in 2021. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 71% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for non-wheat cereal pellets exports from Australia, with a 57% share of total exports. Moreover, non-wheat cereal pellets exports to South Korea exceeded the volume sent to the second major destination, Kuwait (X tons), fivefold. Qatar (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+23.6% per year) and Qatar (-17.0% per year).

In value terms, South Korea ($X) remains the key foreign market for cereal pellets (excluding wheat) exports from Australia, comprising 44% of total exports. The second position in the ranking was held by Qatar ($X), with a 10% share of total exports. It was followed by Kuwait, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-16.4% per year) and Kuwait (+22.9% per year).

Export Prices by Country

In 2021, the average non-wheat cereal pellets export price amounted to $X per ton, reducing by -6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($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 Japan (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Cereal Pellets Imports

Imports into Australia

For the third consecutive year, Australia recorded growth in purchases abroad of cereal pellets (excluding wheat), which increased by 89% to X tons in 2021. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 603%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, non-wheat cereal pellets imports skyrocketed to $X in 2021. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 442%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) was the main supplier of non-wheat cereal pellets to Australia, accounting for a 94% share of total imports. It was followed by New Zealand (X tons), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +63.7%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+717.1% per year) and India (+23.8% per year).

In value terms, the United States ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Australia, comprising 84% of total imports. The second position in the ranking was taken by India ($X), with a 9.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +87.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+57.5% per year) and New Zealand (+548.6% per year).

Import Prices by Country

In 2021, the average non-wheat cereal pellets import price amounted to $X per ton, declining by -30.6% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+27.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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