Australia: Tomato Juice Market 2024

Tomato Juice Market Size in Australia

The Australian tomato juice market was estimated at $X in 2022, flattening at the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Tomato Juice Production in Australia

In value terms, tomato juice production rose to $X in 2022 estimated in export price. Over the period under review, production recorded noticeable growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 139%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Tomato Juice Exports

Exports from Australia

In 2022, shipments abroad of tomato juice increased by 130% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 236% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato juice exports surged to $X in 2022. In general, exports, however, saw a deep setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for tomato juice exports from Australia, with a 40% share of total exports. Moreover, tomato juice exports to New Zealand exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was held by Fiji (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-17.8% per year) and Fiji (-6.8% per year).

In value terms, the largest markets for tomato juice exported from Australia were New Zealand ($X), Singapore ($X) and Fiji ($X), together accounting for 61% of total exports. The United States, the UK, Vanuatu, South Africa, Thailand, New Caledonia, Papua New Guinea and Nauru lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Thailand, with a CAGR of +23.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tomato juice export price amounted to $X per ton, picking up by 5.6% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 74% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Nauru ($X per ton), while the average price for exports to New Zealand ($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 Nauru (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Tomato Juice Imports

Imports into Australia

In 2022, supplies from abroad of tomato juice was finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a deep slump. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato juice imports surged to $X in 2022. Over the period under review, imports, however, showed a abrupt curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Mexico (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of tomato juice imports to Australia, together comprising 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +171.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and China ($X) were the largest tomato juice suppliers to Australia, together accounting for 76% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +179.3%, 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 tomato juice import price stood at $X per ton in 2022, growing by 6.2% against the previous year. Overall, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+57.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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