Australia and Oceania: Fructose Market 2024

Fructose Market Size in Australia and Oceania

In 2023, the fructose market in Australia and Oceania increased by X% to $X, rising for the second consecutive year after five years of decline. Overall, consumption, however, saw a noticeable decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Fructose Production in Australia and Oceania

In value terms, fructose production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Fructose Exports

Exports in Australia and Oceania

In 2023, overseas shipments of fructose and fructose syrup decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, recorded noticeable growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, fructose exports shrank rapidly to $X in 2023. Overall, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

Australia represented the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by New Zealand (X tons), achieving a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of X%).

In value terms, New Zealand ($X) emerged as the largest fructose supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in New Zealand amounted to X%.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Fructose Imports

Imports in Australia and Oceania

Fructose imports fell to X tons in 2023, almost unchanged from 2022 figures. Total imports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, fructose imports reduced markedly to $X in 2023. Over the period under review, imports, however, showed a prominent 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 2022, and then fell rapidly in the following year.

Imports by Country

In 2023, Australia (X tons) was the main importer of fructose and fructose syrup, making up X% of total imports. New Zealand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Papua New Guinea (X%). Fiji (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of X% from 2012 to 2023. At the same time, Fiji (X%) and New Zealand (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 2012-2023. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of New Zealand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

New Zealand, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform