Australia and Oceania: Banana And Plantain Market 2024

Banana And Plantain Market Size in Australia and Oceania

The banana and plantain market in Australia and Oceania totaled $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Banana And Plantain Production in Australia and Oceania

In value terms, banana and plantain production expanded modestly to $X in 2022 estimated in export price. The total output 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

The country with the largest volume of banana and plantain production was Papua New Guinea (X tons), accounting for X% of total volume. Moreover, banana and plantain production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Australia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume in Papua New Guinea was relatively modest.

In 2022, the average yield of bananas and plantains in Australia and Oceania was estimated at X tons per ha, flattening at the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the yield increased by X%. The level of yield peaked at X tons per ha in 2018; however, from 2019 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.

In 2022, the total area harvested in terms of bananas and plantains production in Australia and Oceania was estimated at X ha, flattening at the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to banana and plantain production attained the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Banana And Plantain Exports

Exports in Australia and Oceania

In 2022, banana and plantain exports in Australia and Oceania shrank markedly to X tons, falling by X% against 2021 figures. In general, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, banana and plantain exports dropped notably to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

The biggest shipments were from Tonga (X tons), Guam (X tons) and Australia (X tons), together amounting to X% of total export. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together mixing up a X% share of total exports. Samoa (X tons) held a little share of total exports.

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

In value terms, Australia ($X) remains the largest banana and plantain supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Guam ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%. In the other countries, the average annual rates were as follows: Guam (X% per year) and New Zealand (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

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

Banana And Plantain Imports

Imports in Australia and Oceania

In 2022, overseas purchases of bananas and plantains decreased by X% to X tons, falling for the fourth consecutive year after five years of growth. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports stood at $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the one major importers of bananas and plantains, namely New Zealand, represented more than two-thirds of total import.

New Zealand experienced a relatively flat trend pattern with regard to volume of imports of bananas and plantains. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported bananas and plantains in Australia and Oceania.

In New Zealand, banana and plantain imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to X% per year.

Source: IndexBox Platform

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