Australia and Oceania: Sugar Cane Market 2024

Sugar Cane Market Size in Australia and Oceania

The sugar cane market in Australia and Oceania shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a modest increase. The level of consumption peaked at $X.5B in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sugar Cane Production in Australia and Oceania

In value terms, sugar cane production surged to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X,438%. As a result, production attained the peak level of $X.9B. From 2014 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of sugar cane production was Australia (X tons), accounting for X% of total volume. Moreover, sugar cane production in Australia exceeded the figures recorded by the second-largest producer, Fiji (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Australia was relatively modest.

The average sugar cane yield contracted slightly to X tons per ha in 2022, which is down by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the sugar cane yield reached the maximum level at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar cane were harvested in Australia and Oceania; waning by X% compared with 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The level of harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Sugar Cane Exports

Exports in Australia and Oceania

In 2022, shipments abroad of sugar cane decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a mild expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar cane exports reduced markedly to $X in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Fiji represented the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Australia (X kg), generating a X% share of total exports.

From 2013 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%).

In value terms, Australia ($X) remains the largest sugar cane supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Fiji ($X), with a X% share of total exports.

In Australia, sugar cane exports plunged by an average annual rate of X% over the period from 2013-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%).

Sugar Cane Imports

Imports in Australia and Oceania

Sugar cane imports shrank dramatically to X tons in 2022, declining by X% against the year before. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugar cane imports amounted to $X in 2022. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Australia was the key importer of sugar cane 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 New Zealand (X tons), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sugar cane imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported sugar cane in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. In general, the import price posted a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

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