Australia and Oceania: Market for Frozen Vegetables other than Potato and Corn 2025

Market Size for Frozen Vegetables other than Potato and Corn in Australia and Oceania

In 2022, the market for frozen vegetables other than potato and corn in Australia and Oceania increased by 11% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Frozen Vegetables other than Potato and Corn in Australia and Oceania

In value terms, production of frozen vegetables other than potato and corn declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 8%. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports in Australia and Oceania

In 2022, shipments abroad of frozen vegetables other than potato and corn increased by 36% to X tons, rising for the sixth consecutive year after four years of decline. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of frozen vegetables other than potato and corn surged to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand prevails in corn structure, resulting at X tons, which was near 97% of total exports in 2022. Australia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen vegetables other than potato and corn exports from New Zealand stood at +3.1%. At the same time, Australia (+6.2%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +6.2% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest frozen vegetables other than potato and corn supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was taken by Australia ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand amounted to +2.1%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by -4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 7.9% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 (+7.9%).

Imports of Frozen Vegetables other than Potato and Corn

Imports in Australia and Oceania

In 2022, purchases abroad of frozen vegetables other than potato and corn increased by 8.7% to X tons, rising for the third year in a row after four years of decline. Over the period under review, imports recorded a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of frozen vegetables other than potato and corn expanded sharply to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +82.8% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 19%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Australia represented the largest importing country with an import of about X tons, which reached 79% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 14% share of total imports. New Caledonia (X tons) held a minor share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of frozen vegetables other than potato and corn. At the same time, New Caledonia (+6.5%) and New Zealand (+5.1%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.5% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +4.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported frozen vegetables other than potato and corn in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +3.5%. In the other countries, the average annual rates were as follows: New Zealand (+8.1% per year) and New Caledonia (+5.1% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 4.6% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen vegetables other than potato and corn increased by +16.2% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while New Caledonia ($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 (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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