Australia and Oceania: Cereal Grains Market 2022

Cereal Grains Market Size in Australia and Oceania

The cereal grains market in Australia and Oceania expanded slightly to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is likely to see steady growth in years to come.

Cereal Grains Production in Australia and Oceania

In value terms, cereal grains production expanded notably to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Production By Country in Australia and Oceania

Australia (X tonnes) constituted the country with the largest volume of cereal grains production, comprising approx. X% of total volume. Moreover, cereal grains production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tonnes), more than tenfold.

In Australia, cereal grains production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and Papua New Guinea (+X% per year).

Cereal Grains Exports

Exports in Australia and Oceania

For the fifth consecutive year, Australia and Oceania recorded growth in shipments abroad of cereal grains, which increased by X% to X tonnes in 2020. Total exports indicated a buoyant expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, cereal grains exports soared to $X in 2020. Total exports indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

Exports by Country

The shipments of the one major exporters of cereal grains, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the cereal grains exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest cereal grains supplier in Australia and Oceania.

In Australia, cereal grains exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The cereal grains export price in Australia and Oceania stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the export price increased by X% y-o-y. The level of export peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2007 to 2020, the rate of growth in terms of prices for Australia amounted to -X% per year.

Cereal Grains Imports

Imports in Australia and Oceania

In 2020, supplies from abroad of cereal grains increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, imports posted a prominent expansion. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, cereal grains imports surged to $X in 2020. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in years to come.

Imports by Country

New Zealand was the key importing country with an import of about X tonnes, which resulted at X% of total imports. It was distantly followed by Australia (X tonnes), creating a X% share of total imports. The following importers - Fiji (X tonnes), Papua New Guinea (X tonnes) and French Polynesia (X tonnes) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in French Polynesia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal grains importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and Fiji ($X), together accounting for X% of total imports. These countries were followed by French Polynesia and Papua New Guinea, which together accounted for a further X the main importing countries, French Polynesia 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

The cereal grains import price in Australia and Oceania stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Australia ($X per tonne), while Papua New Guinea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform