Australia and Oceania: Potato Market 2024

Potato Market Size in Australia and Oceania

In 2021, the potato market in Australia and Oceania decreased by -0.6% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, showed a mild decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Potato Production in Australia and Oceania

In value terms, potato production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 15%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The country with the largest volume of potato production was Australia (X tons), comprising approx. 68% of total volume. Moreover, potato production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), twofold.

In Australia, potato production plunged by an average annual rate of -1.2% over the period from 2012-2021.

The average potato yield reduced slightly to X tons per ha in 2021, falling by -2.5% on the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by 4.9% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of potatoes were harvested in Australia and Oceania; surging by 6.2% on the previous year's figure. Over the period under review, the harvested area, however, recorded a mild descent. The growth pace was the most rapid in 2019 with an increase of 7.5%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Potato Exports

Exports in Australia and Oceania

In 2021, exports of potatoes in Australia and Oceania skyrocketed to X tons, growing by 27% on the previous year. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 48% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, potato exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Australia (X tons) and New Zealand (X tons) represented the largest exporter of potatoes in Australia and Oceania, creating 100% of total export.

From 2012 to 2021, the biggest increases were in New Zealand (with a CAGR of +2.7%).

In value terms, the largest potato supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

In terms of the main exporting countries, New Zealand, with a CAGR of +8.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 6.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.4%).

Potato Imports

Imports in Australia and Oceania

In 2021, the amount of potatoes imported in Australia and Oceania shrank slightly to X tons, which is down by -2.1% against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 19% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, potato imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 19%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Fiji was the key importing country with an import of about X tons, which amounted to 67% of total imports. French Polynesia (X tons) held the second position in the ranking, followed by Samoa (X tons). All these countries together held near 19% share of total imports. The following importers - Tonga (X tons), Kiribati (X tons), Cook Islands (X tons) and Vanuatu (X tons) - together made up 8.3% of total imports.

Imports into Fiji decreased at an average annual rate of -2.2% from 2012 to 2021. At the same time, Kiribati (+14.7%), Tonga (+11.7%), Samoa (+7.7%), Cook Islands (+3.9%) and French Polynesia (+3.7%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +14.7% from 2012-2021. Vanuatu experienced a relatively flat trend pattern. While the share of Samoa (+4 p.p.), French Polynesia (+4 p.p.) and Tonga (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Fiji (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Fiji ($X) constitutes the largest market for imported potatoes in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was taken by French Polynesia ($X), with a 13% share of total imports. It was followed by Samoa, with a 6.2% share.

In Fiji, potato imports increased at an average annual rate of +2.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (+2.4% per year) and Samoa (+12.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was French Polynesia ($X per ton), while Kiribati ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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