Sucrose in solid form market in Australia and New Zealand

Earlier Report Observations

The market volume for sucrose in solid form in Australia and New Zealand decreased from 1 310 thousand tons in 2018 to 1 244 thousand tons in 2021, then rose significantly to 1 356 thousand tons in 2022 before a slight reduction to 1 331 thousand tons in 2023.

Exports fell steadily from 149 thousand tons in 2018 to 28 thousand tons in 2023, increasing the amount of product available domestically, while imports remained stable between 31 and 45 thousand tons throughout the period.

In 2024, Mitsubishi Chemical expanded its sugar ester emulsifier production capacity with a new line adding 1 100 tons annually, and Archer Daniels Midland launched a new line of organic sucrose products in response to consumer demand for clean-label sweeteners.

Production sucrose in solid form in Australia and New Zealand

In kind, 2018-2021, K t

Top producers of sucrose in solid form, 2018-2021

World map of production of sucrose in solid form, 2018-2021

Australia and New Zealand's solid sucrose production has declined for the third year in a row. In 2021, production reached 1,325 thousand tonnes, marking a slight 2.5% decrease compared to 2020. Looking at the period from 2018 to 2021, overall production fell by 6.5%, which translates to an average annual decline of 2.2%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, K t

In value, 2018-2021, M $ US

Australia and New Zealand's solid sucrose production value has increased for the second consecutive year. In 2021, the output was valued at 641.3 million US dollars, representing a 5.4% rise from the previous year. The lowest value was recorded in 2019 at 589.5 million US dollars, which also saw the largest decline of 8.9% that year.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, M $ US

Exports sucrose in solid form from Australia and New Zealand

Exports in kind, K t

Cross-border shipments of solid sucrose from Australia and New Zealand have declined for the second year in a row. In 2021, exports amounted to 115.6 thousand tonnes, showing a gradual 5.9% decrease year-over-year. From 2018 to 2021, exports dropped by 22.6%, with an average annual decline of 8.2%. The highest export volume was in 2019 at 149.3 thousand tonnes, while the largest decline occurred in 2020 with a 17.7% drop. In 2019, exports remained stable with no significant change.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, K t

Between 2018 and 2021, Singapore consistently accounted for 71.2% of total exports in volume, highlighting a strong concentration on this market, while the remaining share was distributed among other countries.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, K $ US

After two years of decline, the value of solid sucrose exports from Australia and New Zealand increased in 2021. Exports totaled 55,953 thousand US dollars, up 1.8% from the previous year. However, from 2018 to 2021, overall export value decreased by 17.9%, averaging an annual decline of 6.4%. The lowest value was recorded in 2020 at 54,976 thousand US dollars, which also experienced the largest decline of 14.3% that year.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, three key markets—Singapore, French Polynesia, and Solomon Islands—collectively absorbed 70.0% of the total export value for solid sucrose from Australia and New Zealand.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports sucrose in solid form to Australia and New Zealand

Imports in kind, K t

Imports of solid sucrose into Australia and New Zealand have declined for the second consecutive year. In 2021, imports were approximately 34.3 thousand tonnes, indicating a small 1.6% decrease compared to the previous year. Over the period from 2018 to 2021, imports fell by 20%, with an average annual decline of 7.2%. The highest import volume was in 2019 at 45.1 thousand tonnes, while the largest decline occurred in 2020 with a 22.9% drop. In 2019, imports saw an increase of 5.4%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, K t

Throughout 2018 to 2021, Thailand (46.2% of import volume), Malaysia (29.8% of import volume), and Brazil (2.2% of import volume) were the primary sources for imports in volume, together accounting for 78.2% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, K $ US

In 2021, solid sucrose deliveries to Australia and New Zealand totaled 24,785 thousand US dollars, which is 3.7% higher than the previous year. However, from 2018 to 2021, overall import value decreased by 10.1%, with an average annual decline of 3.5%. The lowest value was recorded in 2020 at 23,900 thousand US dollars, while the highest was in 2019 at 27,612 thousand US dollars. The largest decline occurred in 2020 with a 13.4% drop.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, Thailand (35.0% of import value), Malaysia (22.9% of import value), and the United States (9.7% of import value) were the main markets for imports in value terms, together making up 67.6% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021