Australia and Oceania: Vegetable Market 2024

Vegetable Market Size in Australia and Oceania

The vegetable market in Australia and Oceania fell to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Vegetable Production in Australia and Oceania

In value terms, vegetable production shrank slightly 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 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The country with the largest volume of vegetable production was Australia (X tons), accounting for X% of total volume. Moreover, vegetable production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), twofold.

In Australia, vegetable production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

In 2022, the average vegetable yield in Australia and Oceania amounted to X tons per ha, remaining constant against 2021 figures. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the vegetable yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetables were harvested in Australia and Oceania; which is down by X% against the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then shrank in the following year.

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Vegetable Exports

Exports in Australia and Oceania

In 2022, overseas shipments of vegetables decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, vegetable exports declined rapidly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) and Australia (X tons) represented roughly X% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%).

In value terms, the largest vegetable supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

In terms of the main exporting countries, Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

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

Vegetable Imports

Imports in Australia and Oceania

In 2022, overseas purchases of vegetables were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Fiji (X tons) and Australia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by New Zealand (X tons), Samoa (X tons), French Polynesia (X tons) and Papua New Guinea (X tons), together constituting a X% share of total imports. New Caledonia (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Samoa (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable importing markets in Australia and Oceania were Australia ($X), Fiji ($X) and New Zealand ($X), with a combined X% share of total imports.

Fiji, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform