Australia and Oceania: Plum And Sloe Market 2024

Plum And Sloe Market Size in Australia and Oceania

The plum and sloe market in Australia and Oceania expanded markedly to $X in 2022, increasing by 6.6% against the previous year. Overall, consumption, however, saw a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plum And Sloe Production in Australia and Oceania

In value terms, plum and sloe production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The country with the largest volume of plum and sloe production was Australia (X tons), accounting for 91% of total volume. Moreover, plum and sloe production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), tenfold.

In Australia, plum and sloe production plunged by an average annual rate of -1.1% over the period from 2012-2022.

The average plum and sloe yield contracted modestly to X tons per ha in 2022, remaining stable against the previous year. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 1.6% against the previous year. Over the period under review, the plum and sloe yield attained the peak 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, the harvested area of plums and sloes in Australia and Oceania was estimated at X ha, approximately mirroring the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the harvested area increased by 8%. Over the period under review, the harvested area dedicated to plum and sloe production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Plum And Sloe Exports

Exports in Australia and Oceania

In 2022, approx. X tons of plums and sloes were exported in Australia and Oceania; waning by -16.1% against 2021. Over the period under review, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 39%. As a result, the exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, plum and sloe exports reduced markedly to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

In 2022, Australia (X tons) represented the main exporter of plums and sloes in Australia and Oceania, generating 99% of total export.

Australia was also the fastest-growing in terms of the plums and sloes exports, with a CAGR of +7.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Australia totaled +9.2%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, waning by -6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2018 when the export price increased by 15% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

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 +1.7% per year.

Plum And Sloe Imports

Imports in Australia and Oceania

In 2022, approx. X tons of plums and sloes were imported in Australia and Oceania; declining by -57.4% compared with the previous year. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 193% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, plum and sloe imports shrank significantly to $X in 2022. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 262% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X tons), French Polynesia (X tons) and New Caledonia (X tons) represented roughly 72% of total imports in 2022. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together making up a 20% share of total imports. Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +42.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plum and sloe importing markets in Australia and Oceania were Australia ($X), New Caledonia ($X) and French Polynesia ($X), together accounting for 69% of total imports.

Australia, with a CAGR of +47.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, reducing by -28.1% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plum and sloe import price decreased by -41.9% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by 23% 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($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 (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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