Australia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Australia

The Australian market for malt extract and food preparations of flour, meal, and starches declined slightly to $X in 2022, leveling off at the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +104.6% against 2020 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Australia

In value terms, production of malt extract and food preparations of flour, meal, and starches declined to $X in 2022 estimated in export price. In general, production recorded a pronounced decline. The growth pace was the most rapid in 2013 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Australia

In 2022, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by -26.6% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 19%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches contracted significantly to $X in 2022. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by 21% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Australia, accounting for a 30% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to the United Arab Emirates exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. China (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+3.3% per year) and China (-16.4% per year).

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Australia were China ($X), the United Arab Emirates ($X) and Indonesia ($X), with a combined 63% share of total exports. New Zealand, Papua New Guinea, the Philippines, Malaysia, Thailand, Singapore and Taiwan (Chinese) lagged somewhat behind, together comprising a further 21%.

Papua New Guinea, with a CAGR of +9.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, dropping by -12% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for malt extract and food preparations of flour, meal, and starches decreased by -16.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 37%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($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 (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Australia

In 2022, after two years of growth, there was significant decline in purchases abroad of malt extract and food preparations of flour, meal, and starches, when their volume decreased by -8.3% to X tons. In general, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 31% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches fell to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Thailand (X tons), Denmark (X tons) and Japan (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Australia, together accounting for 42% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +56.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Australia were Denmark ($X), Thailand ($X) and Germany ($X), together comprising 36% of total imports. Belgium, the United States, Italy, New Zealand, Japan, Malaysia, China, the UK, South Korea and France lagged somewhat behind, together comprising a further 57%.

Among the main suppliers, Japan, with a CAGR of +54.7%, 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 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, shrinking by -5.6% against the previous year. Over the period under review, 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 24%. The import price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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