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, saw a slight shrinkage. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Sweet Potato Production in Australia and Oceania

In value terms, sweet potato production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a noticeable decrease. The pace of growth was the most pronounced 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) remains the largest sweet potato producing country in Australia and Oceania, 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).

In 2023, the average yield of sweet potatoes in Australia and Oceania shrank slightly to X tons per ha, stabilizing at 2022 figures. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the sweet potato yield reached the maximum level 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, the total area harvested in terms of sweet potatoes production in Australia and Oceania amounted to X ha, approximately reflecting 2022. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sweet potato production attained the maximum 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, shipments abroad of sweet potatoes decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports failed to regain momentum.

In value terms, sweet potato exports contracted to $X in 2023. In general, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Australia represented the largest exporter of sweet potatoes in Australia and Oceania, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. New Zealand (X tons) held the second position in the ranking, distantly followed by Tonga (X tons). All these countries together took approx. 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 ($X) remains the largest sweet potato supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: 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, with a decrease of 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 appeared the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Tonga ($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

Sweet potato imports skyrocketed to X tons in 2023, jumping by X% on 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked in 2023 and is likely to see steady growth in the immediate term.

In value terms, sweet potato imports soared to $X in 2023. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

Australia represented the major importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by New Zealand (X tons), mixing 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, Australia ($X) and New Zealand ($X) were the countries with the highest levels of imports in 2023.

Among the main importing countries, New Zealand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

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. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2023, the import prices remained at a 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 amounted to $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