Australia and Oceania: Tomato Juice Market 2024

Tomato Juice Market Size in Australia and Oceania

The tomato juice market in Australia and Oceania rose slightly to $X in 2022, increasing by X% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Tomato Juice Production in Australia and Oceania

In value terms, tomato juice production reached $X in 2022 estimated in export price. In general, production recorded tangible growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Tomato Juice Exports

Exports in Australia and Oceania

In 2022, after three years of decline, there was significant growth in shipments abroad of tomato juice, when their volume increased by X% to X tons. In general, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tomato juice exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 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 New Zealand (X tons), mixing up an X% share of total exports. Papua New Guinea (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) and Papua New Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest tomato juice supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In Australia, tomato juice exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 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 New Zealand ($X per ton), while Australia ($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 a decline in the export price figures.

Tomato Juice Imports

Imports in Australia and Oceania

In 2022, purchases abroad of tomato juice increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tomato juice imports surged to $X in 2022. In general, imports, however, showed a pronounced decrease. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Micronesia was the largest importing country with an import of around X tons, which finished at X% of total imports. New Zealand (X tons) ranks second in terms of the total imports with an X% share, followed by Australia (X%), Fiji (X%) and French Polynesia (X%). The following importers - New Caledonia (X tons) and Papua New Guinea (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tomato juice imports into Micronesia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, French Polynesia (X%), Fiji (X%), Papua New Guinea (X%), New Caledonia (X%) and Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Micronesia, New Zealand and French Polynesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tomato juice importing markets in Australia and Oceania were Australia ($X), Micronesia ($X) and Fiji ($X), together accounting for X% of total imports.

Among the main importing countries, Micronesia, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2017; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Micronesia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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