Australia and Oceania: Grain Market 2024

Grain Market Size in Australia and Oceania

The grain market in Australia and Oceania shrank to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Grain Production in Australia and Oceania

In value terms, grain production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The country with the largest volume of grain production was Australia (X tons), accounting for X% of total volume. It was followed by New Zealand (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia totaled X%.

In 2022, the average grain yield in Australia and Oceania expanded significantly to X tons per ha, surging by X% against 2021. The yield indicated a tangible increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain yield increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. Over the period under review, the grain yield attained the peak level in 2022 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereal grains were harvested in Australia and Oceania; waning by X% against the previous year's figure. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then contracted in the following year.

Grain Exports

Exports in Australia and Oceania

In 2022, shipments abroad of cereal grains increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports posted a tangible expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, grain exports soared to $X in 2022. Overall, exports enjoyed a tangible increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Australia (X tons), together accounting for X% of total export.

Australia was also the fastest-growing in terms of the cereal grains exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest grain supplier in Australia and Oceania.

In Australia, grain exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Grain Imports

Imports in Australia and Oceania

In 2022, after two years of decline, there was growth in overseas purchases of cereal grains, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, grain imports surged to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

New Zealand represented the main importing country with an import of around X tons, which resulted at X% of total imports. Papua New Guinea (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (X%). The following importers - New Caledonia (X tons) and Solomon Islands (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to grain imports into New Zealand stood at X%. At the same time, Solomon Islands (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Caledonia experienced a relatively flat trend pattern. By contrast, Fiji (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 Fiji saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported cereal grains in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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