The import volume of infant food in Australia has shown a strong upward trend from 24.0 Thousand Metric Tons in 2014 to 42.0 Thousand Metric Tons in 2023. This represents an average annual growth rate (CAGR) of 3.13% over the past five years. The year-on-year growth rates have varied, with significant increases in 2015 (29.17%) and 2016 (38.71%). Notably, there were slight declines in 2017 and 2018, but the volume stabilized and resumed a steady upward trajectory from 2019 onwards. In 2023, the import volume grew by 2.44% from the previous year.

Future trends to watch for:

Continued moderate growth is expected, with the forecast indicating a 1.36% CAGR over the next five years, reaching 46.0 Thousand Metric Tons by 2028.
Monitoring changes in global supply chains and trade policies, which could impact import volumes.
Potential shifts in consumer preferences towards organic or specialized infant foods.