Australia: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Australia

The Australian market for crispbread, rusks and toasted bread rose markedly to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Crispbread, Rusks and Toasted Bread in Australia

In value terms, crispbread, rusk and toasted bread production expanded notably to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Australia

In 2023, shipments abroad of crispbread, rusks and toasted bread increased by X% to X tons for the first time since 2017, thus ending a five-year declining trend. Overall, exports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, crispbread, rusk and toasted bread exports surged to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for crispbread, rusk and toasted bread exports from Australia, with a X% share of total exports. Moreover, crispbread, rusk and toasted bread exports to New Zealand exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was held by Saudi Arabia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Saudi Arabia (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Australia, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price recorded a noticeable slump. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average 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.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Australia

In 2023, purchases abroad of crispbread, rusks and toasted bread decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread imports declined significantly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the UK (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Australia, accounting for a X% share of total imports. Moreover, crispbread, rusk and toasted bread imports from the UK exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, the largest crispbread, rusk and toasted bread suppliers to Australia were the UK ($X), Italy ($X) and India ($X), together accounting for X% of total imports. New Zealand, Romania, South Africa, Pakistan, Greece, Bulgaria, Canada, China, the Netherlands and Thailand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for crispbread, rusks and toasted bread amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform