Australia and Oceania: Market for Vegetables (Preserved, Frozen) 2024

Market Size for Vegetables (Preserved, Frozen) in Australia and Oceania

For the third year in a row, the preserved and frozen vegetable market in Australia and Oceania recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a remarkable increase 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Production of Vegetables (Preserved, Frozen) in Australia and Oceania

In value terms, preserved and frozen vegetable production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Vegetables (Preserved, Frozen)

Exports in Australia and Oceania

In 2022, shipments abroad of vegetables (preserved, frozen) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, preserved and frozen vegetable exports shrank to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand represented the key exporter of vegetables (preserved, frozen) in Australia and Oceania, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Australia (X tons), mixing up a X% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of vegetables (preserved, frozen). Australia experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in New Zealand stood at X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Vegetables (Preserved, Frozen)

Imports in Australia and Oceania

In 2022, overseas purchases of vegetables (preserved, frozen) increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved and frozen vegetable imports skyrocketed to $X in 2022. Total imports indicated a buoyant increase 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 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Australia was the main importing country with an import of about X tons, which amounted to X% of total imports. New Zealand (X tons) held the second position in the ranking, followed by Papua New Guinea (X tons). All these countries together held approx. X% share of total imports. New Caledonia (X tons), Fiji (X tons) and French Polynesia (X tons) held a little share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of vegetables (preserved, frozen). At the same time, Fiji (X%), New Caledonia (X%), Papua New Guinea (X%), French Polynesia (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji 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 Fiji, Papua New Guinea and New Caledonia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported vegetables (preserved, frozen) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($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 more modest paces of growth.

Source: IndexBox Platform

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