Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia - 2023

Contents:

1. Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia (CIF) - 2023
2. Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia (FOB) - 2022
3. Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia
4. Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia

Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia (CIF) - 2023

In December 2023, the average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $1,486 per ton, which is down by -2.6% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 6.3% m-o-m. Over the period under review, average import prices hit record highs at $1,627 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($2,054 per ton), while the price for China ($1,215 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia (FOB) - 2022

In 2022, the average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $2,801 per ton, shrinking by -12.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. As a result, the export price reached the peak level of $3,208 per ton, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($6,327 per ton), while the average price for exports to Fiji ($986 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 the Philippines (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia

Imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen into Australia expanded significantly to 96K tons in 2022, surging by 12% compared with 2021. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen surged to $145M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Australia in 2022:

1. New Zealand (37.2K tons)
2. China (26.2K tons)
3. Belgium (15.2K tons)
4. France (5.5K tons)
5. India (2.3K tons)
6. Spain (2.3K tons)
7. United States (1.2K tons)

Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Australia

Exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen from Australia shrank significantly to 1.1K tons in 2022, with a decrease of -21.9% on 2021 figures. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 14%.

In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen declined significantly to $3.1M in 2022. In general, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, the exports reached the peak of $4.6M, and then declined remarkably in the following year.

Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Australia in 2022:

1. Papua New Guinea (352.3 tons)
2. New Zealand (197.1 tons)
3. Philippines (97.1 tons)
4. Vanuatu (69.7 tons)
5. Fiji (51.1 tons)
6. French Polynesia (44.1 tons)
7. Thailand (37.1 tons)
8. Kiribati (34.7 tons)
9. Nauru (34.6 tons)
10. Mauritius (33.3 tons)
11. Hong Kong SAR (32.7 tons)
12. Japan (18.2 tons)
13. Brunei Darussalam (17.2 tons)

Source: IndexBox Market Intelligence Platform