Australia: Fruit Flour Market 2023

Fruit Flour Market Size in Australia

In 2022, the Australian fruit flour market decreased by -7% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fruit Flour Exports

Exports from Australia

In 2022, shipments abroad of fruit flour decreased by -16.3% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 198%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, fruit flour exports shrank to $X in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2019 with an increase of 232%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X tons), Thailand (X tons) and China (X tons) were the main destinations of fruit flour exports from Australia, together comprising 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +49.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), New Zealand ($X) and China ($X) were the largest markets for fruit flour exported from Australia worldwide, together accounting for 93% of total exports.

New Zealand, with a CAGR of +48.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fruit flour export price amounted to $X per ton, picking up by 6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to New Zealand ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Fruit Flour Imports

Imports into Australia

In 2022, purchases abroad of fruit flour decreased by -13.6% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 71%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fruit flour imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 69%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Vietnam (X tons) and Sri Lanka (X tons) were the main suppliers of fruit flour imports to Australia, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +65.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit flour suppliers to Australia were Vietnam ($X), the United States ($X) and Sri Lanka ($X), together comprising 64% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +72.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fruit flour import price amounted to $X per ton, picking up by 8.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 an increase of 30%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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