Australia: Potato Chips Market 2024

Potato Chips Market Size in Australia

The Australian potato chips market expanded modestly to $X in 2022, picking up by 4.7% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Potato Chips Production in Australia

In value terms, potato chips production expanded to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Potato Chips Exports

Exports from Australia

After two years of decline, overseas shipments of potato chips increased by 16% to X tons in 2022. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 214%. 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, potato chips exports soared to $X in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by 188%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main destinations of potato chips exports from Australia, together accounting for 54% of total exports. New Zealand, Hong Kong SAR, Indonesia, China, American Samoa and Fiji lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +138.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato chips exported from Australia were Taiwan (Chinese) ($X), Malaysia ($X) and Thailand ($X), together comprising 53% of total exports. Hong Kong SAR, Indonesia, New Zealand, China, Fiji and American Samoa lagged somewhat behind, together comprising a further 32%.

Hong Kong SAR, with a CAGR of +172.9%, saw 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

In 2022, the average potato chips export price amounted to $X per ton, jumping by 23% against the previous year. Over the period under review, the export price enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2017 an increase of 61% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to American Samoa ($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 (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Australia

In 2022, overseas purchases of potato chips decreased by -2.4% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 69% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, potato chips imports rose slightly to $X in 2022. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2016 when imports increased by 50%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of potato chips imports to Australia, together accounting for 65% of total imports. Malaysia, Indonesia, the Netherlands, New Zealand and Italy lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +74.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potato chips suppliers to Australia were the United States ($X), Germany ($X) and Indonesia ($X), with a combined 54% share of total imports.

Indonesia, with a CAGR of +70.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 potato chips import price amounted to $X per ton, growing by 4.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 New Zealand ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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