Australia

Following two consecutive years of double-digit value growth, apparel and footwear specialists in Australia had to navigate a complex landscape in 2023. The year was marked by a series of challenges, most notably the cost-of-living crisis stemming…

Population growth in Australia will be driven by positive natural change and net migration. The country has an immigration policy focused on economic development, attracting skilled workers to cities. The rise in live births will support spending in…

Street stalls/kiosks was among the hardest hit foodservice channels by pandemic-related lockdowns, due to prolonged home seclusion and social distancing measures. 2022 witnessed a marginal improvement but this not sufficient, with operators in the…

Ikea Restaurant remained the only chained self-service cafeteria operating in Australia in 2023, with 10 outlets throughout the country. With only 13 independent self-service cafeterias in operation in Australia, it is unsurprising to see Ikea…

The growing cost of living has been a major discussion point across all industries in Australia, as consumer spending has been significantly impacted due to constraints on discretionary income. As a result, limited-service restaurants struggled to…

The pandemic and subsequent lockdowns resulted in many changes in consumer habits, the impacts of which are still being felt throughout the consumer foodservice industry. One of these changes has been the increase in the number of consumers dining…

The rapid growth of inflation and the general cost of living have been major obstacles for growth of consumer foodservice in Australia. Local consumers have been forced to limit their budgets because of the rising cost of essential goods and…

The recent rises in inflation and the general cost of living are responsible for reducing how much time many consumers are spending at retail stores. Without high disposable incomes to spend, there is not much incentive for consumers to visit retail…

The cost-of-living crisis has constrained how much consumers are able to spend on goods and services, with many of them forced to cut dining out from their budgets. This has been challenging for cafés in particular, as it has resulted in reduced…

This briefing examines how the commodity market for beef is performing globally and in the largest countries in terms of supply and consumption. The report also provides data and analysis of beef price dynamics, and key meat consuming industries.

In 2022, several major trends were significantly impacting the packaging landscape in Australia, reflecting the growing emphasis on sustainability, waste reduction and eco-conscious choices. One key trend is the increasing importance of…

Rising costs across various fronts—labour, transportation, weather-related challenges, and raw materials—have significantly influenced prices of vegetables in 2022 and 2023. Adverse weather conditions have also impacted the supply of fresh produce…

Sugar is struggling in 2023, due to a combined series of factors. To start with, prices have been steadily rising in sugar. Global supplies have been seeing a reduced output from the UK and Europe, as sugar beet crops have been impacted by extreme…

Extensive flooding over late 2022, following heavy rains in crucial growing regions across New South Wales, Victoria, South Australia, and Tasmania, has impacted food supplies, leading to supply fluctuations due to major damage to harvests, and…

Despite the gradual normalisation following the impacts created by the era of the pandemic, 2023 has ushered in fresh challenges for both consumers and producers, amplifying instability and uncertainty. The persistently high logistics costs…

Inflation has emerged as a significant challenge for Australian consumers and fresh food producers alike, driven by a confluence of factors: the government's pandemic-induced stimulus and supply chain constraints due to border closures, further…

The current economic landscape is witnessing a complex interplay of factors which are reshaping consumer behaviour and challenging the dynamics of the food industry. Inflationary pressures are driving customers to seek savings on their grocery bills,…

Rising input costs encompassing raw materials, labour, and transportation have spurred producers to transfer these expenses onto consumers, resulting in a noticeable surge in retail prices for fresh fruits across 2022 and 2023. The consecutive waves…

Throughout 2023, the Australian fresh food sector encountered considerable challenges amidst the prevailing cost-of-living crisis, significantly impacting consumer behaviour and the broader food industry dynamics. A complex interplay of economic…

The persistent wave of inflation, causing a surge in prices across various goods and services, has compelled consumers to reassess their shopping habits and make budgetary adjustments, in order to cope with the rising costs. Fresh fish and seafood,…