Australia: Retail Foods

Health, wellness, and the environment continue to be key purchasing factors for Australian consumers. Portion sizes are increasingly important as consumers want quality over quantity, and they expect packaging to be informative and environmentally responsible. The value of food and liquor retailing in Australia rose by five percent in 2020 to A$191 billion (US$133 billion). Supermarket and grocery expenditures continue to account for the bulk of food retailing purchases with a share of 66 percent. The United States accounted for US$1.2 billion (12 percent) of Australia’s total food related imports in 2020. Despite the effects of COVID-19, Australia’s economy is recovering relatively quickly, and GDP growth has already returned to pre-COVID levels. The market remains an excellent opportunity for U.S. exporters.