{"id":1424,"date":"2014-02-16T20:05:00","date_gmt":"2014-02-16T09:05:00","guid":{"rendered":"http:\/\/blog.panicola.com\/?p=1424"},"modified":"2014-02-16T20:06:05","modified_gmt":"2014-02-16T09:06:05","slug":"oz-economy-outpaces-confectionary-growth","status":"publish","type":"post","link":"https:\/\/blog.panicola.com\/?p=1424","title":{"rendered":"Oz economy outpaces confectionary growth"},"content":{"rendered":"<ul>\n<li>Well this is good news, I suppose, but it is still growing at 2.6%&#8230; better not tell Barclay and Brand-Miller!?<\/li>\n<li>Chocolate accounts for about half of the value, with sugar confectionery at a quarter.<\/li>\n<li>255,000 tonnes in volume in 2012.<\/li>\n<li>Sugar confectionery is the dominant segment in China.<\/li>\n<li>Australia\u2019s per capita consumption of chocolate at 6.3kg, higher than New Zealand (4.8kg) but below Switzerland (11.9kg) and the UK (9.4kg).<\/li>\n<\/ul>\n<p>http:\/\/www.foodnavigator-asia.com\/Markets\/Oz-economy-outpaces-confectionery-growth\/<\/p>\n<h1 class=\"headline\" style=\"outline: none; position: static; margin-top: 0px; margin-bottom: 10px; padding: 0px; font-size: 31px; color: #2d578d; font-family: Arial, Verdana, sans-serif; line-height: normal;\">Oz economy outpaces confectionery growth<\/h1>\n<p class=\"author_date\" style=\"outline: none; position: static; margin-bottom: 10px; padding: 0px; font-size: 14px; color: #666666; font-family: Arial, Verdana, sans-serif; line-height: normal;\"><a class=\"comment_l\" style=\"outline: none; position: static; color: #2d578d; background-image: url('http:\/\/www.foodnavigator-asia.com\/extension\/custom_implement\/design\/news_site\/images\/sprites\/icons.png'); padding: 0px 0px 4px 28px; float: right; font-size: 14px; background-position: 0px -908px; background-repeat: no-repeat no-repeat;\" href=\"http:\/\/www.foodnavigator-asia.com\/Markets\/Oz-economy-outpaces-confectionery-growth\/?utm_source=newsletter_daily&amp;utm_medium=email&amp;utm_campaign=Newsletter%2BDaily&amp;c=LJYfE2HPSTKGuIT1k7tMAMzGy4IUjhcj#\">Post a comment<\/a>By Annie-Rose Harrison-Dunn\u00a0, 10-Feb-2014<\/p>\n<div class=\"large_image\" style=\"outline: none; position: relative; margin: 0px; padding: 1px; border: 1px solid #f1f1f1; color: #000000; font-family: Arial, Verdana, sans-serif; font-size: medium; line-height: normal;\">\n<p><img loading=\"lazy\" decoding=\"async\" style=\"outline: none; position: static; vertical-align: top;\" title=\"Australia's confectionery market fails to keep pace with economy, according to research\" alt=\"Australia's confectionery market fails to keep pace with economy, according to research\" src=\"http:\/\/www.foodnavigator-asia.com\/var\/plain_site\/storage\/images\/publications\/food-beverage-nutrition\/confectionerynews.com\/markets\/oz-economy-outpaces-confectionery-growth\/8762962-1-eng-GB\/Oz-economy-outpaces-confectionery-growth_strict_xxl.png\" width=\"610\" height=\"343\" \/><\/p>\n<div class=\"caption\" style=\"outline: none; position: absolute; margin: 0px; padding: 15px; width: 580px; bottom: 1px; color: #ffffff; text-shadow: #000000 0px 1px 0px; font-size: 14px; background-color: rgba(0, 0, 0, 0.498039); background-position: initial initial; background-repeat: initial initial;\">Australia&#8217;s confectionery market fails to keep pace with economy, according to research<\/div>\n<\/div>\n<div class=\"related_subjects\" style=\"outline: none; position: static; margin: 20px 0px 0px; padding: 0px; color: #000000; font-family: Arial, Verdana, sans-serif; font-size: medium; line-height: normal;\">\n<p class=\"topics\" style=\"outline: none; position: static; margin-bottom: 10px; padding: 0px; font-size: 14px; color: #666666;\">Related tags:\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=Market+Line&amp;FromNews\">Market Line<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=Australia&amp;FromNews\">Australia<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=confectionery&amp;FromNews\">Confectionery<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=market&amp;FromNews\">Market<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=China&amp;FromNews\">China<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=Japan&amp;FromNews\">Japan<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=gum&amp;FromNews\">Gum<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=chocolate&amp;FromNews\">Chocolate<\/a>,<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=report&amp;FromNews\">Report<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/content\/search?SearchText=growth&amp;FromNews\">Growth<\/a><\/p>\n<p class=\"topics\" style=\"outline: none; position: static; margin-bottom: 10px; padding: 0px; font-size: 14px; color: #666666;\">Related topics:\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Topics\/Industry-growth\">Industry growth<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Markets\">Markets<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Sectors\/Confectionery\">Confectionery<\/a>,\u00a0<a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Regions\/Australia-New-Zealand\">Australia &#8211; New Zealand<\/a><\/p>\n<\/div>\n<div class=\"story\" id=\"story\" style=\"outline: none; position: static; margin: 0px 0px 10px; padding: 0px; font-size: 14px; color: #333333; line-height: 1.6em; font-family: Arial, Verdana, sans-serif;\">\n<p style=\"outline: none; position: static; margin-bottom: 0px; padding: 0px; font-size: 14px; line-height: 1.6em;\">The Australian confectionery market is growing slower than the country\u2019s economy, according to a report from Market Line.<\/p>\n<div class=\"news_info\" style=\"outline: none; position: static; margin: 0px 0px 10px 10px; padding: 0px; max-width: 162px; float: right;\">\n<div class=\"embed_related_news\" style=\"outline: none; position: static; margin: 0px; padding: 0px;\">\n<h4 style=\"outline: none; position: static; margin-bottom: 0px; padding: 0px; font-size: 14px; text-transform: uppercase;\"><span class=\"color_1\" style=\"outline: none; position: static; color: #ff9300;\">RELATED NEWS:<\/span><\/h4>\n<h5 style=\"outline: none; position: static; margin-top: 5px; margin-bottom: 0px; padding: 5px 0px 0px; border-top-style: solid; border-top-width: 1px; border-top-color: #f0f0f0; font-size: 12px; line-height: 16px;\"><a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Markets\/Australia-s-oldest-chocolate-bar-Cherry-Ripe-remains-the-favourite\">Australia\u2019s oldest chocolate bar, Cherry Ripe, remains the favourite<\/a><\/h5>\n<h5 style=\"outline: none; position: static; margin-top: 5px; margin-bottom: 0px; padding: 5px 0px 0px; border-top-style: solid; border-top-width: 1px; border-top-color: #f0f0f0; font-size: 12px; line-height: 16px;\"><a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Markets\/Australia-lagging-behind-emerging-nations-in-artificial-colour-use\">Australia \u2018lagging behind emerging nations\u2019 in artificial colour use<\/a><\/h5>\n<h5 style=\"outline: none; position: static; margin-top: 5px; margin-bottom: 0px; padding: 5px 0px 0px; border-top-style: solid; border-top-width: 1px; border-top-color: #f0f0f0; font-size: 12px; line-height: 16px;\"><a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Markets\/Cadbury-cocoa-growing-trials-in-Australia-as-part-of-59m-plant-upgrade\">Cadbury cocoa-growing trials in Australia as part of $59m plant upgrade<\/a><\/h5>\n<h5 style=\"outline: none; position: static; margin-top: 5px; margin-bottom: 0px; padding: 5px 0px 0px; border-top-style: solid; border-top-width: 1px; border-top-color: #f0f0f0; font-size: 12px; line-height: 16px;\"><a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Markets\/Social-climbers-Aussies-plump-for-premium-chocolate\">Social climbers: Aussies plump for premium chocolate<\/a><\/h5>\n<h5 style=\"outline: none; position: static; margin-top: 5px; margin-bottom: 0px; padding: 5px 0px 0px; border-top-style: solid; border-top-width: 1px; border-top-color: #f0f0f0; font-size: 12px; line-height: 16px;\"><a style=\"outline: none; position: static; color: #2d578d;\" href=\"http:\/\/www.foodnavigator-asia.com\/Policy\/Gold-star-Oz-confectionery-industry-welcomes-front-of-pack-labeling\">Gold star: Oz confectionery industry welcomes front-of-pack labeling<\/a><\/h5>\n<\/div>\n<\/div>\n<div id=\"Skyscraper1\" style=\"outline: none; position: static; margin: 0px; padding: 0px; float: left;\"><\/div>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\">The research firm told ConfectioneryNews that stable growth in the Australian confectionery market over the past five years was forecast to continue to 2017, but said the country&#8217;s economy was growing faster.<\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\"><b style=\"outline: none; position: static;\">Behind overall growth<\/b><\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\"><i style=\"outline: none; position: static;\">\u201cIf we look at GDP between 2008 and follow it through to the end of our forecast period in 2017, we see an average growth rate of just below 6%. In comparison, the confectionery market in Australia is set to have an average growth rate of 2.6% a year, over the same period, meaning that this market is growing at a slower rate than the Australian economy,\u201d<\/i>\u00a0Market Line said.<\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\">Chocolate dominates the Australian confectionery market and accounted for over half of value sales in the sector in 2012, while sugar confectionery accounted for around a quarter of revenues in the same year.<\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\">Market Line said cereal bars, gum and chocolate sales were expected to slowly decelerate up to 2017, meanwhile sugar confectionery sales were expected to grow slowly.<\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\">In a separate report released last year, Leatherhead estimated that the Australian confectionery market was worth 255,000 tonnes in volume in 2012, representing a 10% increase from 2008.<\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\"><b style=\"outline: none; position: static;\">Competitive\u00a0<\/b><b style=\"outline: none; position: static;\">neighbors<\/b><\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\">Australia is Asia-Pacific&#8217;s\u00a0third largest confectionery market, with Japan and China taking the top spots.\u00a0<i style=\"outline: none; position: static;\">\u201cAustralia has, however, grown at a faster compound annual growth rate (CAGR) than the Japanese market between 2008 and 2012 at 4.8% as opposed to 0.5%,&#8221;\u00a0<\/i>Market Line said.<\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\"><span style=\"font-size: 14px; line-height: 1.6em;\">The Chinese market has grown at over double the rate of the Australian market at a CAGR of 4.8%, where sugar confectionery is the dominant segment.<\/span><\/p>\n<p style=\"outline: none; position: static; margin-bottom: 15px; padding: 0px;\">Looking at Australian confectionery on this global stage, the Leatherhead report put Australia\u2019s per capita consumption of chocolate at 6.3kg, higher than New Zealand (4.8kg) but below Switzerland (11.9kg) and the UK (9.4kg).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Well this is good news, I suppose, but it is still growing at 2.6%&#8230; better not tell Barclay and Brand-Miller!? Chocolate accounts for about half of the value, with sugar confectionery at a quarter. 255,000 tonnes in volume in 2012. Sugar confectionery is the dominant segment in China. Australia\u2019s per capita consumption of chocolate at &hellip; <a href=\"https:\/\/blog.panicola.com\/?p=1424\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Oz economy outpaces confectionary growth<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,10,13],"tags":[],"class_list":["post-1424","post","type-post","status-publish","format-standard","hentry","category-facts-data-points","category-healthy-habits","category-nutrition"],"_links":{"self":[{"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/posts\/1424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1424"}],"version-history":[{"count":2,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/posts\/1424\/revisions"}],"predecessor-version":[{"id":1426,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/posts\/1424\/revisions\/1426"}],"wp:attachment":[{"href":"https:\/\/blog.panicola.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}