Australia: Grapefruit Market 2024

Grapefruit Market Size in Australia

The Australian grapefruit market dropped to $X in 2022, waning by -3% against the previous year. Over the period under review, consumption saw a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Grapefruit Production in Australia

In value terms, grapefruit production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Grapefruit production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average grapefruit yield in Australia reached X tons per ha, remaining stable against the previous year. Overall, the yield, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, the average grapefruit yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a 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 grapefruit harvested area in Australia contracted to X ha, standing approx. at 2021 figures. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 9.9% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the grapefruit harvested area remained at a lower figure.

Grapefruit Exports

Exports from Australia

In 2022, shipments abroad of grapefruits decreased by -12.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed tangible growth. The pace of growth appeared the most rapid in 2016 when exports increased by 152% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, grapefruit exports shrank markedly to $X in 2022. Overall, exports, however, recorded noticeable growth. The pace of growth was the most pronounced in 2016 with an increase of 166%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Thailand (X tons) and Hong Kong SAR (X tons) were the main destinations of grapefruit exports from Australia, together comprising 80% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +3,185.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for grapefruits exports from Australia, comprising 51% of total exports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total exports. It was followed by Hong Kong SAR, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+2,067.8% per year) and Hong Kong SAR (-0.2% per year).

Export Prices by Country

The average grapefruit export price stood at $X per ton in 2022, waning by -6.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Grapefruit Imports

Imports into Australia

Grapefruit imports into Australia fell sharply to X tons in 2022, reducing by -35.6% against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 121% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, grapefruit imports dropped markedly to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +28.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest grapefruit supplier to Australia, accounting for a 63% share of total imports. Moreover, grapefruit imports from the United States exceeded the figures recorded by the second-largest supplier, Israel (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+2.9% per year) and Spain (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of grapefruits to Australia, comprising 63% of total imports. The second position in the ranking was taken by Israel ($X), with a 30% share of total imports. It was followed by Spain, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+11.3% per year) and Spain (0.0% per year).

Import Prices by Country

In 2022, the average grapefruit import price amounted to $X per ton, with an increase of 12% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grapefruit import price increased by +120.2% against 2013 indices. The pace of growth appeared the most rapid in 2016 an increase of 36% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :