Australia and Oceania: Yams Market 2024

Yams Market Size in Australia and Oceania

The yams market in Australia and Oceania shrank to $X in 2022, flattening at the previous year. Overall, consumption showed a mild decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Yams Production in Australia and Oceania

In value terms, yams production dropped to $X in 2022 estimated in export price. Overall, production recorded a slight decline. The pace of growth appeared the most rapid in 2013 with an increase of 12% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Papua New Guinea (X tons) remains the largest yams producing country in Australia and Oceania, accounting for 87% of total volume. Moreover, yams production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Solomon Islands (X tons), eightfold.

In Papua New Guinea, yams production remained relatively stable over the period from 2012-2022.

In 2022, the average yams yield in Australia and Oceania declined to X tons per ha, with a decrease of -1.8% compared with the previous year. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 3.8%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of yams in Australia and Oceania rose modestly to X ha, picking up by 1.5% on the year before. The harvested area increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2016 when the harvested area increased by 5.9% against the previous year. Over the period under review, the harvested area dedicated to yams production attained the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Yams Exports

Exports in Australia and Oceania

In 2022, shipments abroad of yams increased by 6.8% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 97% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, yams exports shrank to $X in 2022. In general, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by 112%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Tonga dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2022. Samoa (X tons) took a relatively small share of total exports.

Exports from Tonga increased at an average annual rate of +14.0% from 2012 to 2022. At the same time, Samoa (+28.8%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +28.8% from 2012-2022. From 2012 to 2022, the share of Samoa increased by +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tonga ($X) remains the largest yams supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by Samoa ($X), with a 4.2% share of total exports.

In Tonga, yams exports expanded at an average annual rate of +13.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, waning by -6.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 21%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Samoa ($X per ton), while Tonga stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (+3.3%).

Yams Imports

Imports in Australia and Oceania

In 2022, approx. X tons of yams were imported in Australia and Oceania; waning by -58.5% on the year before. Overall, imports, however, saw perceptible growth. The pace of growth was the most pronounced in 2017 when imports increased by 56%. The volume of import peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, yams imports dropped remarkably to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 58%. The level of import peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

Australia (X tons) and New Zealand (X tons) prevails in imports structure, together constituting 93% of total imports. It was distantly followed by Guam (X tons), mixing up a 6.3% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guam (with a CAGR of +74.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Australia ($X) constitutes the largest market for imported yams in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total imports.

In Australia, yams imports increased at an average annual rate of +7.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+7.8% per year) and Guam (+77.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 46% against the previous year. In general, the import price showed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand ($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 (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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