Australia: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Australia

In 2021, the Australian prepared dish and meal market increased by 7.8% to $X, rising for the second consecutive year after three years of decline. In general, consumption continues to indicate a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Prepared Dishes And Meals in Australia

In value terms, prepared dish and meal production contracted slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 53%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports from Australia

In 2021, overseas shipments of prepared dishes and meals decreased by -1.8% to X tons, falling for the fourth consecutive year after six years of growth. Overall, exports, however, saw a tangible expansion. The growth pace was the most rapid in 2015 when exports increased by 32%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared dish and meal exports fell to $X in 2021. Over the period under review, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 89%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), China (X tons) and Japan (X tons) were the main destinations of prepared dish and meal exports from Australia, together accounting for 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for prepared dishes and meals exports from Australia, comprising 45% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total exports. It was followed by Hong Kong SAR, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +49.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+1.3% per year) and Hong Kong SAR (+10.1% per year).

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, which is down by -7.9% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 43%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 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 Thailand ($X per ton), while the average price for exports to Japan ($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 Thailand (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Australia

After three years of growth, purchases abroad of prepared dishes and meals decreased by -18.6% to X tons in 2021. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 49%. Imports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, prepared dish and meal imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Thailand (X tons), New Zealand (X tons) and Singapore (X tons) were the main suppliers of prepared dish and meal imports to Australia, together accounting for 29% of total imports. These countries were followed by Indonesia, Malaysia, the United States, the Netherlands, China, Japan, Taiwan (Chinese), Germany, Denmark and India, which together accounted for a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal suppliers to Australia were Singapore ($X), New Zealand ($X) and the United States ($X), together comprising 55% of total imports. These countries were followed by China, the Netherlands, Germany, Thailand, Denmark, Indonesia, Malaysia, Taiwan (Chinese), India and Japan, which together accounted for a further 31%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +24.5%, recorded 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

The average prepared dish and meal import price stood at $X per ton in 2021, surging by 39% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :