Australia and Oceania: Banana Market 2024

Banana Market Size in Australia and Oceania

The banana market in Australia and Oceania shrank rapidly to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a slight slump. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Banana Production in Australia and Oceania

In value terms, banana production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of banana production was Papua New Guinea (X tons), comprising approx. X% of total volume. Moreover, banana production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Australia (X tons), fivefold.

In Papua New Guinea, banana production remained relatively stable over the period from 2012-2022.

In 2022, the average banana yield in Australia and Oceania contracted modestly to X tons per ha, remaining constant against 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2018; however, from 2019 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.

In 2022, approx. X ha of bananas were harvested in Australia and Oceania; waning by X% against the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the banana harvested area failed to regain momentum.

Banana Exports

Exports in Australia and Oceania

In 2022, the amount of bananas exported in Australia and Oceania soared to X tons, growing by X% on the previous year's figure. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana exports declined sharply to $X in 2022. In general, exports showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) and Guam (X tons) represented the largest exporters of bananas in 2022, reaching approx. X% and X% of total exports, respectively. Samoa (X tons) took the next position in the ranking, followed by Tonga (X tons). All these countries together took near X% share of total exports. New Zealand (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Guam ($X) and Samoa ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Samoa, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, declining by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Banana Imports

Imports in Australia and Oceania

In 2022, imports of bananas in Australia and Oceania shrank slightly to X tons, with a decrease of X% against the year before. 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 in certain years. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, banana imports expanded slightly to $X in 2022. The total import value 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 2013 when imports increased by X%. The level of import peaked at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

The countries with the highest levels of banana imports in 2022 were New Zealand (X tons), together amounting to X% of total import.

New Zealand was also the fastest-growing in terms of the bananas imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported bananas in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to X% per year.

Source: IndexBox Platform

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