Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Australia - 2024
Contents:
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia (CIF) - 2024
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia (FOB) - 2022
- Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia
- Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia (CIF) - 2024
In January 2024, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $2,545 per ton, increasing by 15% against the previous month. Over the period under review, the import price, however, saw a mild descent. Over the period under review, average import prices hit record highs at $2,935 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($2,912 per ton), while the price for Egypt ($1,552 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Argentina (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia (FOB) - 2022
The average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $3,140 per ton in 2022, picking up by 61% against the previous year. In general, the export price continues to indicate perceptible growth. The growth pace was the most rapid in 2017 an increase of 335%. As a result, the export price reached the peak level of $9,840 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($5,185 per ton), while the average price for exports to Christmas Island ($543 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 Malaysia (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia
Imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia into Australia surged to 6.6K tons in 2022, growing by 16% compared with 2021. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 20% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia skyrocketed to $18M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 7.4 | 8.8 | 10.7 | 13.6 | 22.5% |
| Spain | 1.9 | 1.6 | 1.3 | 2.1 | 3.4% |
| Italy | 0.7 | 0.5 | 1.1 | 0.9 | 8.7% |
| Egypt | 0.4 | 0.3 | 0.1 | 0.6 | 14.5% |
| Peru | N/A | 0.1 | N/A | 0.5 | 123.6% |
| Chile | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Argentina | 0.3 | 0.1 | 0.3 | 0.3 | 0.0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 10.8 | 11.8 | 13.6 | 18.3 | 19.2% |
Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Australia in 2022:
- Greece (4359.7 tons)
- Spain (868.2 tons)
- Egypt (639.9 tons)
- Italy (284.1 tons)
- Peru (161.4 tons)
- Chile (134.0 tons)
- Argentina (133.0 tons)
Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia
In 2022, shipments abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia decreased by -22.9% to 18 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 13%. As a result, the exports reached the peak of 39 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia surged to $57K in 2022. In general, exports recorded a dramatic setback.
| Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 14.2 | 39.0 | 39.3 | 27.6 | 24.8% |
| Hong Kong SAR | N/A | N/A | N/A | 13.6 | 0% |
| Indonesia | 10.3 | N/A | 1.1 | 10.5 | 0.6% |
| Papua New Guinea | 20.9 | 2.3 | N/A | 3.7 | -43.8% |
| Christmas Island | N/A | N/A | N/A | 0.3 | 0% |
| New Zealand | 54.0 | 37.2 | 4.3 | 0.3 | -82.3% |
| Japan | 22.9 | N/A | N/A | N/A | 0% |
| Lebanon | N/A | 18.0 | N/A | N/A | 0% |
| Others | 35.0 | 3.8 | 1.5 | 1.3 | -66.6% |
| Total | 157 | 100 | 46.3 | 57.3 | -28.5% |
Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Australia in 2022:
- Greece (10.7 tons)
- Indonesia (2.6 tons)
- Hong Kong SAR (2.6 tons)
- Papua New Guinea (1.4 tons)
- Christmas Island (0.6 tons)
- New Zealand (0.2 tons)
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