Australia and Oceania - Vegetable Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia and Oceania: Vegetable Product Market 2024
Vegetable Product Market Size in Australia and Oceania
After four years of growth, the vegetable product market in Australia and Oceania decreased by -7.8% to $X in 2022. In general, consumption, however, posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.
Vegetable Product Production in Australia and Oceania
In value terms, vegetable product production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 49% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then reduced in the following year.
The country with the largest volume of vegetable product production was Australia (X tons), comprising approx. 94% of total volume. Moreover, vegetable product production in Australia exceeded the figures recorded by the second-largest producer, Fiji (X tons), more than tenfold.
In Australia, vegetable product production expanded at an average annual rate of +1.7% over the period from 2012-2022.
The average vegetable product yield contracted modestly to X tons per ha in 2022, with a decrease of -1.8% on the previous year's figure. The yield figure increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 8.4% against the previous year. Over the period under review, the vegetable product yield hit record highs at X tons per ha in 2015; however, from 2016 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 vegetable products were harvested in Australia and Oceania; remaining relatively unchanged against the year before. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. Over the period under review, the harvested area dedicated to vegetable product production reached the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.
Vegetable Product Exports
Exports in Australia and Oceania
In 2022, shipments abroad of vegetable products decreased by -21.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 145% 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, vegetable product exports contracted markedly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 275% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Exports by Country
New Zealand (X tons) and Australia (X tons) dominates exports structure, together constituting 87% of total exports. It was distantly followed by French Polynesia (X tons), achieving a 7.5% share of total exports. The following exporters - Fiji (X tons) and Papua New Guinea (X tons) - each resulted at a 5.4% share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by New Zealand (with a CAGR of +24.7%), while the other leaders experienced more modest paces of growth.
In value terms, New Zealand ($X) remains the largest vegetable product supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was taken by Australia ($X), with a 20% share of total exports. It was followed by Papua New Guinea, with a 1.5% share.
In New Zealand, vegetable product exports expanded at an average annual rate of +16.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (+31.5% per year) and Papua New Guinea (+21.0% per year).
Export Prices by Country
The export price in Australia and Oceania stood at $X per ton in 2022, falling by -7% against the previous year. In general, the export price, however, showed perceptible growth. The pace of growth appeared the most rapid in 2019 an increase of 53% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while French Polynesia ($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 (+30.7%), while the other leaders experienced mixed trends in the export price figures.
Vegetable Product Imports
Imports in Australia and Oceania
After two years of growth, supplies from abroad of vegetable products decreased by -22.3% to X tons in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its volume 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, imports increased by +9.1% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 41% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.
In value terms, vegetable product imports soared to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 40%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.
Imports by Country
Australia represented the largest importer of vegetable products in Australia and Oceania, with the volume of imports reaching X tons, which was near 63% of total imports in 2022. New Zealand (X tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Kiribati (9.8%). Samoa (X tons) took a little share of total imports.
Imports into Australia increased at an average annual rate of +9.1% from 2012 to 2022. At the same time, Samoa (+40.8%) and New Zealand (+15.5%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +40.8% from 2012-2022. By contrast, Kiribati (-12.9%) illustrated a downward trend over the same period. Australia (+30 p.p.), New Zealand (+17 p.p.) and Samoa (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Kiribati saw its share reduced by -39.3% from 2012 to 2022, respectively.
In value terms, the largest vegetable product importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Kiribati ($X), with a combined 99% share of total imports. Samoa lagged somewhat behind, accounting for a further 0.5%.
Samoa, with a CAGR of +22.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 49% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kiribati (+7.1%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the vegetable product market in Australia and Oceania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 156 - Sugar cane
- FCL 161 - Sugar crops nes
- FCL 459 - Chicory roots
- FCL 460 - Vegetable products, fresh or dry nes
- FCL 461 - Carobs
Country coverage:
- Australia
- Cook Islands
- Fiji
- French Polynesia
- Kiribati
- Marshall Islands
- Micronesia
- New Caledonia
- New Zealand
- Northern Mariana Islands
- Palau
- Papua New Guinea
- Samoa
- Solomon Islands
- Tokelau
- Tonga
- Tuvalu
- Vanuatu
- Wallis and Futuna Islands
- American Samoa
- Nauru
- Niue
- Guam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Australia and Oceania, split by region and country
- Trade (exports and imports) in Australia and Oceania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Australia
- Cook Islands
- Fiji
- French Polynesia
- Kiribati
- Marshall Islands
- Micronesia
- New Caledonia
- New Zealand
- Northern Mariana Islands
- Palau
- Papua New Guinea
- Samoa
- Solomon Islands
- Tokelau
- Tonga
- Tuvalu
- Vanuatu
- Wallis and Futuna Islands
- American Samoa
- Nauru
- Niue
- Guam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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