Australia - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMargarine and Shortening Price in Australia - 2023
Contents:
- Margarine and Shortening Price in Australia (FOB) - 2022
- Margarine and Shortening Price in Australia (CIF) - 2022
- Margarine and Shortening Exports in Australia
- Margarine and Shortening Imports in Australia
Margarine and Shortening Price in Australia (FOB) - 2022
The average margarine and shortening export price stood at $3,469 per ton in 2022, with an increase of 4.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 33%. Over the period under review, the average export prices hit record highs at $3,667 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($7,859 per ton), while the average price for exports to the Dominican Republic ($2,143 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 New Zealand (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Margarine and Shortening Price in Australia (CIF) - 2022
The average margarine and shortening import price stood at $2,192 per ton in 2022, increasing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($2,416 per ton) and the United States ($2,414 per ton), while the price for Indonesia ($1,810 per ton) and Malaysia ($2,199 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Margarine and Shortening Exports in Australia
In 2022, shipments abroad of margarine and shortening increased by 5.8% to 29K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, margarine and shortening exports rose sharply to $100M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Margarine and Shortening in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 34.3 | 30.7 | 24.7 | 23.6 | -11.7% |
Indonesia | 5.7 | 6.4 | 9.5 | 9.7 | 19.4% |
Dominican Republic | 3.0 | 3.4 | 4.3 | 6.8 | 31.4% |
Saudi Arabia | 1.0 | 1.1 | 2.1 | 6.2 | 83.7% |
Fiji | 3.7 | 4.4 | 4.8 | 5.6 | 14.8% |
Vietnam | 4.1 | 3.1 | 5.7 | 5.5 | 10.3% |
Papua New Guinea | 3.5 | 3.7 | 3.9 | 5.1 | 13.4% |
Mauritius | 2.7 | 3.3 | 3.0 | 4.5 | 18.6% |
United Arab Emirates | 0.7 | 0.9 | 0.6 | 4.0 | 78.8% |
Hong Kong SAR | 3.0 | 2.3 | 2.7 | 2.9 | -1.1% |
Philippines | 2.7 | 2.5 | 3.4 | 2.6 | -1.3% |
New Caledonia | 2.8 | 2.9 | 3.5 | 2.4 | -5.0% |
Malaysia | 2.3 | 1.9 | 1.5 | 1.5 | -13.3% |
Others | 22.9 | 24.2 | 21.2 | 19.5 | -5.2% |
Total | 92.6 | 90.8 | 90.8 | 100 | 2.6% |
Top Export Markets for Margarine and Shortening from Australia in 2022:
- New Zealand (4.1K tons)
- Dominican Republic (3.2K tons)
- Saudi Arabia (2.6K tons)
- Fiji (2.5K tons)
- Papua New Guinea (2.3K tons)
- Mauritius (1.9K tons)
- Vietnam (1.8K tons)
- United Arab Emirates (1.5K tons)
- Indonesia (1.2K tons)
- Hong Kong SAR (1.2K tons)
- New Caledonia (0.6K tons)
- Philippines (0.5K tons)
- Malaysia (0.5K tons)
Margarine and Shortening Imports in Australia
Margarine and shortening imports into Australia expanded to 30K tons in 2022, picking up by 4.1% against the previous year's figure. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, margarine and shortening imports skyrocketed to $66M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Margarine and Shortening in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 25.5 | 25.0 | 38.0 | 48.6 | 24.0% |
Indonesia | 0.3 | 2.2 | 3.2 | 5.2 | 158.8% |
Singapore | 2.0 | 4.1 | 4.4 | 3.0 | 14.5% |
New Zealand | 1.8 | 2.0 | 2.8 | 2.2 | 6.9% |
Germany | N/A | 0.3 | 1.0 | 1.4 | 116.0% |
United States | 3.2 | 4.3 | 0.2 | 1.2 | -27.9% |
Netherlands | 3.1 | 2.6 | 0.3 | 0.3 | -54.1% |
Others | 2.0 | 2.2 | 2.7 | 3.6 | 21.6% |
Total | 38.0 | 42.8 | 52.6 | 65.6 | 20.0% |
Top Suppliers of Margarine and Shortening to Australia in 2022:
- Malaysia (22.1K tons)
- Indonesia (2.9K tons)
- Singapore (1.2K tons)
- New Zealand (0.9K tons)
- Germany (0.6K tons)
- United States (0.5K tons)
- Netherlands (0.1K tons)
This report provides an in-depth analysis of the margarine and shortening market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1242 - Margarine and Shortening
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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