Australia and Oceania: Chestnut Market 2024

Chestnut Market Size in Australia and Oceania

After two years of growth, the chestnut market in Australia and Oceania decreased by X% to $X in 2022. In general, consumption, however, recorded a strong expansion. The level of consumption peaked at $X in 2021, and then declined in the following year.

Chestnut Production in Australia and Oceania

In value terms, chestnut production expanded notably 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 growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The country with the largest volume of chestnut production was Australia (X tons), comprising approx. X% of total volume. Moreover, chestnut production in Australia exceeded the figures recorded by the second-largest producer, Fiji (X tons), ninefold.

In Australia, chestnut production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Fiji (X% per year) and New Zealand (X% per year).

Chestnut Exports

Exports in Australia and Oceania

In 2022, the amount of chestnuts exported in Australia and Oceania skyrocketed to X tons, rising by X% compared with the year before. Over the period under review, exports, however, showed a drastic downturn. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, chestnut exports stood at $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Fiji was the major exporter of chestnuts in Australia and Oceania, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Australia (X kg), achieving a X% share of total exports.

Fiji experienced a relatively flat trend pattern with regard to volume of exports of chestnuts. Australia (X%) illustrated a downward trend over the same period. Fiji (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Fiji ($X) emerged as the largest chestnut supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

In Fiji, chestnut exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined remarkably in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Chestnut Imports

Imports in Australia and Oceania

In 2022, chestnut imports in Australia and Oceania dropped sharply to X tons, which is down by X% compared with 2021 figures. In general, imports faced a deep reduction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, chestnut imports declined remarkably to $X in 2022. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

New Caledonia represented the largest importer of chestnuts in Australia and Oceania, with the volume of imports recording X kg, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X kg), making up a X% share of total imports. Papua New Guinea (X kg), Australia (X kg) and French Polynesia (X kg) took a little share of total imports.

New Caledonia was also the fastest-growing in terms of the chestnuts imports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. By contrast, French Polynesia (X%), Papua New Guinea (X%) and Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Caledonia, New Zealand and Papua New Guinea increased by X, X and X percentage points, respectively.

In value terms, the largest chestnut importing markets in Australia and Oceania were New Caledonia ($X), Australia ($X) and French Polynesia ($X), with a combined X% share of total imports.

In terms of the main importing countries, New Caledonia, 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 a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price posted a modest increase. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2015; afterwards, it flattened through to 2022.

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 ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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