Australia: Dried Grapes Market 2024

Dried Grapes Market Size in Australia

The Australian dried grapes market soared to $X in 2022, rising by 17% against the previous year. Over the period under review, consumption, however, recorded a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Dried Grapes Production in Australia

In value terms, dried grapes production fell to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Dried Grapes Exports

Exports from Australia

For the fourth consecutive year, Australia recorded decline in overseas shipments of dried grapes, which decreased by -30.9% to X tons in 2022. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 140% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, dried grapes exports contracted notably to $X in 2022. In general, exports, however, showed a strong increase. The growth pace was the most rapid in 2013 with an increase of 71% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main destinations of dried grapes exports from Australia, together comprising 74% of total exports. Japan, Vietnam and the UK lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +36.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Germany ($X) were the largest markets for dried grapes exported from Australia worldwide, together comprising 70% of total exports.

China, with a CAGR of +30.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dried grapes export price stood at $X per ton in 2022, dropping by -6.9% against the previous year. Overall, the export price recorded a slight slump. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and Japan ($X per ton), while the average price for exports to Germany ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Dried Grapes Imports

Imports into Australia

In 2022, approx. X tons of dried grapes were imported into Australia; with an increase of 11% compared with 2021. Overall, imports, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 32%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, dried grapes imports rose rapidly to $X in 2022. Over the period under review, imports, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 25%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of dried grapes to Australia, accounting for a 77% share of total imports. Moreover, dried grapes imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+4.3% per year) and China (-10.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of dried grapes to Australia, comprising 76% of total imports. The second position in the ranking was taken by Greece ($X), with a 6.1% share of total imports. It was followed by South Africa, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-0.3% per year) and South Africa (+0.4% per year).

Import Prices by Country

The average dried grapes import price stood at $X per ton in 2022, dropping by -2.4% against the previous year. Over the period under review, the import price showed a slight descent. The growth pace was the most rapid in 2019 when the average import price increased by 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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