Australia: Peanut Butter Market 2025

Peanut Butter Market Size in Australia

The Australian peanut butter market amounted to $X in 2022, increasing by 8.1% against the previous year. Over the period under review, consumption saw a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Peanut Butter Production in Australia

In value terms, peanut butter production reached $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The growth pace was the most rapid in 2013 with an increase of 61% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Peanut Butter Exports

Exports from Australia

In 2022, the amount of peanut butter and prepared or preserved groundnuts exported from Australia shrank rapidly to X tons, falling by -27.5% against 2021 figures. Over the period under review, exports showed a pronounced descent. The growth pace was the most rapid in 2018 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, peanut butter exports dropped remarkably to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Malaysia (X tons), India (X tons) and Thailand (X tons) were the main destinations of peanut butter exports from Australia, together comprising 46% of total exports. New Zealand, China, South Korea, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +496.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), New Zealand ($X) and Thailand ($X) constituted the largest markets for peanut butter exported from Australia worldwide, together comprising 48% of total exports. Malaysia, India, South Korea, Japan and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 43%.

Taiwan (Chinese), with a CAGR of +559.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2022, which is down by -13.1% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, peanut butter export price increased by +40.2% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 47%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($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 (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Australia

In 2022, purchases abroad of peanut butter and prepared or preserved groundnuts increased by 19% to X tons, rising for the eighth year in a row after two years of decline. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +119.9% against 2014 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 28%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, peanut butter imports skyrocketed to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.9% against 2014 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Argentina (X tons) constituted the largest peanut butter supplier to Australia, accounting for a 63% share of total imports. Moreover, peanut butter imports from Argentina exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by China (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.8% per year) and China (-14.1% per year).

In value terms, Argentina ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Australia, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by New Zealand, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.1% per year) and New Zealand (+30.7% per year).

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2022, shrinking by -2.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 15%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Thailand ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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