Australia and Oceania: Vinegar Market 2024

Vinegar Market Size in Australia and Oceania

The vinegar market in Australia and Oceania shrank to $X in 2023, waning by X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Vinegar Production in Australia and Oceania

In value terms, vinegar production shrank slightly to $X in 2023 estimated in export price. The total production indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

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Vinegar Exports

Exports in Australia and Oceania

In 2023, after two years of growth, there was significant decline in shipments abroad of vinegar, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded notable growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, vinegar exports contracted significantly to $X in 2023. Overall, exports, however, saw a notable expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Australia (X tons) and New Zealand (X tons) represented the main exporter of vinegar in Australia and Oceania, making up X% of total export.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%).

In value terms, New Zealand ($X) and Australia ($X) were the countries with the highest levels of exports in 2023.

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

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Vinegar Imports

Imports in Australia and Oceania

In 2023, after three years of growth, there was significant decline in overseas purchases of vinegar, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, vinegar imports plummeted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then contracted rapidly in the following year.

Imports by Country

In 2023, Australia (X tons) represented the largest importer of vinegar, mixing up X% of total imports. It was distantly followed by New Zealand (X tons), mixing up a X% share of total imports. The following importers - French Polynesia (X tons) and Fiji (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to vinegar imports into Australia stood at X%. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. French Polynesia experienced a relatively flat trend pattern. From 2012 to 2023, the share of New Zealand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported vinegar in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by French Polynesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Australia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and French Polynesia (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform