Australia and Oceania: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Australia and Oceania

In 2023, the grape juice (single strength) market in Australia and Oceania decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption saw a dramatic slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Grape Juice (Single Strength) in Australia and Oceania

In value terms, grape juice (single strength) production expanded to $X in 2023 estimated in export price. The total production indicated tangible growth from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Grape Juice (Single Strength)

Exports in Australia and Oceania

In 2023, overseas shipments of grape juice (single strength) increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, grape juice (single strength) exports soared to $X in 2023. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2023.

Australia was also the fastest-growing in terms of the grape juice (single strength) exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest grape juice (single strength) supplier in Australia and Oceania.

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

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Export price indicated a slight 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, grape juice (single strength) export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

Imports of Grape Juice (Single Strength)

Imports in Australia and Oceania

For the sixth year in a row, Australia and Oceania recorded decline in overseas purchases of grape juice (single strength), which decreased by X% to X tons in 2023. Overall, imports showed a dramatic decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, grape juice (single strength) imports declined significantly to $X in 2023. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Australia (X tons) and New Zealand (X tons) represented the main importers of grape juice (single strength) in 2023, reaching near X% and X% of total imports, respectively. It was distantly followed by Papua New Guinea (X tons), achieving a X% share of total imports. Fiji (X tons), New Caledonia (X tons), Vanuatu (X tons) and Solomon Islands (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Solomon Islands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grape juice (single strength) importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined X% share of total imports. Fiji, New Caledonia, Vanuatu and Solomon Islands lagged somewhat behind, together accounting for a further X%.

Solomon Islands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw prominent growth. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($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 more modest paces of growth.

Source: IndexBox Platform