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

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

The orange juice (single strength) market in Australia and Oceania shrank modestly to $X in 2022, with a decrease of -4.8% against the previous year. Over the period under review, consumption recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 9.4% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, orange juice (single strength) production declined to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 with an increase of 4.8%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports in Australia and Oceania

In 2022, shipments abroad of orange juice (single strength) increased by 46% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, recorded a mild decrease. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, orange juice (single strength) exports soared to $X in 2022. Overall, exports, however, recorded a mild reduction. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was near 91% of total exports in 2022. It was distantly followed by New Zealand (X tons), comprising a 9.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to orange juice (single strength) exports from Australia stood at -1.9%. At the same time, New Zealand (+21.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +21.2% from 2012-2022. While the share of New Zealand (+7.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-7.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest orange juice (single strength) supplier in Australia and Oceania, comprising 90% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled -1.9%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -8.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 11% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.1%).

Imports of Orange Juice (Single Strength)

Imports in Australia and Oceania

In 2022, orange juice (single strength) imports in Australia and Oceania shrank to X tons, approximately equating 2021 figures. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 76%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, orange juice (single strength) imports totaled $X in 2022. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 61% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

New Caledonia dominates imports structure, recording X tons, which was approx. 59% of total imports in 2022. It was distantly followed by Wallis and Futuna Islands (X tons), Australia (X tons) and Papua New Guinea (X tons), together committing a 21% share of total imports. Vanuatu (X tons), Fiji (X tons), New Zealand (X tons), French Polynesia (X tons) and Kiribati (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to orange juice (single strength) imports into New Caledonia stood at +5.0%. At the same time, Wallis and Futuna Islands (+33.6%), Kiribati (+27.5%), Vanuatu (+7.7%) and Papua New Guinea (+4.1%) displayed positive paces of growth. Moreover, Wallis and Futuna Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +33.6% from 2012-2022. By contrast, Fiji (-3.1%), French Polynesia (-14.3%), Australia (-21.3%) and New Zealand (-31.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Caledonia, Wallis and Futuna Islands, Vanuatu, Papua New Guinea, Fiji and Kiribati increased by +46, +9.4, +3.7, +3.6, +2.2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Caledonia ($X) constitutes the largest market for imported orange juice (single strength) in Australia and Oceania, comprising 49% of total imports. The second position in the ranking was held by Wallis and Futuna Islands ($X), with a 13% share of total imports. It was followed by Australia, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Caledonia totaled +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Wallis and Futuna Islands (+37.8% per year) and Australia (-16.7% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 30% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while Kiribati ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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