Australia - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSweet Potato Price in Australia - 2023
Contents:
- Sweet Potato Price in Australia (FOB) - 2023
- Sweet Potato Price in Australia (CIF) - 2023
- Sweet Potato Exports in Australia
- Sweet Potato Imports in Australia
Sweet Potato Price in Australia (FOB) - 2023
In July 2023, the average sweet potato export price amounted to $1,204 per ton, dropping by -12.6% against the previous month. Overall, the export price saw a slight downturn. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 26% m-o-m. The export price peaked at $1,474 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Hong Kong SAR ($2,388 per ton), while the average price for exports to Malaysia ($872 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Sweet Potato Price in Australia (CIF) - 2023
The average sweet potato import price stood at $1,034 per ton in July 2023, dropping by -55.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 123% against the previous month. The import price peaked at $2,604 per ton in September 2022; however, from October 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($2,023 per ton), while the price for Thailand amounted to $1,020 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Tonga (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Potato Exports in Australia
For the third year in a row, Australia recorded decline in overseas shipments of sweet potatoes, which decreased by -31.2% to 1.1K tons in 2022. In general, exports showed a precipitous slump. The smallest decline of -9.4% was in 2020.
In value terms, sweet potato exports contracted markedly to $1.4M in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $2.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sweet Potato in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,349 | 963 | 1,002 | 421 | -32.2% |
| Singapore | 92.0 | 373 | 505 | 371 | 59.2% |
| Hong Kong SAR | 266 | 266 | 233 | 189 | -10.8% |
| Malaysia | 54.9 | 255 | 236 | 177 | 47.7% |
| Thailand | 12.2 | 52.1 | 30.3 | 122 | 115.4% |
| Qatar | 118 | 201 | 190 | 105 | -3.8% |
| United Kingdom | N/A | 126 | N/A | N/A | 0% |
| Netherlands | 106 | 82.0 | N/A | N/A | -22.6% |
| Others | 92.2 | 135 | 30.6 | 21.8 | -38.2% |
| Total | 2,090 | 2,453 | 2,227 | 1,405 | -12.4% |
Top Export Markets for Sweet Potato from Australia in 2022:
- United Arab Emirates (365.3 tons)
- Singapore (303.2 tons)
- Thailand (115.5 tons)
- Qatar (113.6 tons)
- Malaysia (83.1 tons)
- Hong Kong SAR (61.4 tons)
Sweet Potato Imports in Australia
In 2022, imports of sweet potatoes into Australia declined significantly to 927 tons, waning by -28.7% compared with the previous year's figure. In general, imports showed a pronounced contraction. The growth pace was the most rapid in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of 1.3K tons, and then declined remarkably in the following year.
In value terms, sweet potato imports fell dramatically to $1.2M in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports reached the peak of $1.4M, and then declined sharply in the following year.
| Import of Sweet Potato in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 601 | 397 | 949 | 588 | -0.7% |
| Spain | 68.6 | 153 | 154 | 195 | 41.7% |
| Vietnam | 84.6 | 97.4 | 116 | 141 | 18.6% |
| United States | 121 | N/A | N/A | 127 | 1.6% |
| Thailand | N/A | N/A | N/A | 55.7 | 0% |
| Belgium | 200 | 5.3 | N/A | N/A | -97.4% |
| Tonga | 132 | 72.0 | 93.7 | N/A | -15.7% |
| Others | 52.7 | 67.2 | 88.9 | 75.9 | 12.9% |
| Total | 1,261 | 793 | 1,402 | 1,182 | -2.1% |
Top Suppliers of Sweet Potato to Australia in 2022:
- China (581.3 tons)
- Spain (114.4 tons)
- Thailand (76.0 tons)
- Vietnam (70.4 tons)
- United States (66.8 tons)
This report provides an in-depth analysis of the sweet potato 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 122 - Sweet potatoes
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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