Australia: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Australia

The Australian market for candies, sweets, and nonchocolate confectionery contracted to $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +6.8% against 2020 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Candies, Sweets, and Nonchocolate Confectionery in Australia

In value terms, candy, sweets, and nonchocolate confectionery production dropped to $X in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.0% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Australia

After two years of growth, overseas shipments of candies, sweets, and nonchocolate confectionery decreased by -12.3% to X tons in 2022. Overall, exports saw a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports dropped notably to $X in 2022. Over the period under review, exports saw a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Australia, accounting for a 62% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), threefold. Canada (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.0% per year) and Canada (+17.1% per year).

In value terms, New Zealand ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Australia, comprising 58% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by Singapore, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.3% per year) and Singapore (-6.2% per year).

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, with a decrease of -4.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Canada ($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 the United States (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Australia

Candy, sweets, and nonchocolate confectionery imports into Australia was estimated at X tons in 2022, surging by 2.2% on the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports stood at $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest candy, sweets, and nonchocolate confectionery supplier to Australia, with a 33% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. New Zealand (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.3% per year) and New Zealand (-8.7% per year).

In value terms, China ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Australia, comprising 33% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.4% share of total imports. It was followed by Germany, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.3% per year) and Germany (+4.4% per year).

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, surging by 8.2% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candy, sweets, and nonchocolate confectionery import price increased by +11.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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