Australia and Oceania: Root And Tuber Market 2024

Root And Tuber Market Size in Australia and Oceania

The root and tuber market in Australia and Oceania expanded sharply to $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Root And Tuber Production in Australia and Oceania

In value terms, root and tuber production stood at $X in 2022 estimated in export price. Overall, production, however, showed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Australia (X tons), Papua New Guinea (X tons) and New Zealand (X tons), with a combined X% share of total production. Solomon Islands, Fiji and Vanuatu lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Fiji (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average root and tuber yield shrank slightly to X tons per ha in 2022, which is down by X% against the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the root and tuber yield attained the peak level at X tons per ha in 2012; however, from 2013 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 root and tuber harvested area reduced slightly to X ha in 2022, standing approx. at the year before. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to root and tuber production reached the maximum at X ha in 2021, and then shrank in the following year.

Root And Tuber Exports

Exports in Australia and Oceania

In 2022, exports of roots and tubers in Australia and Oceania expanded significantly to X tons, increasing by X% against 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, root and tuber exports surged to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Australia (X tons) represented the major exporter of roots and tubers, committing X% of total exports. New Zealand (X tons) ranks second in terms of the total exports with a X% share, followed by Fiji (X%). Tonga (X tons) took a relatively small share of total exports.

Exports from Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) and Tonga (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of Fiji (X p.p.) and Australia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Fiji, with a CAGR of X%, 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

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced more modest paces of growth.

Root And Tuber Imports

Imports in Australia and Oceania

After two years of decline, purchases abroad of roots and tubers increased by X% to X tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, root and tuber imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Fiji was the largest importer of roots and tubers in Australia and Oceania, with the volume of imports recording X tons, which was near X% of total imports in 2022. Australia (X tons) held the second position in the ranking, followed by New Zealand (X tons), French Polynesia (X tons) and Samoa (X tons). All these countries together held approx. X% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to root and tuber imports into Fiji stood at X%. At the same time, Australia (X%) and Samoa (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. French Polynesia experienced a relatively flat trend pattern. By contrast, New Zealand (X%) and New Caledonia (X%) illustrated a downward trend over the same period. Australia (X p.p.) and Samoa (X p.p.) significantly strengthened its position in terms of the total imports, while Fiji and New Zealand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest root and tuber importing markets in Australia and Oceania were Fiji ($X), Australia ($X) and New Zealand ($X), together accounting for X% of total imports.

In terms of the main importing countries, Australia, with a CAGR of X%, recorded 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

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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