Australia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Australia

The Australian chocolate and confectionery market amounted to $X in 2022, increasing by 4.6% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.8%. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Chocolate And Confectionery Production in Australia

In value terms, chocolate and confectionery production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Chocolate And Confectionery Exports

Exports from Australia

After four years of growth, overseas shipments of chocolate and confectionery decreased by -17% to X tons in 2022. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 15% against the previous year. The exports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, chocolate and confectionery exports contracted to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 12% against the previous year. The exports peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

New Zealand (X tons), Japan (X tons) and Malaysia (X tons) were the main destinations of chocolate and confectionery exports from Australia, with a combined 70% share of total exports. The Philippines, Indonesia, Hong Kong SAR, Singapore, Thailand, South Korea, China and Fiji lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +40.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from Australia were New Zealand ($X), Japan ($X) and Malaysia ($X), with a combined 71% share of total exports. The Philippines, China, Hong Kong SAR, Indonesia, Thailand, Singapore, South Korea and Fiji lagged somewhat behind, together comprising a further 22%.

In terms of the main countries of destination, South Korea, with a CAGR of +38.1%, 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 2022, the average chocolate and confectionery export price amounted to $X per ton, increasing by 17% against the previous year. In general, the export price, however, continues to indicate a mild downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while the average price for exports to Malaysia ($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 China (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Chocolate And Confectionery Imports

Imports into Australia

In 2022, chocolate and confectionery imports into Australia reached X tons, therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, chocolate and confectionery imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 13% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of chocolate and confectionery imports to Australia, with a combined 43% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +8.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Australia were Singapore ($X), Germany ($X) and Indonesia ($X), together accounting for 37% of total imports.

Indonesia, with a CAGR of +10.2%, recorded the highest growth rate of the value of imports, among 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 chocolate and confectionery import price stood at $X per ton in 2022, which is down by -1.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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