Australia and Oceania: Vegetable Product Market 2024

Vegetable Product Market Size in Australia and Oceania

The vegetable product market in Australia and Oceania reduced to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Vegetable Product Production in Australia and Oceania

In value terms, vegetable product production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The country with the largest volume of vegetable product production was Australia (X tons), accounting for X% of total volume. Moreover, vegetable product production in Australia exceeded the figures recorded by the second-largest producer, Fiji (X tons), more than tenfold.

In Australia, vegetable product production remained relatively stable over the period from 2012-2022.

In 2022, the average vegetable product yield in Australia and Oceania dropped slightly to X tons per ha, which is down by X% on 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the vegetable product yield attained the peak level at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the vegetable product harvested area in Australia and Oceania fell to X ha, which is down by X% on the previous year's figure. In general, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Vegetable Product Exports

Exports in Australia and Oceania

In 2022, overseas shipments of vegetable products decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, vegetable product exports contracted sharply to $X in 2022. Overall, exports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) and New Zealand (X tons) dominates exports structure, together mixing up X% of total exports. Fiji (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, New Zealand ($X) remains the largest vegetable product supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Fiji, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand totaled X%. In the other countries, the average annual rates were as follows: Australia (X% per year) and Fiji (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced mixed trends in the export price figures.

Vegetable Product Imports

Imports in Australia and Oceania

In 2022, after four years of growth, there was significant decline in overseas purchases of vegetable products, when their volume decreased by X% to X tons. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, vegetable product imports amounted to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of vegetable products, making up X% of total imports. New Zealand (X tons) held the second position in the ranking, distantly followed by Kiribati (X tons). All these countries together took near X% share of total imports. Samoa (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Samoa (X%), New Zealand (X%) and Kiribati (X%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand, Australia and Samoa increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vegetable product importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Kiribati ($X), together comprising X% of total imports. Samoa lagged somewhat behind, comprising a further X%.

In terms of the main importing countries, Samoa, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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