Australia: Retail Foods Annual

Australia is experiencing a cost-of-living crisis due to rising inflation. Consumer behavior and societal trends are driving shifts in shopping habits. Meanwhile, sustainability, waste reduction, food integrity, and healthy eating are key factors influencing product choices. The value of Australian consumer-oriented (i.e., snack foods, breakfast cereals, meat and poultry, dairy, eggs and products, fresh fruit and vegetables, processed fruit and vegetables, fruit and vegetable juices, nuts, wine, beer, nursery products, pet food, etc.), fish, and seafood imports totaled US$13.9 billion in 2023. The United States accounted for US$1.3 billion or 10 percent of Australia’s total food related imports. Most of Australia’s imports in these sectors are from New Zealand, and the United States is the second largest supplier.