Australia - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in Australia - 2023
Contents:
- Chewing Gum Price in Australia (FOB) - 2022
- Chewing Gum Price in Australia (CIF) - 2023
- Chewing Gum Exports in Australia
- Chewing Gum Imports in Australia
Chewing Gum Price in Australia (FOB) - 2022
In 2022, the average chewing gum export price amounted to $6,862 per ton, shrinking by -19.1% against the previous year. Over the period under review, the export price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2019 an increase of 60% against the previous year. As a result, the export price reached the peak level of $9,901 per ton. From 2020 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 Fiji ($12,225 per ton), while the average price for exports to Taiwan (Chinese) ($3,396 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 Fiji (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Chewing Gum Price in Australia (CIF) - 2023
In July 2023, the average chewing gum import price amounted to $7,849 per ton, declining by -10.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 132% m-o-m. As a result, import price attained the peak level of $12,730 per ton. From January 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($13,064 per ton), while the price for Bangladesh ($2,718 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Chewing Gum Exports in Australia
In 2022, chewing gum exports from Australia reduced notably to 784 tons, which is down by -21.7% on 2021 figures. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 79%. As a result, the exports reached the peak of 1K tons, and then contracted remarkably in the following year.
In value terms, chewing gum exports declined sharply to $5.4M in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. As a result, the exports reached the peak of $8.5M, and then shrank markedly in the following year.
| Export of Chewing Gum in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 998 | 1,654 | 4,155 | 2,381 | 33.6% |
| China | 1,711 | 541 | 215 | 478 | -34.6% |
| Solomon Islands | 514 | 195 | 781 | 447 | -4.5% |
| Vietnam | 344 | 225 | 676 | 387 | 4.0% |
| Fiji | 566 | 149 | 620 | 355 | -14.4% |
| Vanuatu | 405 | 419 | 529 | 303 | -9.2% |
| United Arab Emirates | 124 | 639 | 154 | 188 | 14.9% |
| Tonga | 183 | 183 | 276 | 158 | -4.8% |
| Papua New Guinea | 23.6 | 192 | 217 | 125 | 74.3% |
| Hong Kong SAR | 79.2 | 225 | 178 | 102 | 8.8% |
| Samoa | 156 | 113 | 165 | 94.8 | -15.3% |
| Taiwan (Chinese) | 63.9 | 79.4 | 78.4 | 45.0 | -11.0% |
| Others | 607 | 481 | 456 | 318 | -19.4% |
| Total | 5,776 | 5,096 | 8,500 | 5,382 | -2.3% |
Top Export Markets for Chewing Gum from Australia in 2022:
- New Zealand (427.4 tons)
- Vietnam (75.1 tons)
- China (41.9 tons)
- Solomon Islands (41.6 tons)
- Vanuatu (38.0 tons)
- Fiji (29.1 tons)
- United Arab Emirates (24.7 tons)
- Tonga (17.2 tons)
- Papua New Guinea (14.7 tons)
- Taiwan (Chinese) (13.2 tons)
- Hong Kong SAR (13.1 tons)
- Samoa (10.2 tons)
Chewing Gum Imports in Australia
In 2022, chewing gum imports into Australia reduced modestly to 1.2K tons, approximately mirroring 2021 figures. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year.
In value terms, chewing gum imports shrank slightly to $7.2M in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year.
| Import of Chewing Gum in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2,296 | 1,422 | 2,354 | 2,068 | -3.4% |
| United Kingdom | 1,460 | 1,299 | 2,101 | 1,846 | 8.1% |
| China | 3,009 | 335 | 838 | 1,188 | -26.6% |
| United States | 679 | 497 | 688 | 604 | -3.8% |
| Canada | 959 | 67.9 | 68.3 | 310 | -31.4% |
| Spain | 138 | 187 | 208 | 183 | 9.9% |
| Germany | 113 | 104 | 156 | 137 | 6.6% |
| Bangladesh | 2.5 | 11.2 | 137 | 120 | 263.4% |
| Turkey | 120 | 102 | 89.4 | 88.6 | -9.6% |
| Jordan | 30.3 | 51.0 | 50.2 | 44.1 | 13.3% |
| Others | 580 | 493 | 775 | 569 | -0.6% |
| Total | 9,387 | 4,569 | 7,464 | 7,158 | -8.6% |
Top Suppliers of Chewing Gum to Australia in 2022:
- Mexico (362.2 tons)
- United Kingdom (330.7 tons)
- China (165.0 tons)
- Canada (79.0 tons)
- Bangladesh (60.7 tons)
- United States (53.2 tons)
- Spain (35.9 tons)
- Germany (27.7 tons)
- Turkey (17.3 tons)
- Jordan (16.8 tons)
This report provides an in-depth analysis of the chewing gum 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:
- Prodcom 10822310 - Chewing gum
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
-
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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