Australia and Oceania: Grapefruit Market 2024

Grapefruit Market Size in Australia and Oceania

The grapefruit market in Australia and Oceania contracted to $X in 2022, waning by -2.6% against the previous year. Overall, consumption continues to indicate a slight downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Grapefruit Production in Australia and Oceania

In value terms, grapefruit production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Australia (X tons) remains the largest grapefruit producing country in Australia and Oceania, comprising approx. 85% of total volume. Moreover, grapefruit production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), eightfold.

In Australia, grapefruit production plunged by an average annual rate of -1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+1.9% per year) and French Polynesia (+0.3% per year).

The average grapefruit yield reached X tons per ha in 2022, stabilizing at 2021 figures. In general, the yield, however, saw a mild decrease. The growth pace was the most rapid in 2017 when the yield increased by 11%. Over the period under review, the grapefruit yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of grapefruits were harvested in Australia and Oceania; remaining constant against 2021 figures. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 8.9%. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the grapefruit harvested area failed to regain momentum.

Grapefruit Exports

Exports in Australia and Oceania

In 2022, shipments abroad of grapefruits decreased by -12.4% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of 148% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, grapefruit exports fell remarkably to $X in 2022. In general, exports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of 157% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Australia (X tons) was the key exporter of grapefruits in Australia and Oceania, mixing up 99% of total export.

Australia was also the fastest-growing in terms of the grapefruits exports, with a CAGR of +4.7% from 2012 to 2022. From 2012 to 2022, the share of Australia increased by +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest grapefruit supplier in Australia and Oceania.

In Australia, grapefruit exports expanded at an average annual rate of +3.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, dropping by -6.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 27%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -0.9% per year.

Grapefruit Imports

Imports in Australia and Oceania

Grapefruit imports shrank significantly to X tons in 2022, falling by -28.9% against 2021. In general, imports showed a pronounced setback. The pace of growth was the most pronounced in 2013 when imports increased by 77% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, grapefruit imports reduced sharply to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +31.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

Australia was the major importer of grapefruits in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 81% of total imports in 2022. It was distantly followed by New Zealand (X tons), mixing up a 13% share of total imports. The following importers - New Caledonia (X tons) and Palau (X tons) - each recorded a 3.5% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of grapefruits. At the same time, New Caledonia (+6.6%) and Palau (+1.5%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.6% from 2012-2022. By contrast, New Zealand (-9.5%) illustrated a downward trend over the same period. While the share of Australia (+19 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-15.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported grapefruits in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total imports. It was followed by New Caledonia, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +4.7%. In the other countries, the average annual rates were as follows: New Zealand (-5.9% per year) and New Caledonia (+7.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by 9.3% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grapefruit import price increased by +27.4% against 2018 indices. The growth pace was the most rapid in 2016 when the import price increased by 25% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Palau ($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 (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :