Australia: Tomato Market 2024

Tomato Market Size in Australia

The Australian tomato market totaled $X in 2023, growing by X% against the previous year. In general, consumption, however, recorded a slight downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Tomato Production in Australia

In value terms, tomato production rose modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a slight descent. The pace of growth appeared 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 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

The average yield of tomatoes in Australia fell to X tons per ha in 2023, standing approx. at the year before. The yield figure increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The tomato yield peaked at X tons per ha in 2018; however, from 2019 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of tomatoes were harvested in Australia; picking up by X% against the previous year's figure. Overall, the harvested area, however, showed a pronounced decrease. The growth pace was the most rapid in 2021 when the harvested area increased by X% against the previous year. The tomato harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Tomato Exports

Exports from Australia

In 2023, the amount of tomatoes exported from Australia soared to X tons, with an increase of X% on the previous year's figure. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, tomato exports surged to $X in 2023. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

New Zealand (X tons), Singapore (X tons) and New Caledonia (X tons) were the main destinations of tomato exports from Australia, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for New Caledonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato exported from Australia were Singapore ($X), New Zealand ($X) and Hong Kong SAR ($X), together comprising X% of total exports. New Caledonia, Fiji, Brunei Darussalam and Papua New Guinea lagged somewhat behind, together comprising a further X%.

New Caledonia, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average tomato export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then contracted markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Imports

Imports into Australia

In 2021, the amount of tomatoes imported into Australia shrank dramatically to X tons, which is down by X% against the previous year's figure. Overall, imports saw a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tomato imports reduced sharply to $X in 2021. In general, imports recorded a significant contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, New Zealand (X tons) constituted the largest tomato supplier to Australia, with a X% share of total imports. Moreover, tomato imports from New Zealand exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from New Zealand totaled X%.

In value terms, New Zealand ($X) constituted the largest supplier of tomatoes to Australia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from New Zealand stood at X%.

Import Prices by Country

In 2021, the average tomato import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform