Australia and Oceania: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Australia and Oceania

After five years of growth, the prepared frozen vegetable market in Australia and Oceania decreased by -X% to $X in 2020. The total consumption indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2019, and then declined dramatically in the following year.

Prepared Frozen Vegetable Production in Australia and Oceania

In value terms, prepared frozen vegetable production dropped notably to $X in 2020 estimated in export prices. The total production indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. The level of production peaked at $X in 2019, and then plummeted in the following year.

Production By Country in Australia and Oceania

Australia (X tons) remains the largest prepared frozen vegetable producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, prepared frozen vegetable production in Australia exceeded the figures recorded by the second-largest producer, Papua New Guinea (X tons), fourfold.

In Australia, prepared frozen vegetable production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Papua New Guinea (+X% per year) and New Zealand (-X% per year).

Prepared Frozen Vegetable Exports

Exports in Australia and Oceania

In 2020, overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the third year in a row after three years of growth. In general, exports showed a deep reduction. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, prepared frozen vegetable exports soared to $X in 2020. Overall, exports posted a perceptible expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Australia represented the key exporter of frozen vegetables and mixtures of vegetables (prepared or preserved) in Australia and Oceania, with the volume of exports reaching X tons, which was approx. X% of total exports in 2020. It was distantly followed by New Zealand (X tons), constituting a X% share of total exports.

Australia was also the fastest-growing in terms of the frozen vegetables and mixtures of vegetables (prepared or preserved) exports, with a CAGR of +X% from 2007 to 2020. New Zealand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Australia increased by +X% percentage points, while New Zealand (-X p.p.) saw their share reduced.

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

In Australia, prepared frozen vegetable exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The prepared frozen vegetable export price in Australia and Oceania stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Over the period under review, export prices attained the maximum in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Prepared Frozen Vegetable Imports

Imports in Australia and Oceania

In 2020, prepared frozen vegetable imports in Australia and Oceania dropped slightly to X tons, almost unchanged from the previous year. In general, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, prepared frozen vegetable imports expanded significantly to $X in 2020. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. The level of import peaked in 2020 and is likely to continue growth in the near future.

Imports by Country

Australia was the key importer of frozen vegetables and mixtures of vegetables (prepared or preserved) in Australia and Oceania, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2020. It was distantly followed by New Zealand (X tons), committing a X% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +X% from 2007 to 2020. At the same time, New Caledonia (+X%) and New Zealand (+X%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. While the share of Australia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, prepared frozen vegetable imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and New Caledonia (+X% per year).

Import Prices by Country

In 2020, the prepared frozen vegetable import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was New Zealand ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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