Australia: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Australia

The Australian lettuce and chicory market fell modestly to $X in 2022, with a decrease of -1.9% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Lettuce And Chicory Production in Australia

In value terms, lettuce and chicory production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 32% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average yield of lettuce and chicory in Australia surged to X tons per ha, increasing by 17% on 2021. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by 31%. The lettuce and chicory yield peaked at X tons per ha in 2013; however, from 2014 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 lettuce and chicory harvested area in Australia shrank markedly to X ha, which is down by -16.5% against the previous year's figure. Overall, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 49%. The lettuce and chicory harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Lettuce And Chicory Exports

Exports from Australia

In 2022, shipments abroad of lettuce and chicory decreased by -11.6% to X tons, falling for the fifth consecutive year after six years of growth. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, lettuce and chicory exports dropped significantly to $X in 2022. In general, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -39.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 35% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for lettuce and chicory exports from Australia, with a 44% share of total exports. Moreover, lettuce and chicory exports to Singapore exceeded the volume sent to the second major destination, New Caledonia (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+53.4% per year) and Hong Kong SAR (+7.2% per year).

In value terms, Singapore ($X) remains the key foreign market for lettuce and chicory exports from Australia, comprising 49% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 17% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+3.4% per year) and Thailand (+23.1% per year).

Export Prices by Country

In 2022, the average lettuce and chicory export price amounted to $X per ton, declining by -6.5% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lettuce and chicory export price increased by +69.4% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to New Caledonia ($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 Fiji (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lettuce And Chicory Imports

Imports into Australia

Lettuce and chicory imports into Australia soared to X tons in 2022, increasing by 98,873% compared with 2021. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lettuce and chicory imports soared to $X in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons) and New Zealand (X tons) were the main suppliers of lettuce and chicory imports to Australia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +69.7%).

In value terms, New Zealand ($X) constituted the largest supplier of lettuce and chicory to Australia, comprising 72% of total imports. The second position in the ranking was taken by the United States ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand stood at +32.6%.

Import Prices by Country

The average lettuce and chicory import price stood at $X per ton in 2022, reducing by -51.7% against the previous year. In general, the import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2017 an increase of 100%. The import price peaked at $X per ton in 2021, and then dropped notably in the following year.

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 New Zealand ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+21.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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