Australia and Oceania: Fruit Flour Market 2024

Fruit Flour Market Size in Australia and Oceania

In 2022, the fruit flour market in Australia and Oceania decreased by -1% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fruit Flour Production in Australia and Oceania

In value terms, fruit flour production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. The growth pace was the most rapid in 2013 when the production volume increased by 70% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fruit Flour Exports

Exports in Australia and Oceania

After five years of growth, shipments abroad of fruit flour decreased by -15.2% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 104%. The volume of export peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, fruit flour exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by 181% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was near 86% of total exports in 2022. New Zealand (X tons) ranks second in terms of the total exports with a 7.3% share, followed by Papua New Guinea (5.6%).

Australia was also the fastest-growing in terms of the fruit flour exports, with a CAGR of +21.2% from 2012 to 2022. At the same time, New Zealand (+21.1%) displayed positive paces of growth. By contrast, Papua New Guinea (-23.7%) illustrated a downward trend over the same period. While the share of Australia (+73 p.p.) and New Zealand (+6.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Papua New Guinea (-79.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest fruit flour supplier in Australia and Oceania, comprising 74% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +21.8%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+25.9% per year) and Papua New Guinea (-22.1% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by 5.8% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2013 when the export price increased by 69%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 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 New Zealand (+4.0%), while the other leaders experienced more modest paces of growth.

Fruit Flour Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of fruit flour decreased by -12.2% to X tons, falling for the third consecutive year after two years of growth. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -35.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fruit flour imports dropped to $X in 2022. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by 80%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Australia represented the main importing country with an import of about X tons, which finished at 61% of total imports. It was distantly followed by New Zealand (X tons), achieving a 36% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +10.3%).

In value terms, Australia ($X) constitutes the largest market for imported fruit flour in Australia and Oceania, comprising 69% of total imports. The second position in the ranking was held by New Zealand ($X), with a 28% share of total imports.

In Australia, fruit flour imports increased at an average annual rate of +12.1% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 6.5% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the import price increased by 68% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, 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 New Zealand (+12.5%).

Source: IndexBox Platform

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