Australia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Australia

In 2021, after two years of growth, there was significant decline in the Australian market for sweet biscuits, waffles and wafers, when its value decreased by -5.9% to $X. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Australia

In 2021, shipments abroad of sweet biscuits, waffles and wafers was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports surged to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Australia, accounting for a 61% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to New Zealand exceeded the volume sent to the second major destination, New Caledonia (X tons), ninefold. French Polynesia (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+8.2% per year) and French Polynesia (+5.4% per year).

In value terms, New Zealand ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Australia, comprising 56% of total exports. The second position in the ranking was held by New Caledonia ($X), with a 7.7% share of total exports. It was followed by French Polynesia, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+5.6% per year) and French Polynesia (+2.9% per year).

Export Prices by Country

The average export price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, surging by 17% against the previous year. In general, the export price, however, saw a mild downturn. The export price peaked 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 China ($X per ton), while the average price for exports to Japan ($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 Papua New Guinea (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Australia

After two years of growth, overseas purchases of sweet biscuits, waffles and wafers decreased by -5.3% to X tons in 2021. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 14%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer imports rose rapidly to $X in 2021. Overall, total imports indicated resilient 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, imports increased by +53.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

The UK (X tons), Indonesia (X tons) and the Netherlands (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Australia, with a combined 32% share of total imports. New Zealand, Bahrain, Italy, Belgium, the Czech Republic, Fiji, China, Spain, France and Thailand lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +154.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), New Zealand ($X) and the UK ($X) constituted the largest sweet biscuit, waffle and wafer suppliers to Australia, together comprising 34% of total imports. The Netherlands, Indonesia, Belgium, Bahrain, China, the Czech Republic, France, Thailand, Spain and Fiji lagged somewhat behind, together comprising a further 44%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +128.2%, recorded 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 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2018 an increase of 26%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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