Australia: Root And Tuber Market 2024

Root And Tuber Market Size in Australia

After two years of growth, the Australian root and tuber market decreased by X% to $X in 2022. Over the period under review, consumption saw a pronounced decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Root And Tuber Production in Australia

In value terms, root and tuber production totaled $X in 2022 estimated in export price. Overall, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Root and tuber production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of roots and tubers in Australia dropped modestly to X tons per ha in 2022, standing approx. at the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the average root and tuber yield reached the maximum level at X tons per ha in 2016; however, from 2017 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, approx. X ha of roots and tubers were harvested in Australia; with a decrease of X% compared with 2021. Overall, the harvested area saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The root and tuber harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Australia

Root and tuber exports from Australia reduced slightly to X tons in 2022, with a decrease of X% compared with the year before. In general, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, root and tuber exports shrank to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

South Korea (X tons) was the main destination for root and tuber exports from Australia, with a X% share of total exports. Moreover, root and tuber exports to South Korea exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Thailand (X% per year).

In value terms, South Korea ($X) remains the key foreign market for roots and tubers exports from Australia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with an X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the Philippines (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Philippines ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Australia

In 2022, the amount of roots and tubers imported into Australia fell to X tons, with a decrease of X% on the previous year. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, root and tuber imports dropped to $X in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Fiji (X tons) constituted the largest root and tuber supplier to Australia, accounting for a X% share of total imports. Moreover, root and tuber imports from Fiji exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Fiji stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, Fiji ($X) constituted the largest supplier of roots and tubers to Australia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Fiji stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber import price increased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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