Australia: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Australia

After four years of growth, the Australian rusks and toasted bread market decreased by -12% to $X in 2021. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.4% against 2016 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Australia

In value terms, rusks and toasted bread production dropped to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.1% against 2016 indices. The growth pace was the most rapid in 2020 when the production volume increased by 38% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Australia

In 2021, overseas shipments of rusks, toasted bread and similar toasted products decreased by -69.7% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 149%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, rusks and toasted bread exports contracted sharply to $X in 2021. In general, exports showed a deep slump. The growth pace was the most rapid in 2014 with an increase of 99% 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 lower figure.

Exports by Country

New Zealand (X tons) was the main destination for rusks and toasted bread exports from Australia, accounting for a 72% share of total exports. Moreover, rusks and toasted bread exports to New Zealand exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), tenfold. The third position in this ranking was held by South Korea (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+29.5% per year) and South Korea (0.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Australia, comprising 51% of total exports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total exports. It was followed by Hong Kong SAR, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and Hong Kong SAR (-6.8% per year).

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, picking up by 105% against the previous year. In general, the export price, however, continues to indicate a mild downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Malaysia (+10.1%), while the prices for the other major destinations experienced a decline.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Australia

Rusks and toasted bread imports into Australia contracted to X tons in 2021, declining by -4.6% compared with the previous year. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 20% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, rusks and toasted bread imports expanded markedly to $X in 2021. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 68%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

The UK (X tons), New Zealand (X tons) and Italy (X tons) were the main suppliers of rusks and toasted bread imports to Australia, together comprising 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +190.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Australia, comprising 45% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from New Zealand amounted to +184.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.2% per year) and the UK (+0.2% per year).

Import Prices by Country

In 2021, the average rusks and toasted bread import price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 59% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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