Australia and Oceania: Groundnuts Market 2024

Groundnuts Market Size in Australia and Oceania

In 2022, the groundnuts market in Australia and Oceania decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Groundnuts Production in Australia and Oceania

In value terms, groundnuts production expanded notably to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Australia (X tons) remains the largest groundnuts producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, groundnuts production in Australia exceeded the figures recorded by the second-largest producer, Vanuatu (X tons), sixfold. Papua New Guinea (X tons) ranked third in terms of total production with a X% share.

In Australia, groundnuts production decreased by 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: Vanuatu (X% per year) and Papua New Guinea (X% per year).

The average groundnuts yield reduced modestly to X tons per ha in 2022, waning by X% compared with 2021 figures. Overall, the yield showed a slight slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat 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 ground-nut (in-shell) production in Australia and Oceania fell to X ha, declining by X% compared with the year before. Overall, the harvested area recorded a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Groundnuts Exports

Exports in Australia and Oceania

In 2022, overseas shipments of ground-nut (in-shell) were finally on the rise to reach X tons after four years of decline. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports reduced to $X in 2022. Over the period under review, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Fiji (X tons), committing a X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Fiji and Australia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest groundnuts supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Fiji ($X), with an X% share of total exports.

In Australia, groundnuts exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. 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 contracted markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Australia totaled $X per ton.

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

Groundnuts Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in purchases abroad of ground-nut (in-shell), when their volume decreased by X% to X tons. Overall, imports faced a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped markedly in the following year.

In value terms, groundnuts imports reduced markedly to $X in 2022. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) was the main importer of ground-nut (in-shell), committing X% of total imports. Australia (X tons) ranks second in terms of the total imports with a X% share, followed by Papua New Guinea (X%).

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, New Zealand ($X) constitutes the largest market for imported ground-nut (in-shell) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports.

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

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 buoyant growth. 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 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($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.

Source: IndexBox Platform

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