Australia: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Australia

After three years of growth, the Australian sweet biscuit market decreased by -3.8% to $X in 2021. Over the period under review, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sweet Biscuit Production in Australia

In value terms, sweet biscuit production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2016 with an increase of 17%. Sweet biscuit production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sweet Biscuit Exports

Exports from Australia

In 2021, overseas shipments of sweet biscuits increased by 46% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.3% 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 exports soared to $X in 2021. Overall, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 exports from Australia, accounting for a 63% share of total exports. Moreover, sweet biscuit 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 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+9.1% per year) and French Polynesia (+6.2% per year).

In value terms, New Zealand ($X) remains the key foreign market for sweet biscuits exports from Australia, comprising 58% of total exports. The second position in the ranking was taken by New Caledonia ($X), with an 8.4% share of total exports. It was followed by French Polynesia, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+6.3% per year) and French Polynesia (+3.1% per year).

Export Prices by Country

The average sweet biscuit export price stood at $X per ton in 2021, with an increase of 19% against the previous year. Over the period under review, the export price, however, showed a slight decrease. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: 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 (-0.4%), while the prices for the other major destinations experienced a decline.

Sweet Biscuit Imports

Imports into Australia

In 2021, after two years of growth, there was significant decline in overseas purchases of sweet biscuits, when their volume decreased by -6.9% to X tons. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 17%. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, sweet biscuit imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 19%. Imports peaked 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 imports to Australia, together accounting for 37% of total imports. These countries were followed by Bahrain, New Zealand, Italy, Fiji, Thailand, Spain, the Czech Republic, China, India and Poland, which together accounted for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +153.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to Australia were the UK ($X), New Zealand ($X) and the Netherlands ($X), with a combined 37% share of total imports. Italy, Indonesia, Bahrain, China, Spain, Fiji, Thailand, the Czech Republic, India and Poland lagged somewhat behind, together comprising a further 44%.

The Czech Republic, with a CAGR of +76.8%, 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 2021, the average sweet biscuit import price amounted to $X per ton, with an increase of 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2018 an increase of 28%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: 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 Italy (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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