Australia and Oceania: Chocolate Market 2024

Chocolate Market Size in Australia and Oceania

The chocolate market in Australia and Oceania expanded remarkably to $X in 2022, growing by X% against the previous year. The total consumption indicated a pronounced expansion 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Chocolate Production in Australia and Oceania

In value terms, chocolate production rose markedly to $X in 2022 estimated in export price. The total production indicated noticeable growth 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. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Chocolate Exports

Exports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in overseas shipments of chocolate and other food preparations containing cocoa, when their volume decreased by X% to X tons. Total exports indicated a resilient 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. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate exports soared to $X in 2022. Total exports indicated a remarkable 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. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual 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 chocolate and other food preparations containing cocoa exports, with a CAGR of X% from 2012 to 2022. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price 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, chocolate export price increased by X% against 2019 indices. As a result, the export price attained 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.

Chocolate Imports

Imports in Australia and Oceania

In 2022, imports of chocolate and other food preparations containing cocoa in Australia and Oceania declined sharply to X tons, with a decrease of X% against the year before. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, chocolate imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Australia was the major importer of chocolate and other food preparations containing cocoa in Australia and Oceania, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. New Zealand (X tons) held the second position in the ranking, followed by New Caledonia (X tons) and Fiji (X tons). All these countries together held approx. X% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of chocolate and other food preparations containing cocoa. At the same time, Fiji (X%) and New Caledonia (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.), New Caledonia (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported chocolate and other food preparations containing cocoa in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

In Australia, chocolate imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in New Zealand ($X per ton) and Fiji ($X per ton), while Australia ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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