Australia and Oceania: Cassava Market 2024

Cassava Market Size in Australia and Oceania

In 2023, the cassava market in Australia and Oceania increased by X% to $X, rising for the eighth consecutive year after two years of decline. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Cassava Production in Australia and Oceania

In value terms, cassava production declined slightly to $X in 2023 estimated in export price. In general, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Papua New Guinea (X tons), Fiji (X tons) and Micronesia (X tons), with a combined X% share of total production.

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

The average cassava yield expanded to X tons per ha in 2023, with an increase of X% on the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2023, the growth of the cassava yield remained at a 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, the harvested area of cassava in Australia and Oceania shrank to X ha, waning by X% compared with 2022. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to cassava production attained the maximum at X ha in 2014; however, from 2015 to 2023, the harvested area remained at a lower figure.

Cassava Exports

Exports in Australia and Oceania

In 2023, shipments abroad of cassava was finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, cassava exports expanded significantly to $X in 2023. The total export value increased at an average annual rate of X% over the period 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 2020 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Tonga (X tons) and Fiji (X tons) prevails in exports structure, together achieving X% of total exports. Solomon Islands (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Tonga (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Tonga ($X), Fiji ($X) and Solomon Islands ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Tonga, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the export price figures.

Cassava Imports

Imports in Australia and Oceania

In 2023, the amount of cassava imported in Australia and Oceania skyrocketed to X tons, surging by X% on the previous year. Total imports indicated a measured increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked in 2023 and is likely to continue growth in years to come.

In value terms, cassava imports soared to $X in 2023. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Australia (X tons) represented the largest importer of cassava, achieving X% of total imports. It was distantly followed by New Zealand (X tons), comprising a X% share of total imports.

Australia was also the fastest-growing in terms of the cassava imports, with a CAGR of X% from 2012 to 2023. At the same time, New Zealand (X%) displayed positive paces of growth. From 2012 to 2023, the share of Australia increased by X percentage points.

In value terms, Australia ($X) constitutes the largest market for imported cassava in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Australia amounted to X%.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, which is down by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cassava import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2022, and then dropped in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform