Australia and Oceania: Potato Market 2024

Potato Market Size in Australia and Oceania

The potato market in Australia and Oceania was estimated at $X in 2023, picking up by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Potato Production in Australia and Oceania

In value terms, potato production reached $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2012; afterwards, it flattened through to 2023.

Australia (X tons) constituted the country with the largest volume of potato production, accounting for X% of total volume. Moreover, potato production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), twofold.

In Australia, potato production remained relatively stable over the period from 2012-2023.

The average potato yield dropped modestly to X tons per ha in 2023, waning by X% compared with 2022. In general, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The level of yield peaked at X tons per ha in 2022, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of potatoes were harvested in Australia and Oceania; picking up by X% compared with 2022. Over the period under review, the harvested area, however, recorded a mild reduction. The growth pace was the most rapid in 2021 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to potato production attained the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Potato Exports

Exports in Australia and Oceania

In 2023, the amount of potatoes exported in Australia and Oceania stood at X tons, approximately reflecting the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, potato exports surged to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, Australia (X tons) represented the major exporter of potatoes, achieving X% of total exports. It was distantly followed by New Zealand (X tons), comprising a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of X%).

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2023.

Among the main exporting countries, New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Potato Imports

Imports in Australia and Oceania

In 2023, potato imports in Australia and Oceania dropped to X tons, shrinking by X% compared with the previous year's figure. In general, imports recorded a mild setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, potato imports skyrocketed to $X in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in years to come.

Imports by Country

In 2023, Fiji (X tons) was the key importer of potatoes, creating X% of total imports. French Polynesia (X tons) held the second position in the ranking, followed by Samoa (X tons). All these countries together took near X% share of total imports. New Caledonia (X tons), Kiribati (X tons), Tonga (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

Imports into Fiji decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kiribati (X%) and Tonga (X%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. French Polynesia and Samoa experienced a relatively flat trend pattern. By contrast, New Caledonia (X%) and Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of French Polynesia and Kiribati increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Fiji ($X) constitutes the largest market for imported potatoes in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by French Polynesia ($X), with a X% share of total imports. It was followed by Samoa, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Fiji totaled X%. In the other countries, the average annual rates were as follows: French Polynesia (X% per year) and Samoa (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Import price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, potato import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Fiji ($X per ton), while Kiribati ($X per ton) was amongst the lowest.

From 2012 to 2023, 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