Australia and Oceania: Frozen Potato Market 2024

Frozen Potato Market Size in Australia and Oceania

The frozen potato market in Australia and Oceania rose notably to $X in 2021, surging by 10% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Potato Production in Australia and Oceania

In value terms, frozen potato production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Frozen Potato Exports

Exports in Australia and Oceania

In 2021, approx. X tons of frozen potatoes were exported in Australia and Oceania; growing by 43% against the previous year. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato exports soared to $X in 2021. Total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand represented the key exporting country with an export of about X tons, which recorded 87% of total exports. It was distantly followed by Australia (X tons), mixing up a 13% share of total exports.

New Zealand was also the fastest-growing in terms of the frozen potatoes exports, with a CAGR of +4.8% from 2012 to 2021. At the same time, Australia (+1.3%) displayed positive paces of growth. New Zealand (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -3.8% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest frozen potato supplier in Australia and Oceania, comprising 82% of total exports. The second position in the ranking was held by Australia ($X), with an 18% share of total exports.

In New Zealand, frozen potato exports increased at an average annual rate of +4.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 13% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-0.2%).

Frozen Potato Imports

Imports in Australia and Oceania

In 2021, overseas purchases of frozen potatoes were finally on the rise to reach X tons after three years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 20%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, frozen potato imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

Australia was the key importing country with an import of about X tons, which accounted for 72% of total imports. New Zealand (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Papua New Guinea (6%). The following importers - New Caledonia (X tons) and Fiji (X tons) - each finished at a 5.9% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to frozen potato imports into Australia stood at -1.4%. At the same time, Papua New Guinea (+8.6%), New Caledonia (+8.1%), Fiji (+7.1%) and New Zealand (+2.9%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.6% from 2012-2021. Papua New Guinea (+3.2 p.p.), New Zealand (+3.2 p.p.) and New Caledonia (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported frozen potatoes in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports. It was followed by Papua New Guinea, with a 4.2% share.

In Australia, frozen potato imports expanded at an average annual rate of +2.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+2.2% per year) and Papua New Guinea (+5.0% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2017 an increase of 15%. The level of import peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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