Australia and Oceania: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Australia and Oceania

In 2021, the grape juice (single strength) market in Australia and Oceania was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Grape Juice (Single Strength) in Australia and Oceania

In value terms, grape juice (single strength) production fell slightly to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.4% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell slightly in the following year.

Exports of Grape Juice (Single Strength)

Exports in Australia and Oceania

In 2021, overseas shipments of grape juice (single strength) increased by 47% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 101%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, grape juice (single strength) exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +12.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 144%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Australia (X tons) was the largest exporter of grape juice (single strength) in Australia and Oceania, comprising 99.9% of total export.

Australia was also the fastest-growing in terms of the grape juice (single strength) exports, with a CAGR of +7.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest grape juice (single strength) supplier in Australia and Oceania.

In Australia, grape juice (single strength) exports increased at an average annual rate of +12.1% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, rising by 17% against the previous year. Export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape juice (single strength) export price increased by +85.5% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by 25%. The level of export peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +4.4% per year.

Imports of Grape Juice (Single Strength)

Imports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded decline in overseas purchases of grape juice (single strength), which decreased by -29.8% to X tons in 2021. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 212% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, grape juice (single strength) imports dropped notably to $X in 2021. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 182% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

New Zealand represented the main importing country with an import of around X tons, which accounted for 70% of total imports. It was distantly followed by Australia (X tons), constituting a 23% share of total imports. Papua New Guinea (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to grape juice (single strength) imports into New Zealand stood at -5.4%. At the same time, Papua New Guinea (+3.2%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.2% from 2012-2021. By contrast, Australia (-29.4%) illustrated a downward trend over the same period. New Zealand (+52 p.p.) and Papua New Guinea (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -57.9% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) constitutes the largest market for imported grape juice (single strength) in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was held by Australia ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand was relatively modest. In the other countries, the average annual rates were as follows: Australia (-18.4% per year) and Papua New Guinea (-2.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 2.2% against the previous year. Overall, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 84% against the previous year. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($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 (+15.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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