Australia: Vegetable Puree Market 2024

Vegetable Puree Market Size in Australia

In 2022, the Australian vegetable puree market decreased by -14.6% to $X, falling for the third year in a row after six years of growth. In general, consumption, however, showed a tangible increase. Vegetable puree consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vegetable Puree Production in Australia

In value terms, vegetable puree production reduced slightly to $X in 2022 estimated in export price. In general, production showed a slight decrease. The most prominent rate of growth was recorded in 2016 with an increase of 37%. Vegetable puree production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vegetable Puree Exports

Exports from Australia

Vegetable puree exports from Australia surged to X tons in 2022, rising by 111% on the previous year's figure. In general, exports, however, saw a abrupt setback. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vegetable puree exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for vegetable puree exports from Australia, with a 61% share of total exports. Moreover, vegetable puree exports to New Zealand exceeded the volume sent to the second major destination, Singapore (X tons), ninefold. The third position in this ranking was taken by Papua New Guinea (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-14.0% per year) and Papua New Guinea (+11.8% per year).

In value terms, New Zealand ($X) remains the key foreign market for vegetable puree exports from Australia, comprising 47% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by Singapore, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-11.0% per year) and Singapore (-10.6% per year).

Export Prices by Country

The average vegetable puree export price stood at $X per ton in 2022, falling by -20.1% against the previous year. Over the period under review, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 29%. The export price peaked at $X per ton in 2019; however, from 2020 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 Japan ($X per ton), while the average price for exports to Indonesia ($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 Saudi Arabia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into Australia

In 2022, supplies from abroad of vegetable puree was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 407% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, vegetable puree imports skyrocketed to $X in 2022. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 313%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Greece (X tons) constituted the largest supplier of vegetable puree to Australia, accounting for a 50% share of total imports. Moreover, vegetable puree imports from Greece exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. New Zealand (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Greece amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+18.9% per year) and New Zealand (-6.2% per year).

In value terms, Greece ($X) constituted the largest supplier of vegetable puree to Australia, comprising 51% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Greece amounted to +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-7.5% per year) and the United States (+8.3% per year).

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, jumping by 46% against the previous year. Overall, the import price showed a strong increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 202% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+60.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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