Australia and Oceania: Cereal Market 2024

Cereal Market Size in Australia and Oceania

The cereal market in Australia and Oceania declined to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Cereal Production in Australia and Oceania

In value terms, cereal production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Australia (X tons) remains the largest cereal producing country in Australia and Oceania, accounting for X% of total volume. It was followed by New Zealand (X tons), with a X% share of total production.

From 2012 to 2022, the average annual growth rate of volume in Australia stood at X%.

The average cereal yield reached X tons per ha in 2022, increasing by X% on 2021. The yield indicated temperate growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal yield increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the yield increased by X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cereal harvested area reduced to X ha in 2022, waning by X% against the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha, and then reduced in the following year.

Cereal Exports

Exports in Australia and Oceania

In 2022, overseas shipments of cereals increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports posted a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, cereal exports skyrocketed to $X in 2022. Over the period under review, exports saw a temperate expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2022.

Australia was also the fastest-growing in terms of the cereals exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In Australia, cereal exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Cereal Imports

Imports in Australia and Oceania

After two years of decline, purchases abroad of cereals increased by X% to X tons in 2022. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, cereal imports surged to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

New Zealand was the largest importer of cereals in Australia and Oceania, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons) and Fiji (X tons), together committing a X% share of total imports. The following importers - New Caledonia (X tons) and Solomon Islands (X tons) - together made up X% of total imports.

Imports into New Zealand increased at an average annual rate of X% from 2012 to 2022. At the same time, Solomon Islands (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Caledonia experienced a relatively flat trend pattern. By contrast, Fiji (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Fiji saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported cereals in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In New Zealand, cereal imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Fiji ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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