Australia - Roots And Tubers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRoot and Tuber Price in Australia - 2023
Contents:
- Root and Tuber Price in Australia (FOB) - 2022
- Root and Tuber Price in Australia (CIF) - 2022
- Root and Tuber Exports in Australia
- Root and Tuber Imports in Australia
Root and Tuber Price in Australia (FOB) - 2022
The average root and tuber export price stood at $624 per ton in 2022, dropping by -5.7% against the previous year. In general, the export price saw a slight curtailment. The most prominent rate of growth was recorded in 2017 an increase of 15%. The export price peaked at $722 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Hong Kong SAR ($1,157 per ton), while the average price for exports to the Philippines ($395 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 (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Root and Tuber Price in Australia (CIF) - 2022
In 2022, the average root and tuber import price amounted to $2,301 per ton, rising by 8.8% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +9.4% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 26% against the previous year. The import price peaked in 2022 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 Fiji ($3,129 per ton), while the price for Tonga ($815 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Root and Tuber Exports in Australia
In 2022, root and tuber exports from Australia reduced slightly to 48K tons, dropping by -3.3% on 2021. Overall, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7%.
In value terms, root and tuber exports reduced to $30M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports attained the peak of $33M, and then declined in the following year.
| Export of Root and Tuber in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.1 | 5.3 | 7.1 | 8.7 | 7.0% |
| Singapore | 2.6 | 3.3 | 3.5 | 3.2 | 7.2% |
| Philippines | 2.1 | 3.0 | 3.7 | 3.1 | 13.9% |
| Thailand | 3.2 | 0.9 | 2.4 | 2.8 | -4.4% |
| Hong Kong SAR | 2.3 | 2.8 | 2.8 | 2.4 | 1.4% |
| Malaysia | 2.1 | 3.1 | 3.1 | 2.2 | 1.6% |
| Taiwan (Chinese) | 1.2 | 1.6 | 1.8 | 2.1 | 20.5% |
| United Arab Emirates | 3.4 | 2.6 | 3.2 | 1.6 | -22.2% |
| Indonesia | 1.3 | 2.8 | 2.3 | 1.6 | 7.2% |
| Others | 3.7 | 4.0 | 3.0 | 2.3 | -14.7% |
| Total | 29.0 | 29.5 | 32.8 | 29.9 | 1.0% |
Top Export Markets for Root and Tuber from Australia in 2022:
- South Korea (19.4K tons)
- Philippines (7.8K tons)
- Thailand (3.9K tons)
- Indonesia (3.0K tons)
- Singapore (2.9K tons)
- Taiwan (Chinese) (2.5K tons)
- Malaysia (2.3K tons)
- Hong Kong SAR (2.0K tons)
- United Arab Emirates (1.6K tons)
Root and Tuber Imports in Australia
In 2022, approx. 6.9K tons of roots and tubers were imported into Australia; which is down by -14.8% on the year before. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 8.1K tons, and then declined in the following year.
In value terms, root and tuber imports contracted to $16M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of $17M, and then dropped in the following year.
| Import of Root and Tuber in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 7.2 | 7.9 | 8.2 | 8.1 | 4.0% |
| China | 1.8 | 1.5 | 2.5 | 2.5 | 11.6% |
| Vietnam | 1.8 | 1.8 | 2.1 | 2.2 | 6.9% |
| Tonga | 1.1 | 1.0 | 1.3 | 0.8 | -10.1% |
| India | 0.3 | 0.4 | 0.5 | 0.4 | 10.1% |
| Thailand | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| Costa Rica | 0.2 | 0.3 | 0.3 | 0.2 | 0.0% |
| Others | 0.8 | 0.9 | 1.8 | 1.3 | 17.6% |
| Total | 13.6 | 14.1 | 17.1 | 15.9 | 5.3% |
Top Suppliers of Root and Tuber to Australia in 2022:
- Fiji (2579.7 tons)
- China (1208.1 tons)
- Vietnam (1018.9 tons)
- Tonga (976.7 tons)
- India (229.4 tons)
- Thailand (196.7 tons)
- Costa Rica (126.7 tons)
This report provides an in-depth analysis of the root and tuber market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 125 - Cassava
- FCL 149 - Roots and tubers nes
- FCL 122 - Sweet potatoes
- FCL 136 - Taro (Cocoyam)
- FCL 137 - Yams
- FCL 135 - Yautia (Cocoyam)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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