Australia and Oceania: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Australia and Oceania

In 2022, the temporarily preserved vegetable market in Australia and Oceania increased by 20% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.2% against 2019 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Temporarily Preserved Vegetable Production in Australia and Oceania

In value terms, temporarily preserved vegetable production fell slightly to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Temporarily Preserved Vegetable Exports

Exports in Australia and Oceania

In 2022, shipments abroad of vegetables (temporarily preserved) increased by 21% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted tangible growth. The most prominent rate of growth was recorded in 2016 when exports increased by 172% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable exports surged to $X in 2022. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2017 when exports increased by 238%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand represented the major exporting country with an export of around X tons, which amounted to 70% of total exports. Australia (X tons) took the second position in the ranking, distantly followed by Fiji (X tons). All these countries together took approx. 30% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to temporarily preserved vegetable exports from New Zealand stood at +9.2%. At the same time, Fiji (+50.8%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +50.8% from 2012-2022. By contrast, Australia (-3.5%) illustrated a downward trend over the same period. New Zealand (+24 p.p.) and Fiji (+6 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -29.9% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) remains the largest temporarily preserved vegetable supplier in Australia and Oceania, comprising 63% of total exports. The second position in the ranking was held by Australia ($X), with a 20% share of total exports.

In New Zealand, temporarily preserved vegetable exports expanded at an average annual rate of +16.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-6.8% per year) and Fiji (+77.4% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by 64% against the previous year. Over the period under review, the export price showed slight growth. The pace of growth was the most pronounced in 2017 when the export price increased by 98% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+17.6%), while the other leaders experienced mixed trends in the export price figures.

Temporarily Preserved Vegetable Imports

Imports in Australia and Oceania

In 2022, purchases abroad of vegetables (temporarily preserved) increased by 4% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, temporarily preserved vegetable imports skyrocketed to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 39%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia dominates imports structure, amounting to X tons, which was near 90% of total imports in 2022. It was distantly followed by New Zealand (X tons), creating an 8.3% share of total imports.

Imports into Australia decreased at an average annual rate of -1.2% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. Australia (-1.7 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported vegetables (temporarily preserved) in Australia and Oceania, comprising 94% of total imports. The second position in the ranking was held by New Zealand ($X), with a 4.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +5.6%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by 24% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2018 when the import price increased by 60% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.9%).

Source: IndexBox Platform

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