Australia: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in Australia

In 2021, the Australian peach and nectarine market increased by 0.8% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by 8%. Peach and nectarine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Peach And Nectarine Production in Australia

In value terms, peach and nectarine production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 11%. Peach and nectarine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of peaches and nectarines in Australia shrank slightly to X tons per ha in 2021, remaining constant against the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 1.3%. Over the period under review, the average peach and nectarine yield attained the maximum level at X tons per ha in 2020, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of peaches and nectarines in Australia totaled X ha, picking up by 3.8% compared with the previous year. In general, the harvested area, however, saw a pronounced downturn. The growth pace was the most rapid in 2015 with an increase of 12%. Over the period under review, the harvested area dedicated to peach and nectarine production attained the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Peach And Nectarine Exports

Exports from Australia

In 2021, the amount of peaches and nectarines exported from Australia reached X tons, with an increase of 1.9% compared with 2020 figures. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 33% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, peach and nectarine exports soared to $X in 2021. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 46%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for peach and nectarine exports from Australia, with a 57% share of total exports. Moreover, peach and nectarine exports to China exceeded the volume sent to the second major destination, Singapore (X tons), sixfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +66.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+3.9% per year) and the United Arab Emirates (-4.9% per year).

In value terms, China ($X) remains the key foreign market for peach and nectarine exports from Australia, comprising 58% of total exports. The second position in the ranking was held by Singapore ($X), with a 7.9% share of total exports. It was followed by the United Arab Emirates, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +71.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+5.9% per year) and the United Arab Emirates (-5.7% per year).

Export Prices by Country

The average peach and nectarine export price stood at $X per ton in 2021, rising by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Peach And Nectarine Imports

Imports into Australia

After two years of decline, supplies from abroad of peaches and nectarines increased by 16% to X tons in 2021. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2013 when imports increased by 27,802%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, peach and nectarine imports soared to $X in 2021. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 19,137%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main peach and nectarine supplier to Australia, with a 97% share of total imports. It was followed by China (X tons), with a 2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -6.8%.

In value terms, the United States ($X) constituted the largest supplier of peach and nectarine to Australia, comprising 99% of total imports. The second position in the ranking was held by China ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +4.0%.

Import Prices by Country

The average peach and nectarine import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period under review, the import price recorded strong growth. The growth pace was the most rapid in 2017 an increase of 70% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.6%).

Source: IndexBox Platform

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