Australia: Pineapple Market 2024

Pineapple Market Size in Australia

The Australian pineapple market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Pineapple Production in Australia

In value terms, pineapple production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 82%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average pineapple yield in Australia expanded slightly to X tons per ha, picking up by 2.9% compared with 2021 figures. Over the period under review, the yield, however, showed a mild decline. The most prominent rate of growth was recorded in 2013 when the yield increased by 19% against the previous year. Over the period under review, the average pineapple yield reached the peak level at X tons per ha in 2014; however, from 2015 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.

The pineapple harvested area in Australia shrank to X ha in 2022, almost unchanged from the previous year's figure. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. The pineapple harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Pineapple Exports

Exports from Australia

In 2022, after two years of decline, there was significant growth in overseas shipments of pineapples, when their volume increased by 441% to X tons. Overall, exports, however, continue to indicate a slight slump. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pineapple exports surged to $X in 2022. Over the period under review, exports, however, saw a perceptible decrease. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for pineapple exports from Australia, with a 77% share of total exports. Moreover, pineapple exports to New Zealand exceeded the volume sent to the second major destination, New Caledonia (X tons), more than tenfold. Nauru (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (-13.8% per year) and Nauru (-2.1% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for pineapples exports from Australia, comprising 62% of total exports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total exports. It was followed by New Caledonia, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+24.4% per year) and New Caledonia (-17.4% per year).

Export Prices by Country

In 2022, the average pineapple export price amounted to $X per ton, dropping by -22.5% against the previous year. Over the period under review, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 52% against the previous year. As a result, the export price reached 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 Kuwait ($X per ton), while the average price for exports to New Zealand ($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 (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Pineapple Imports

Imports into Australia

In 2022, supplies from abroad of pineapples decreased by -43.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 142%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, pineapple imports surged to $X in 2022. In general, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 81%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of pineapple to Australia, with a 61% share of total imports. Moreover, pineapple imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+106.5% per year) and Taiwan (Chinese) (+57.4% per year).

In value terms, Vietnam ($X), Thailand ($X) and New Zealand ($X) were the largest pineapple suppliers to Australia, with a combined 79% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +117.8%, saw the highest growth rate of 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 pineapple import price stood at $X per ton in 2022, with an increase of 117% against the previous year. Overall, the import price showed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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