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Market Overview – Australia

June 2020

Market snapshot

Australia is one of the wealthiest countries in the world. In 2018, its gross domestic product (GDP) was valued at US$1.4 trillion, ranking the country as the thirteenth largest economy in the world.

Australia has a population of 25.6 million. Like many developed nations, Australia has an aging population, with the proportion of the population aged 65 or over reaching 15.9% in 2019. This presents opportunities in the institutional foodservice sector. The median age of the population is at 37 years.

Australia had a gross domestic product (GDP) per capita of US$57,374 in 2018. The country's final consumption expenditure per capita slightly increased from US$31,421.7 in 2017 to US$31,828.4 in 2018.

Australia was Canada's sixteenth trading partner in 2019. Canada was Australia's fourteenth largest supplier of agrifood and seafood products. Both countries are parties to the CPTPP which is expected to increase trade between the two countries.

In 2019, Australia's processed food imports from the world were valued at US$10.7 billion with imports from Canada valued at US$101.0 million and representing a 0.9% share. Food retail sales were valued at US$57.1 billion in 2019 and are anticipated to reach US$57.9 billion in 2023.

Foodservice sales grew by a compound annual growth rate (CAGR) of 2.1% from 2015 to 2019. This rate is expected to slow down over the 2020-2023 period as the anticipated growth is 1.8%.

The health and wellness sector grew by a CAGR of 3.1% during the 2015-2019 period and is expected to decrease to a rate of 0.3% for the 2020-2023 period.

Production

Australia's agricultural output is heavily influenced by seasonal conditions. Considerable rainfall in particular year has resulted in exceptional crop production while drought has been a key factor in decrease of production during some years.

Sugar caneFootnote 1 is the most produced crop in Australia. Its production has increased by a CAGR of 2.4%. However, chick peas is the crop whose production substantially increased as its CAGR indicate. Conversely, production of wheat and oats decreased while the production of barley, potatoes and rapeseed stagnated.

Production of meat stagnated during over the 2014-2018 period. While production of chicken increased by a CAGR of 2.0%, the CAGR of cattle meat production decreased by 3.8% during the 2014-2018 period. During this same period, livestock production generally decreased, except for the number of pigs which increased by a CAGR of 2.0%.

Top ten crops produced in Australia, 2014-2018
Crops (tonnes) 2014 2015 2016 2017 2018 CAGR* % 2014-2018
Sugar cane 30,517,650 32,379,153 34,403,004 36,561,497 33,506,830 2.4
Wheat 25,303,037 23,742,560 22,274,514 31,818,744 20,941,134 −4.6
Barley 9,174,417 8,646,321 8,992,274 13,505,990 9,253,852 0.2
Rapeseed 3,832,049 3,540,021 2,775,479 4,313,230 3,893,071 0.4
Seed cotton 2,136,700 1,274,100 1,518,678 2,150,961 2,500,000 4.0
Grapes 1,557,362 1,728,759 1,772,911 1,824,431 1,663,557 1.7
Cottonseed 1,251,600 746,000 889,590 1,260,000 1,414,000 3.1
Oats 1,254,659 1,198,006 1,299,680 2,265,503 1,227,837 −0.5
Potatoes 1,171,259 1,154,503 1,130,175 1,105,194 1,188,655 0.4
Chick peas 629,400 555,400 874,593 2,004,000 998,231 12.2

Source: FAOSTAT, 2020

*CAGR: Compound Annual Growth Rate

Meat produced in Australia, 2014-2018
Top meat (tonnes) 2014 2015 2016 2017 2018 CAGR* % 2014-2018
Cattle 2,595,149 2,661,640 2,315,994 2,048,517 2,219,103 −3.8
Chicken 1,103,069 1,115,543 1,191,322 1,229,505 1,193,467 2.0
Sheep 720,600 721,053 712,525 669,604 735,009 0.5
Pig 362,192 371,163 377,643 397,139 417,426 3.6

Source: FAOSTAT, 2020

*CAGR: Compound Annual Growth Rate

Top livestock production in Australia, 2014-2018
Livestock (head) 2014 2015 2016 2017 2018 CAGR* % 2014-2018
Sheep 72,612,000 70,909,812 67,543,092 72,125,334 70,067,316 −1
Cattle 29,103,000 27,412,872 24,971,349 26,175,521 26,395,734 −2
Goats 3,570,000 3,600,000 3,650,000 3,600,000 3,631,828 0
Pigs 2,308,000 2,272,164 2,294,245 2,485,699 2,534,030 2

Source: FAOSTAT, 2020

*CAGR: Compound Annual Growth Rate

Trade

Australia is a net exporter of agri-food and seafood products. In 2019, Australia's agri-food and seafood trade surplus was US$17.9 billion with exports valued at US$34.5 billion and imports of US$16.6 billion.

Food preparations, cigarettes, frozen meat of swine and bakery goods were the top agri-food and seafood products imported by Australia in 2019. Key supplying countries included New Zealand, the United States, China, Thailand and Italy.

In 2019, Canada's agri-food and seafood product exports to Australia were valued at US$291.4 million. The top three commodities that Canada exported to Australia were wheat and meslin, frozen meat of swine and maple sugar & maple syrup.

Australia's top agri-food and seafood imports from the world, 2019
HS6 code Commodity Import value (US$ millions) Top suppliers and market share % Canada's share (%)
1.0 2.0 3.0
210690 Food preparations, n.e.s.[1] 1,491.8 Singapore: 26.9 New Zealand: 23.7 United Sates: 10.8 0.5
240220 Cigarettes, containing tobacco 649.2 New Zealand: 45.6 Indonesia: 32.3 Singapore: 7.9 0.0
020329 Frozen meat of swine 589.4 United States: 45.3 Denmark: 30.1 Netherlands: 14.8 4.4
190590 Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; 524.3 New Zealand: 13.8 United Kingdom: 10.4 Thailand: 8.3 3.4
230400 Oilcake and other solid residues, resulting from the extraction of soya-bean oil 360.9 Argentina: 99.2 China: 0.5 United States: 0.2 0.0
220300 Beer made from malt 359.4 Mexico: 49.4 Netherlands: 7.9 Italy: 7.7 0.3
040690 Cheese (excluding fresh cheese) 357.5 New Zealand: 41.3 Italy: 10.6 United stated: 8.9 0.0
220830 Whiskies 352.5 United Kingdom: 56.9 United States: 28.3 Ireland: 5.3 4.6
210390 Preparations for sauces and prepared sauces; mixed condiments and seasonings 329.4 Thailand: 17.1 New Zealand: 14.2 United States: 13.3 0.1
220421 Wine of fresh grapes, in containers of <= 2 L (excluding sparkling wine) 328.7 New Zealand: 51.9 France: 23.5 Italy: 12.1 0.0

Source: Global Trade Tracker, 2020

1: not elsewhere specified

Export

Various types of meat, wheat and meslin, wool and wine of grapes were among the top agri-food and seafood products exported by Australia in 2019. The top countries Australia exported to were the United States, China, Japan and the South Korea.

In 2019, Australia agri-food and seafood product exports to Canada were valued at US$363.9 million. The top three commodities that Australia exported to Canada were wine of fresh grapes, cuts of sheep and meat of bovine animals.

Australia's top agri-food and seafood exports to the world, 2019
HS6 code Commodity Import value (US$ millions) Top suppliers and market share % Canada's share %
1.0 2.0 3.0
020230 Frozen, boneless meat of bovine animals 4,403.6 China: 31.7 United States: 22 Japan: 15.7 1.3
020130 Fresh or chilled bovine meat, boneless 2,604.1 Japan: 35.9 United States: 21.3 Korea (Republic of): 11.2 0.5
100199 Wheat and meslin (excluding seed for sowing, and durum wheat) 2,482.1 Philippines: 18.4 Korea (Republic of): 11.4 Japan: 9.8 0.0
510111 Greasy shorn wool, incl. fleece-washed wool, neither carded nor combed 2,059.9 China: 81.93 India: 5.7 Italy: 5.6 0.0
220421 Wine of fresh grapes, in containers of <= 2 L (excluding sparkling wine) 1,635.4 China: 44.6 United States: 15.4 Canada: 6.3 6.3
020442 Frozen cuts of sheep, with bone in (excluding carcases and half-carcases) 1,385.2 China: 50.5 United States: 14.1 Malaysia: 7.5 1.1
520100 Cotton, neither carded nor combed 1,082.7 China: 71.2 Viet-Nam: 7.3 Indonesia: 6.9 0.0
010229 Live cattle (excluding pure-bred for breeding) 1,023.0 Indonesia: 45.8 Viet-Nam: 37.7 China: 6.4 0.0
210690 Food preparations, n.e.s.[1] 807.3 China: 50.1 Hong Kong: 14.3 New Zealand: 12.3 0.2
100390 Barley (excluding seed for sowing) 733.9 China: 56.9 Japan: 19.5 Thailand 11.6 0.0

Source: Global Trade Tracker, 2020

1: not elsewhere specified

Retail sales

Australia is the 16th largest food market in the world. Food retail sales were valued at US$51.7 billion, with a CAGR of 4.8% over the 2016-2019 period. The meat (US$15.4 billion) and the bakery/cereals (US$ 8.5 billion) categories had the largest retail sales value in 2019. These categories had a CAGR of 4.5% and 5.3% respectively for the 2016-2019 period. The categories that registered the highest CAGR growth during the 2016-2019 were meat substitutes and prepared meals with a CAGR of 6.9% and 6.7%, respectively.

A growth in retail food sales is expected at a CAGR of 2.9% over the 2020-2023 period. By 2023, retail sales are expected to reach US$57.9 billion with meat and bakery & cereals expected to remain the dominant categories. Prepared meals are expected to register the highest CAGR (5.0%) followed by meat substitutes, syrups/spreads and savory/deli foods, all expected to register a CAGR of 4.9% each.

According the Australian Bureau of Statistics, the influx of migrants plays a major role in the country's population growth. This will drive the demand for ethnically diverse products and ingredients in the Australian food market.

Food retail sales in Australia, in US$ millions, historic and forecast
Sector 2016 2019 CAGR % 2016-2019 2020 2023 CAGR* % 2020-2023
Bakery and cereals 7,313.6 8,539.8 5.3 8,812.0 9,769.6 3.5
Confectionery 3,432.7 3,775.5 3.2 3,809.8 3,950.4 1.2
Dairy and soy food 7,125.0 8,343.9 5.4 8,629.6 9,613.2 3.7
Fish and seafood 2,383.9 2,639.6 3.5 2,680.5 2,786.4 1.3
Ice cream 1,607.5 1,835.3 4.5 1,888.6 2,087.4 3.4
Meat 13,514.6 15,400.3 4.5 15,747.9 16,703.7 2.0
Meat substitutes 37.0 45.2 6.9 47.3 54.7 4.9
Oils and fats 1,504.6 1,627.8 2.7 1,671.0 1,807.0 2.6
Other canned food 509.9 578.1 4.3 591.9 638.7 2.6
Other dried food 124.9 140.5 4.0 143.3 151.6 1.9
Other frozen food 718.2 842.5 5.5 872.1 987.1 4.2
Pasta and noodles 633.6 757.3 6.1 790.7 904.9 4.6
Prepared meals 1,014.4 1,231.0 6.7 1,287.1 1,488.7 5.0
Savory and deli foods 1,276.4 1,524.4 6.1 1,588.9 1,831.8 4.9
Savory snacks 895.0 1,016.2 4.3 1,035.3 1,086.5 1.6
Seasonings, dressings and sauces 2,036.4 2,413.5 5.8 2,506.3 2,849.4 4.4
Soups 360.9 401.4 3.6 409.3 437.3 2.2
Syrups and spreads 540.4 655.2 6.6 685.8 792.6 4.9
Grand -Food retail sales 45,029.0 51,767.7 4.8 53,197.6 57,941.3 2.9

Source: Global Data, 2020

*CAGR: Compound Annual Growth Rate

Health and wellness food products

The health and wellness sector grew by a CAGR of 2.8% from 2016 to 2019 and is expected to grow by a CAGR of 1% over the 2020-2023 period. Functional/fortified products and food minus foods showed the largest growth in the 2016-2019 period. Functional/fortified products will continue to lead the way over the 2020-2023 period.

Health and wellness food product retail sales in Australia, in US$ millions, historic and forecast
Product Attribute Category 2016 2019 CAGR* % 2016-2019 2020 2023 CAGR* % 2020-2023
Food intolerance (FI) 1,882.0 1,998.8 2.0 2,076.1 2,341.8 3.1
Food minus 3,873.3 4,377.1 4.2 4,513.2 4,942.5 2.3
Free from 1,467.2 1,639.7 3.8 1,697.8 1,880.4 2.6
Functional and fortified (FF) 165.9 190.6 4.8 200.3 236.8 4.3
Naturally healthy (NH) 3,167.1 3,416.7 2.6 3,503.2 3,235.3 −2.0
Unspecified 33,083.0 35,742.2 2.6 36,825.6 38,153.5 0.9
Total - Health and wellness 43,638.4 47,365.1 2.8 48,816.2 50,790.4 1.0

Source: Global Data, 2020

*CAGR: Compound Annual Growth Rate

Foodservice profile

In 2019, the Australian restaurant food service sector was dominated by the quick service restaurant & fast food channels with sales valued at US$4.8 billion. This represents 33.7% of the share, followed by full service restaurants valued at US$4.2 billion (29.8%).

The majority of revenue in all restaurant channels is attributable to independent operators and dine-in transactions. In 2019, full service restaurants dominated independent operators' revenues, whereas chain operators generated the majority of their revenue from the quick service restaurant & fast food channels. Chain operators' revenues are expected to grow at a CAGR of 2.3% and reach US$24.8 billion in 2020. Independent operators are forecast to see a CAGR of 2.2% and revenues of US$36.6 billion by 2023. The majority of dine-in transactions took place in full service restaurants while quick service restaurant & fast food dominated in terms of transaction volume in the take-away sector. Growth for both dine-in and take-away transactions are expected to continue at a CAGR of 1.8% and 3.7%; to reach US$47.9 billion and US$15.5 billion, respectively in 2023.

Consumer foodservice sales in Australia, in US$ millions, historic and forecast
Outlet Outlet type 2016 2019 CAGR* % 2016-2019 2020 2023 CAGR* % 2020-2023
Accommodation Bed and breakfast 6.0 6.4 2.3 6.6 7.0 2.1
Caravan park 1.5 1.6 2.7 1.6 1.7 2.4
Guest house 20.6 22.5 3.1 23.2 25.2 2.9
Holiday park 44.9 48.6 2.7 49.8 53.4 2.3
Hostel 21.6 23.6 3.0 24.3 26.3 2.7
Hotel and motel 527.7 565.5 2.3 577.6 613.6 2.0
Others 10.2 11.1 2.9 11.4 12.3 2.6
Leisure Entertainment 478.3 506.7 1.9 517.6 554.1 2.3
Venue 180.8 190.9 1.8 194.6 206.6 2.0
Visitor attraction 52.8 55.9 1.9 57.0 60.8 2.2
Mobile operator Other mobile operators 3.0 3.1 1.9 3.2 3.3 1.6
Vans 10.9 11.5 1.8 11.7 12.3 1.6
Pub, club and bar Nightclub 127.7 134.9 1.8 136.6 140.1 0.8
Private member and social club 256.2 270.3 1.8 273.9 281.0 0.9
Pub and bar 1,583.2 1,678.0 2.0 1,701.6 1,748.2 0.9
Restaurant Coffee and tea shop 696.3 746.2 2.3 763.4 820.0 2.4
Full service restaurant 3,991.2 4,276.4 2.3 4,365.8 4,625.6 1.9
Ice cream parlour 77.7 80.9 1.3 82.0 85.3 1.3
Quick service restaurant and fast food 4,578.3 4,843.7 1.9 4,929.5 5,211.4 1.9
Retail Baker 92.6 97.4 1.7 99.0 104.0 1.7
Convenience store 24.0 25.7 2.3 26.3 28.3 2.4
Delicatessen 2.6 2.7 1.5 2.7 2.9 1.6
Department store 1.6 1.7 1.6 1.7 1.8 1.6
Garden and home improvement centres 4.5 4.8 1.8 4.9 5.1 1.8
Other retail 4.1 4.3 1.7 4.3 4.6 1.7
Service station forecourt 180.8 193.4 2.3 197.7 211.6 2.3
Supermarket and hypermarket 90.1 94.4 1.6 95.8 100.3 1.6
Travel Air 85.0 90.1 2.0 91.9 97.9 2.1
Coach 4.9 5.2 2.1 5.3 5.7 2.3
Rail 72.1 76.5 2.0 78.0 83.2 2.2
Sea 2.6 2.7 1.9 2.8 3.0 2.2
Workplace Government department and local authority 66.1 70.0 2.0 71.4 75.7 2.0
Industrial 127.6 135.1 1.9 137.7 145.8 1.9
Retail, financial and office based 83.3 88.1 1.9 89.7 94.9 1.9
Total - Consumer foodservice sales 13,510.6 14,370.0 2.1 14,640.7 15,453.0 1.8

Source:Global Data, 2020

*CAGR: Compound Annual Growth Rate

Dine-in transactions sales in Australia, in US$ millions, historic and forecast
Outlet Outlet type 2016 2019 CAGR* % 2016-2019 2020 2023 CAGR* % 2020-2023
Accommodation Bed and breakfast 18.5 19.6 1.9 19.9 21.0 1.8
Caravan park 4.9 5.0 1.0 5.1 5.2 0.7
Guest house 66.2 71.5 2.6 73.4 78.8 2.4
Holiday park 159.2 169.9 2.2 173.4 185.3 2.2
Hostel 63.0 67.2 2.2 68.6 73.2 2.2
Hotel and motel 2,087.9 2,213.9 2.0 2,255.9 2,395.8 2.0
Others 36.8 39.2 2.1 40.0 42.6 2.1
Leisure Entertainment 1,307.2 1,396.0 2.2 1,425.7 1,517.8 2.1
Venue 552.6 591.0 2.3 603.8 647.5 2.4
Visitor attraction 189.5 204.6 2.6 209.6 226.1 2.6
Pub, club and bar Nightclub 753.9 799.6 2.0 814.8 865.3 2.0
Private member and social club 1,311.7 1,399.3 2.2 1,428.6 1,525.4 2.2
Pub and bar 8,192.7 8,715.7 2.1 8,890.3 9,473.5 2.1
Restaurant Coffee and tea shop 2,108.1 2,239.3 2.0 2,283.0 2,428.2 2.1
Full service restaurant 13,258.1 14,187.2 2.3 14,504.2 15,566.7 2.4
Ice cream parlour 141.1 148.9 1.8 151.5 159.6 1.8
Quick service restaurant and fast food 10,374.3 10,401.3 0.1 10,405.8 10,515.5 0.4
Retail Baker 244.7 263.7 2.5 270.1 291.3 2.5
Convenience store 14.1 14.9 1.9 15.2 16.1 1.8
Delicatessen 8.4 9.0 2.2 9.2 9.8 2.2
Department store 5.5 5.9 2.5 6.1 6.6 2.8
Garden and home improvement centres 15.4 16.6 2.5 17.0 18.5 2.9
Other retail 10.0 10.4 1.5 10.6 10.8 0.9
Service station forecourt 38.6 41.2 2.3 42.1 45.1 2.3
Supermarket and hypermarket 261.9 277.1 1.9 282.2 298.7 1.9
Travel Air 333.9 356.2 2.2 363.6 388.5 2.2
Coach 16.3 17.5 2.3 17.9 19.1 2.3
Rail 302.0 323.6 2.3 330.9 354.4 2.3
Sea 9.7 10.3 2.0 10.5 11.1 1.8
Workplace Government department and local authority 159.0 165.9 1.4 167.9 171.5 0.7
Industrial 314.4 335.1 2.1 342.0 364.9 2.2
Retail, financial and office based 201.6 211.3 1.6 214.3 221.9 1.2
Total - Dine-in 42,561.1 44,727.8 1.7 45,453.2 47,955.8 1.8

Source:Global Data, 2020

*CAGR: Compound Annual Growth Rate

Independent operators revenues in Australia by outlet, in US$ millions, historic and forecast
Outlet Outlet type 2016 2019 CAGR* % 2016-2019 2020 2023 CAGR* % 2020-2023
Accommodation Bed and breakfast 18.7 19.8 1.9 20.1 21.2 1.8
Caravan park 4.9 5.0 1.0 5.1 5.2 0.7
Guest house 66.8 72.2 2.6 74.1 79.6 2.4
Holiday park 89.3 95.2 2.2 97.2 103.7 2.2
Hostel 54.8 58.4 2.2 59.6 63.6 2.2
Hotel and motel 437.8 462.6 1.9 470.9 498.7 1.9
Others 36.8 39.2 2.1 40.0 42.7 2.1
Leisure Entertainment 337.8 360.0 2.1 367.4 391.5 2.1
Venue 122.8 131.2 2.2 134.0 143.6 2.3
Visitor attraction 60.9 65.7 2.5 67.3 72.5 2.5
Mobile operator Other mobile operators 11.5 12.3 2.2 12.6 13.4 2.2
Vans 37.4 39.8 2.1 40.6 43.2 2.1
Pub, club and bar Nightclub 753.9 799.6 2.0 814.8 865.3 2.0
Private member and social club 949.0 1,012.1 2.2 1,033.1 1,102.9 2.2
Pub and bar 7,766.8 8,262.1 2.1 8,427.5 8,979.9 2.1
Restaurant Coffee and tea shop 1,271.6 1,348.0 2.0 1,373.5 1,458.2 2.0
Full service restaurant 11,903.8 12,765.2 2.4 13,060.6 14,040.7 2.4
Ice cream parlour 77.2 81.3 1.8 82.7 87.2 1.8
Quick service restaurant and fast food 7,154.5 7,586.9 2.0 7,732.4 8,214.3 2.0
Retail Baker 199.4 215.0 2.5 220.2 237.6 2.6
Convenience store 32.9 34.9 2.0 35.5 37.7 2.0
Delicatessen 11.9 12.7 2.2 13.0 13.9 2.2
Department store 1.0 1.0 2.3 1.1 1.1 2.6
Garden and home improvement centres 14.2 15.3 2.5 15.7 17.0 2.8
Other retail 14.6 15.3 1.5 15.5 16.0 1.0
Service station forecourt 59.5 63.5 2.2 64.9 69.3 2.2
Supermarket and hypermarket 34.0 35.9 1.8 36.5 38.5 1.8
Total - Independent operators 31,523.9 33,610.1 2.2 34,316.0 36,658.7 2.2

Source:Global Data, 2020

*CAGR: Compound Annual Growth Rate

Chain operators revenues in Australia by outlet, in US$ millions, historic and forecast
Outlet Outlet type 2016 2019 CAGR* % 2016-2019 2020 2023 CAGR* % 2020-2023
Accommodation Holiday park 71.0 75.9 2.2 77.5 82.9 2.3
Hostel 8.8 9.4 2.3 9.7 10.3 2.3
Hotel and motel 1,664.7 1,766.8 2.0 1,800.8 1,914.0 2.1
Leisure Entertainment 974.6 1,041.6 2.2 1,063.9 1,132.3 2.1
Venue 431.3 461.5 2.3 471.6 505.8 2.4
Visitor attraction 129.7 140.0 2.6 143.5 154.9 2.6
Pub, club and bar Private member and social club 362.7 387.3 2.2 395.5 422.5 2.2
Pub and bar 557.0 593.4 2.1 605.5 646.0 2.2
Restaurant Coffee and tea Shop 1,238.7 1,321.7 2.2 1,349.3 1,440.9 2.2
Full service restaurant 1,859.0 2,009.7 2.6 2,059.9 2,226.6 2.6
Ice cream parlour 151.5 160.5 1.9 163.5 172.8 1.9
Quick service restaurant and Fast food 12,624.8 13,536.9 2.4 13,840.0 14,843.9 2.4
Retail Baker 185.9 201.3 2.7 206.6 223.7 2.7
Convenience store 53.0 56.2 2.0 57.3 60.6 1.9
Department store 4.6 4.9 2.5 5.1 5.5 2.8
Garden and home improvement centres 1.5 1.6 2.7 1.6 1.8 3.5
Service station forecourt 557.2 597.0 2.3 610.4 654.3 2.3
Supermarket and hypermarket 264.4 279.9 1.9 285.1 302.0 1.9
Total - Chain operators 21,140.3 22,645.6 2.3 23,146.8 24,800.8 2.3

Source:Global Data, 2020

*CAGR: Compound Annual Growth Rate

Opportunities for Canada

Australia was Canada's sixteenth trading partner in 2019. Additionally, Canada was Australia's fourtheenth largest supplier of agrifood and seafood products in 2019, representing 1.7% market share.

CPTPP entered into force for Canada and Australia on December 30th, 2018. Canada's exports of agrifood and seafood products to Australia were valued at US$291.4 million in 2019, compared to US$142.6 million in 2018, a growth change of 104%.

The CPTPP provides Canada with greater market access to CPTPP countries with the same level of tariffs as major regional competitors like Australia. To obtain more information on key facts and figures regarding Canada-Australian trade opportunities under this agreement see CPTPP partner: Australia.

The CPTPP will establish duty-free access for trade in goods between Canada and Australia, eliminating tariffs of 5% upon entry into force for key Canadian agricultural product exports, including the following commodities:

The CPTPP also represents good opportunities for the Australian demand for premium, quality and innovative products. In addition, Canadian seafood exports have doubled over the past five years. Furthermore, Australia's harvest of wheat has been significantly reduced due to drought which presents a great opportunity for Canadian wheat producers to export their products to Australia.

The CPTPP Agreement, along with the Canada-United States-Mexico agreement (CUSMA) and other free trade agreements with the European Union (CETA), will make Canada the only G7 nation with free trade access to the Americas, Europe and the Asia-Pacific region. All Canadian provinces and territories are expected to benefit from the CPTPP.

For more information

International Trade Commissioners can provide Canadian industry with on-the-ground expertise regarding market potential, current conditions and local business contacts, and are an excellent point of contact for export advice.

For additional intelligence on this and other markets, the complete library of Global Analysis reports can be accessed through the International agri-food market intelligence page.

For additional information on Food and Hotel Asia 2020, please contact:

Ben Berry, Deputy Director
Trade Show Strategy and Delivery
Agriculture and agri-food Canada
ben.berry@canada.ca

Resources

Market Overview – Australia
Global Analysis Report

Prepared by: Saidouba Camara

© Her Majesty the Queen in Right of Canada, represented by the Minister of Agriculture and Agri-Food (2020).

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