Australia: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Australia

The Australian sugary soft drink market expanded modestly to $X in 2022, increasing by 3.7% against the previous year. Over the period under review, consumption, however, recorded a noticeable downturn. Sugary soft drink consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sugary Soft Drink Production in Australia

In value terms, sugary soft drink production totaled $X in 2022 estimated in export price. In general, production, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by 29%. Sugary soft drink production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sugary Soft Drink Exports

Exports from Australia

In 2022, shipments abroad of sugary soft drinks increased by 15% to X litres, rising for the fourth consecutive year after two years of decline. In general, exports showed a strong expansion. The growth pace was the most rapid in 2015 when exports increased by 90%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sugary soft drink exports totaled $X in 2022. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

New Zealand (X litres), the United States (X litres) and China (X litres) were the main destinations of sugary soft drink exports from Australia, with a combined 72% share of total exports. South Korea, Malaysia, Singapore and the UK lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +45.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugary soft drink exported from Australia were New Zealand ($X), the United States ($X) and China ($X), together accounting for 71% of total exports. South Korea, Malaysia, Singapore and the UK lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, South Korea, with a CAGR of +31.6%, recorded the highest rates of growth with regard to the value of exports, 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 sugary soft drink export price amounted to $X per litre, waning by -4.7% against the previous year. Over the period under review, the export price showed a perceptible downturn. The growth pace was the most rapid in 2017 when the average export price increased by 24%. Over the period under review, the average export prices reached the peak figure at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to New Zealand ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Sugary Soft Drink Imports

Imports into Australia

In 2022, approx. X litres of sugary soft drinks were imported into Australia; growing by 13% on 2021. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, sugary soft drink imports amounted to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.7% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

New Zealand (X litres), Austria (X litres) and Switzerland (X litres) were the main suppliers of sugary soft drink imports to Australia, with a combined 69% share of total imports. The United States, the UK, China, Italy, South Korea, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +16.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Austria ($X) and the United States ($X) constituted the largest sugary soft drink suppliers to Australia, with a combined 67% share of total imports. Switzerland, the UK, Italy, China, South Korea, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, the UK, with a CAGR of +19.6%, 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 2022, the average sugary soft drink import price amounted to $X per litre, stabilizing at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. The import price peaked at $X per litre in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :