Australia - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate Price in Australia - 2023
Contents:
- Chocolate Price in Australia (FOB) - 2023
- Chocolate Price in Australia (CIF) - 2023
- Chocolate Exports in Australia
- Chocolate Imports in Australia
Chocolate Price in Australia (FOB) - 2023
The average chocolate export price stood at $5,485 per ton in July 2023, increasing by 12% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 45% m-o-m. As a result, the export price attained the peak level of $5,925 per ton. From September 2022 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($6,226 per ton), while the average price for exports to Malaysia totaled $2,850 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate Price in Australia (CIF) - 2023
In July 2023, the average chocolate import price amounted to $4,602 per ton, surging by 3.8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 27% against the previous month. Over the period under review, average import prices attained the peak figure at $5,590 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Canada ($6,507 per ton), while the price for Malaysia ($3,004 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 Indonesia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Exports in Australia
After three years of growth, overseas shipments of chocolate and other food preparations containing cocoa decreased by -6.8% to 14K tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6%.
In value terms, chocolate exports soared to $77M in 2022. In general, total exports indicated a significant expansion 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, exports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Chocolate in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 21.8 | 28.3 | 35.7 | 59.6 | 39.8% |
| Malaysia | 9.2 | 7.6 | 11.7 | 9.4 | 0.7% |
| China | 2.7 | 3.3 | 3.0 | 2.4 | -3.9% |
| New Zealand | 4.1 | 4.3 | 3.5 | 1.7 | -25.4% |
| South Africa | N/A | N/A | N/A | 1.2 | 0% |
| Pakistan | 4.2 | 3.7 | 3.7 | 0.2 | -63.8% |
| Others | 2.7 | 5.3 | 7.9 | 2.7 | 0.0% |
| Total | 44.7 | 52.5 | 65.4 | 77.2 | 20.0% |
Top Export Markets for Chocolate from Australia in 2022:
- Japan (9.3K tons)
- Malaysia (3.5K tons)
- South Africa (0.3K tons)
- China (0.3K tons)
- New Zealand (0.3K tons)
- Pakistan (0.1K tons)
Chocolate Imports in Australia
Chocolate imports into Australia declined remarkably to 9.6K tons in 2022, with a decrease of -24.3% on 2021. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, chocolate imports fell remarkably to $44M in 2022. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year.
| Import of Chocolate in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 35.4 | 27.0 | 28.6 | 14.3 | -26.1% |
| Belgium | 10.0 | 8.6 | 11.1 | 11.2 | 3.8% |
| Canada | N/A | N/A | 1.9 | 6.8 | 257.9% |
| Malaysia | 0.6 | 1.0 | 1.6 | 2.1 | 51.8% |
| Italy | 0.6 | 0.5 | 1.1 | 1.7 | 41.5% |
| Switzerland | 0.9 | 0.7 | 0.9 | 1.6 | 21.1% |
| New Zealand | 0.1 | 0.2 | 1.3 | 1.4 | 141.0% |
| Indonesia | N/A | N/A | N/A | 0.5 | 0% |
| Others | 4.8 | 4.0 | 5.4 | 3.9 | -6.7% |
| Total | 52.4 | 41.9 | 52.1 | 43.6 | -5.9% |
Top Suppliers of Chocolate to Australia in 2022:
- Singapore (3.9K tons)
- Belgium (1.9K tons)
- Canada (1.1K tons)
- Malaysia (0.7K tons)
- New Zealand (0.5K tons)
- Italy (0.4K tons)
- Switzerland (0.3K tons)
- Indonesia (0.2K tons)
This report provides an in-depth analysis of the chocolate 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 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
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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