Australia: Crispbread Market 2024

Crispbread Market Size in Australia

The Australian crispbread market stood at $X in 2021, picking up by 4% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Crispbread Production in Australia

In value terms, crispbread production rose modestly to $X in 2021 estimated in export price. Overall, production showed slight growth. The pace of growth appeared the most rapid in 2018 with an increase of 129% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Crispbread Exports

Exports from Australia

In 2021, the amount of crispbread exported from Australia contracted to X tons, waning by -13.3% against the year before. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 117%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, crispbread exports fell notably to $X in 2021. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 113% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for crispbread exports from Australia, with a 56% share of total exports. Moreover, crispbread exports to the United States exceeded the volume sent to the second major destination, New Zealand (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-18.9% per year) and Singapore (+49.3% per year).

In value terms, the United States ($X) remains the key foreign market for crispbread exports from Australia, comprising 59% of total exports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total exports. It was followed by Singapore, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-21.7% per year) and Singapore (+54.8% per year).

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, waning by -2.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to New Zealand ($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 South Korea (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Australia

In 2021, overseas purchases of crispbread increased by 5.7% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 71% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, crispbread imports stood at $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 67% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the UK (X tons) and Canada (X tons) were the main suppliers of crispbread imports to Australia, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +102.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Canada ($X) and China ($X) appeared to be the largest crispbread suppliers to Australia, together comprising 64% of total imports.

In terms of the main suppliers, Canada, with a CAGR of +91.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, picking up by 7.2% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 81% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per ton), while the price for China ($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 Zealand (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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