Australia and Oceania: Sweet Potato Market 2024

Sweet Potato Market Size in Australia and Oceania

In 2023, the sweet potato market in Australia and Oceania increased by X% to $X, rising for the second consecutive year after six years of decline. In general, consumption, however, recorded a slight shrinkage. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Sweet Potato Production in Australia and Oceania

In value terms, sweet potato production expanded modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Papua New Guinea (X tons) constituted the country with the largest volume of sweet potato production, comprising approx. X% of total volume. Moreover, sweet potato production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Solomon Islands (X tons), sevenfold.

From 2012 to 2023, the average annual growth rate of volume in Papua New Guinea was relatively modest. In the other countries, the average annual rates were as follows: Solomon Islands (X% per year) and Australia (X% per year).

The average sweet potato yield fell to X tons per ha in 2023, flattening at the previous year's figure. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the sweet potato yield hit record highs at X tons per ha in 2015; afterwards, it flattened through to 2023. 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 sweet potatoes were harvested in Australia and Oceania; remaining constant against 2022. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2023, the harvested area stood at a somewhat lower figure.

Sweet Potato Exports

Exports in Australia and Oceania

In 2023, overseas shipments of sweet potatoes decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports failed to regain momentum.

In value terms, sweet potato exports dropped to $X in 2023. Overall, exports, however, showed strong growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Australia represented the major exporter of sweet potatoes in Australia and Oceania, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by New Zealand (X tons) and Tonga (X tons), together achieving a X% share of total exports.

Exports from Australia increased at an average annual rate of X% from 2012 to 2023. At the same time, New Zealand (X%) and Tonga (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of New Zealand and Tonga increased by X and X percentage points, respectively.

In value terms, Australia ($X) remains the largest sweet potato supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In Australia, sweet potato exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Tonga (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, which is down by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price 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, sweet potato export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the export price figures.

Sweet Potato Imports

Imports in Australia and Oceania

In 2023, sweet potato imports in Australia and Oceania soared to X tons, rising by X% against the previous year's figure. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, sweet potato imports surged to $X in 2023. Overall, imports posted a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Australia was the major importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by New Zealand (X tons), making up a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Australia (with a CAGR of X%).

In value terms, the largest sweet potato importing markets in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw 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 attained the peak level of $X per ton. From 2018 to 2023, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform