Australia and Oceania: Canned Food Market 2024

Canned Food Market Size in Australia and Oceania

In 2023, the canned food market in Australia and Oceania decreased by X% to $X, falling for the second year in a row after seven years of growth. In general, consumption saw buoyant growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Canned Food Production in Australia and Oceania

In value terms, canned food production shrank to $X in 2023 estimated in export price. Overall, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Canned Food Exports

Exports in Australia and Oceania

In 2023, approx. X tons of canned food were exported in Australia and Oceania; waning by X% compared with the year before. Total exports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, canned food exports shrank to $X in 2023. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, New Zealand (X tons) was the key exporter of canned food, comprising X% of total exports. It was distantly followed by Australia (X tons), making up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Australia (with a CAGR of X%).

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

In New Zealand, canned food exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2023: its price 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, canned food export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

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

Canned Food Imports

Imports in Australia and Oceania

In 2023, imports of canned food in Australia and Oceania shrank to X tons, which is down by X% against the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, canned food imports shrank to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Australia was the main importer of canned food in Australia and Oceania, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by New Zealand (X tons), achieving a X% share of total imports. The following importers - Papua New Guinea (X tons), New Caledonia (X tons) and French Polynesia (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to canned food imports into Australia stood at X%. At the same time, Papua New Guinea (X%) and French Polynesia (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. New Zealand experienced a relatively flat trend pattern. By contrast, New Caledonia (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, canned food import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2023.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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