Australia: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Australia

The Australian non-wheat groats market fell modestly to $X in 2022, waning by X% against the previous year. In general, consumption saw a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Non-Wheat Groats Production in Australia

In value terms, non-wheat groats production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Non-Wheat Groats Exports

Exports from Australia

In 2022, after two years of growth, there was significant decline in shipments abroad of groats and meal of cereals (excluding wheat), when their volume decreased by X% to X tons. In general, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, non-wheat groats exports plummeted to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons), Papua New Guinea (X tons) and Japan (X tons) were the main destinations of non-wheat groats exports from Australia, together accounting for X% of total exports.

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

In value terms, Papua New Guinea ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from Australia, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Japan (X% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated a notable expansion 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, non-wheat groats export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Australia

Non-wheat groats imports into Australia rose to X tons in 2022, picking up by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-wheat groats imports soared to $X in 2022. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Brazil (X tons) and South Africa (X tons) were the main suppliers of non-wheat groats imports to Australia, with a combined X% share of total imports.

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

In value terms, the largest non-wheat groats suppliers to Australia were Italy ($X), Brazil ($X) and South Africa ($X), together accounting for X% of total imports.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 non-wheat groats import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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