Australia and Oceania: Vegetable Puree Market 2024

Vegetable Puree Market Size in Australia and Oceania

In 2022, the vegetable puree market in Australia and Oceania decreased by -10.6% to $X, falling for the second consecutive year after seven years of growth. Over the period under review, consumption, however, continues to indicate a perceptible expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Vegetable Puree Production in Australia and Oceania

In value terms, vegetable puree production shrank to $X in 2022 estimated in export price. Overall, production saw a slight downturn. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vegetable Puree Exports

Exports in Australia and Oceania

In 2022, approx. X tons of vegetable puree were exported in Australia and Oceania; with an increase of 117% compared with the previous year's figure. Overall, exports, however, showed a abrupt decrease. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable puree exports surged to $X in 2022. In general, exports, however, recorded a abrupt setback. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was approx. 97% of total exports in 2022. Fiji (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vegetable puree exports from Australia stood at -7.9%. At the same time, Fiji (+18.1%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +18.1% from 2012-2022. While the share of Fiji (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-2.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest vegetable puree supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by Fiji ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -10.1%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -20% against the previous year. In general, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of 30%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Fiji ($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 Fiji (-1.6%).

Vegetable Puree Imports

Imports in Australia and Oceania

In 2022, the amount of vegetable puree imported in Australia and Oceania soared to X tons, with an increase of 41% compared with 2021 figures. In general, imports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2017 when imports increased by 45%. 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, vegetable puree imports soared to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.6% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 79% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

New Caledonia represented the major importing country with an import of around X tons, which recorded 54% of total imports. It was distantly followed by Australia (X tons), French Polynesia (X tons) and New Zealand (X tons), together constituting a 40% share of total imports. Vanuatu (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable puree imports into New Caledonia stood at +3.0%. At the same time, Australia (+7.0%), Vanuatu (+5.8%), French Polynesia (+2.8%) and New Zealand (+1.6%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.0% from 2012-2022. From 2012 to 2022, the share of Australia and New Caledonia increased by +6.5 and +3.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Caledonia ($X) constitutes the largest market for imported vegetable puree in Australia and Oceania, comprising 56% of total imports. The second position in the ranking was held by French Polynesia ($X), with a 16% share of total imports. It was followed by Australia, with an 11% share.

In New Caledonia, vegetable puree imports expanded at an average annual rate of +4.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: French Polynesia (-1.5% per year) and Australia (+14.2% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, reducing by -13.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 33%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+16.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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