Australia: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Australia

The Australian market for peel of citrus fruit or melons declined markedly to $X in 2021, waning by -21.6% against the previous year. Over the period under review, consumption recorded a pronounced contraction. Citrus fruit or melons peel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Peel Of Citrus Fruit Or Melons in Australia

In value terms, citrus fruit or melons peel production fell rapidly to $X in 2021 estimated in export price. In general, production saw a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 75%. Citrus fruit or melons peel production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Australia

Citrus fruit or melons peel exports from Australia dropped markedly to X tons in 2021, with a decrease of -18.6% compared with 2020. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,768%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, citrus fruit or melons peel exports totaled $X in 2021. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,411%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for citrus fruit or melons peel exports from Australia, accounting for a 71% share of total exports. Moreover, citrus fruit or melons peel exports to Japan exceeded the volume sent to the second major destination, New Zealand (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +115.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+9.4% per year) and Hong Kong SAR (+4.4% per year).

In value terms, Japan ($X) emerged as the key foreign market for peel of citrus fruit or melons exports from Australia, comprising 76% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +78.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+6.7% per year) and Hong Kong SAR (+3.1% per year).

Export Prices by Country

The average export price for peel of citrus fruit or melons stood at $X per ton in 2021, surging by 31% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Hong Kong SAR ($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 Hong Kong SAR (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Australia

In 2021, the amount of peel of citrus fruit or melons imported into Australia totaled X tons, picking up by 3.4% against 2020 figures. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 191% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports fell significantly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 96%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest citrus fruit or melons peel supplier to Australia, with a 42% share of total imports. Moreover, citrus fruit or melons peel imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.8% per year) and China (+4.2% per year).

In value terms, Spain ($X), the United States ($X) and China ($X) were the largest citrus fruit or melons peel suppliers to Australia, with a combined 75% share of total imports. Germany, France, the UK, Hong Kong SAR and Italy lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, France, with a CAGR of +46.6%, saw the highest rates of growth with regard to 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

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, which is down by -19.9% against the previous year. In general, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 161% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :