Australia: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Australia

In 2021, the Australian non-wheat groats market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, saw a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Non-Wheat Groats Production in Australia

In value terms, non-wheat groats production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 31%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Non-Wheat Groats Exports

Exports from Australia

In 2021, the amount of groats and meal of cereals (excluding wheat) exported from Australia rose significantly to X tons, growing by 7.1% compared with the previous year's figure. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, non-wheat groats exports soared to $X in 2021. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 93% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons), Taiwan (Chinese) (X tons) and Papua New Guinea (X tons) were the main destinations of non-wheat groats exports from Australia, with a combined 77% share 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 India (with a CAGR of +165.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-wheat groats exported from Australia were Papua New Guinea ($X), India ($X) and Taiwan (Chinese) ($X), with a combined 79% share of total exports.

In terms of the main countries of destination, India, with a CAGR of +176.2%, 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 non-wheat groats export price amounted to $X per ton, with an increase of 16% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats export price decreased by -4.9% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Japan ($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 the United Arab Emirates (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Australia

In 2021, after two years of growth, there was significant decline in purchases abroad of groats and meal of cereals (excluding wheat), when their volume decreased by -15.1% to X tons. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 141% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced markedly in the following year.

In value terms, non-wheat groats imports reduced to $X in 2021. Overall, imports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2019 with an increase of 99.9% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of non-wheat groats to Australia, accounting for a 54% share of total imports. Moreover, non-wheat groats imports from Brazil exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +78.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+53.0% per year) and Italy (-9.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Australia, comprising 45% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +92.0%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+42.6% per year) and Italy (-10.3% per year).

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, growing by 5.6% against the previous year. Overall, the import price, however, recorded a mild setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :