Australia: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Australia

After seven years of growth, the Australian prepared frozen vegetable market decreased by -X% to $X in 2020. In general, the total consumption indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Prepared frozen vegetable consumption peaked at $X in 2019, and then contracted markedly in the following year.

Prepared Frozen Vegetable Production in Australia

In value terms, prepared frozen vegetable production fell sharply to $X in 2020 estimated in export prices. Overall, the total production indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2019, and then reduced dramatically in the following year.

Prepared Frozen Vegetable Exports

Exports from Australia

In 2020, shipments abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports posted a prominent increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, prepared frozen vegetable exports surged to $X in 2020. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for prepared frozen vegetable exports from Australia, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to the United States exceeded the volume sent to the second major destination, New Zealand (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+X% per year) and Mauritius (+X% per year).

In value terms, the United States ($X) remains the key foreign market for prepared frozen vegetable exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+X% per year) and Mauritius (+X% per year).

Export Prices by Country

The average prepared frozen vegetable export price stood at $X per ton in 2020, surging by X% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into Australia

In 2020, the amount of frozen vegetables and mixtures of vegetables (prepared or preserved) imported into Australia contracted to X tons, falling by -X% against 2019 figures. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, prepared frozen vegetable imports reached $X in 2020. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the United States (X tons) and China (X tons) were the main suppliers of prepared frozen vegetable imports to Australia, together comprising X% of total imports. These countries were followed by New Zealand, Spain, the Netherlands, Thailand, Vietnam, India and South Korea, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and China ($X) appeared to be the largest prepared frozen vegetable suppliers to Australia, together accounting for X% of total imports. New Zealand, Spain, Thailand, the Netherlands, Vietnam, South Korea and India lagged somewhat behind, together comprising a further X terms of the main suppliers, Spain (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average prepared frozen vegetable import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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