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Australia - Leeks And Other Alliaceous Vegetables - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Australia - Leeks And Other Alliaceous Vegetables - Market Analysis, Forecast, Size, Trends and Insights

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Mar 21, 2023

Australia's Leek Price Increases to $3,840 per Ton

Australia Leek Export Price in December 2022

In December 2022, the leek price stood at $3,840 per ton (FOB, Australia), surging by 4.4% against the previous month. Over the period under review, the export price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in March 2022 an increase of 46% against the previous month. Over the period under review, the average export prices attained the peak figure at $5,724 per ton in June 2022; however, from July 2022 to December 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($7,981 per ton), while the average price for exports to New Caledonia ($2,598 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Australia Leek Exports

In December 2022, shipments abroad of leeks and other alliaceous vegetables was finally on the rise to reach 6.3 tons after two months of decline. In general, exports recorded a mild increase. The pace of growth was the most pronounced in September 2022 with an increase of 77% month-to-month. As a result, the exports reached the peak of 16 tons; afterwards, it flattened through to December 2022.

In value terms, leek exports skyrocketed to $24K (IndexBox estimates) in December 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when exports increased by 80% m-o-m. Over the period under review, the exports hit record highs at 61 tons in May 2022; however, from June 2022 to December 2022, the exports stood at a somewhat lower figure.

Australia Leek Exports by Country

New Caledonia (2.5 tons), Thailand (1.4 tons) and Singapore (832 kg) were the main destinations of leek exports from Australia, with a combined 74% share of total exports.

From January 2022 to December 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Caledonia (with a CAGR of +15.7%), while the other leaders experienced more modest paces of growth.

In value terms, New Caledonia ($6.5K), Thailand ($6.1K) and Singapore ($3.1K) appeared to be the largest markets for leek exported from Australia worldwide, together comprising 65% of total exports.

Among the main countries of destination, New Caledonia, with a CAGR of +17.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Leek Price Growth Attributed to Low yield, High demand, and Climate Change Effects

Price surge is being attributed to a number of factors, including a lower-than-expected yield this season, high demand from both domestic and international markets, and the effects of climate change on farming conditions.

According to industry experts, the lower yield has been caused by a combination of factors, including unfavorable weather conditions, problems with pests and disease, and difficulties with irrigation.

At the same time, demand for leek has been on the rise, both in Australia and abroad. The vegetable has become increasingly popular as a versatile and nutritious ingredient in a range of different dishes, from soups and stews to salads and sandwiches. This has led to increased competition among buyers, pushing prices even higher.

Finally, the effects of climate change are also playing a role. Changing weather patterns and extreme weather events are making it more difficult for farmers to grow crops in some regions, with some areas experiencing droughts, floods or other extreme conditions. This is adding to the challenges facing farmers and contributing to the current shortage of leek on the market.

While the current high prices may be difficult for consumers and some businesses, they do offer an opportunity for farmers to earn higher revenues for their crops. In the longer term, it is hoped that industry stakeholders can work together to manage the impacts of climate change and other factors on the leek market, ensuring the ongoing sustainability of this important agricultural sector.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the leek market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 407 - Leeks and other alliaceous vegetables

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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