Australia

While retail demand for sauces, dips and condiments is increasing in 2023, current value growth remains more dynamic, primarily driven by an increase in unit prices. Notably, the surge in unit prices in 2022, which can be attributed to the…

In 2023, refrigeration appliances is set to encounter declines in both retail volume and current value terms, due to escalating cost-of-living pressures, which continue to exert strain on household expenditure. The Australian economic landscape has…

Amidst the challenges posed by the inflationary crisis, volume demand for personal care appliances is set to decline in 2023. Consumers have redirected their spending towards more essential products, leaving personal care appliances with less demand…

Microwaves, much like other major kitchen appliances, has faced subdued demand in 2023, due to the prevailing inflationary crisis, leading consumers to restrain their spending on renovation and appliance upgrades. Despite this, the rising cost of…

While retail volume sales of meals and soups in Australia continue to grow in 2023, another increase in the average unit price ensures that current value growth is more dynamic. Unit price growth is being driven by inflation and labour shortages.…

Ongoing shortages of raw materials and labour, coupled with rising inflation, resulted in delays for major infrastructure projects and first home builds during the review period. The impact on the housing market has been evident, and with interest…

In 2023, the retail volume growth of home laundry appliances is set to experience a further deceleration, resulting in minimal volume growth for the category. This subdued performance can be attributed to the normalisation of sales, a trend that has…

Following a notable drop in volume sales of food preparation appliances in 2022, as consumers returned to restaurants to enjoy the experience of dining out, and resumed social activities after a complete lifting of pandemic restrictions, the year…

Retail demand for edible oils in Australia continues to grow in 2023. The increasing cost of living is encouraging many local consumers to cook more often at home, driving up the demand for edible oils, particularly those produced locally. Olive oil,…

After demand for dishwashers in Australia had already been seeing a slowdown in 2022, volume sales are set to turn to decline 2023. The persistent challenges stemming from the ongoing pandemic, including disruptions in the supply chain and shortages…

Despite a positive performance, the evolving work landscape - characterised by remote and hybrid arrangements - has reshaped the foodservice industry's dynamics, with a significant proportion of Australians still cooking at home, thus supporting…

Consumer appliances has confronted a series of challenges in Australia in 2023, with demand softening due to multifaceted economic factors. Primarily, the weakening macroeconomic conditions within Australia’s property market have had a pronounced…

In 2022, air treatment products had a successful year, despite a decline in demand for window air conditioners, and only low volume growth for other cooling products. This was attributed to the impact of the La Niña weather pattern on the east coast…

Usage of store cards in Australia has not improved post-pandemic, as the product has fallen out of favour among consumers. Credit cards are more competitive in terms of rewards and can be used anywhere, while store cards are restricted to specific…

While remote working has become a staple arrangement for many Australians, the idea of working remotely every day has been phased out. Many employees are returning to the office five days a week, while others have a hybrid arrangement which sees them…

2023 is witnessing a continuation of some of the key trends from the previous year. Credit card spend remains significant in 2023, despite seeing a marginal decline compared to 2022, and this is largely due to the rising cost of living experienced by…

The decline of cash was already evident in Australia prior to the pandemic, with the tough regulations imposed during this period causing the decline to rapidly accelerate. Cash usage has failed to rebound with many consumers and businesses having…

Amid the rising cost of living in Australia, credit spend increased significantly in 2022, while the number of transactions has continued to rise in 2023 as consumers use their credit cards for smaller, more frequent purchases. However, the number of…

The major talking point of 2023 from a consumer lending point of view has been the increase in interest rates over the year as a result of the RBA (Reserve Bank of Australia) attempting to address high inflation rates. Due to higher interest rates,…

Loans taken out for education purposes, which include the HECS-HELP loan provided by the government, continues to grow at a moderate rate in 2023. This reflects the high engagement of Australians with tertiary education, both universities and TAFE…