Australia: Root And Tuber Market 2024

Root And Tuber Market Size in Australia

In 2022, the Australian root and tuber market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a perceptible contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Root And Tuber Production in Australia

In value terms, root and tuber production stood at $X in 2022 estimated in export price. Overall, production recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Root and tuber production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of roots and tubers in Australia fell to X tons per ha in 2022, stabilizing at 2021. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by X%. The root and tuber yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the 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.

The root and tuber harvested area in Australia declined to X ha in 2022, which is down by X% on the previous year's figure. Over the period under review, the harvested area showed a slight slump. The pace of growth was the most pronounced in 2021 with an increase of X%. The root and tuber harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Australia

In 2022, approx. X tons of roots and tubers were exported from Australia; declining by X% against the previous year. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, root and tuber exports contracted to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

South Korea (X tons) was the main destination for root and tuber exports from Australia, accounting for a X% share of total exports. Moreover, root and tuber exports to South Korea exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Thailand (X% per year).

In value terms, South Korea ($X) remains the key foreign market for roots and tubers exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with an X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the Philippines (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price showed a slight slump. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Australia

Root and tuber imports into Australia dropped to X tons in 2022, shrinking by X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, root and tuber imports shrank to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Fiji (X tons) constituted the largest supplier of root and tuber to Australia, with a X% share of total imports. Moreover, root and tuber imports from Fiji exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Fiji totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, Fiji ($X) constituted the largest supplier of roots and tubers to Australia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Fiji amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price 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, root and tuber import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Fiji ($X per ton), while the price for Tonga ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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