Australia and Oceania: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Australia and Oceania

In 2022, the frozen vegetable market in Australia and Oceania decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Vegetable Production in Australia and Oceania

In value terms, frozen vegetable production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Frozen Vegetable Exports

Exports in Australia and Oceania

In 2022, frozen vegetable exports in Australia and Oceania shrank slightly to X tons, reducing by X% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen vegetable exports contracted to $X in 2022. Overall, exports recorded a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Australia (X tons), comprising a X% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of frozen vegetables. 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 ($X) remains the largest frozen vegetable supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

In New Zealand, frozen vegetable exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 stood at $X per ton.

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

Frozen Vegetable Imports

Imports in Australia and Oceania

In 2022, purchases abroad of frozen vegetables increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen vegetable imports soared to $X in 2022. Total imports indicated a measured 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 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of frozen vegetables, comprising X% of total imports. It was distantly followed by New Zealand (X tons), making up a X% share of total imports. The following importers - Papua New Guinea (X tons), New Caledonia (X tons), Fiji (X tons) and French Polynesia (X tons) - together made up X% of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of frozen vegetables. At the same time, Fiji (X%), New Caledonia (X%), French Polynesia (X%), Papua New Guinea (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. While the share of New Zealand (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, 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% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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 mixed trends in the import price figures.

Source: IndexBox Platform

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