Updated Jan 21, 2023 14:21

Kiwi Fruit Market in Australia

Market Overview
In , the Australian kiwi fruit market decreased by -% to $ for the first time since 2017, thus ending a four-year rising trend. Overall, the total consumption indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Kiwi fruit consumption peaked at $ in , and then contracted modestly in the following year.

In value terms, kiwi fruit production totaled $ in estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2013 to , production growth remained at a lower figure.

In , the average yield of kiwi fruit in Australia shrank to tons per ha, flattening at the previous year's figure. Over the period under review, the yield showed a noticeable decrease. The growth pace was the most rapid in 2012 with an increase of %. The kiwi fruit yield peaked at tons per ha in 2007; however, from 2008 to , 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 , approx. ha of kiwi fruit were harvested in Australia; approximately mirroring the previous year's figure. In general, the harvested area saw a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of % against the previous year. Over the period under review, the harvested area dedicated to kiwi fruit production reached the maximum at ha in 2007; however, from 2008 to , the harvested area remained at a lower figure.


Consumption
In , consumption of kiwi fruit decreased by -% to tons for the first time since 2017, thus ending a four-year rising trend. Overall, consumption showed a slight setback. Kiwi fruit consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The revenue of the kiwi fruit market in Australia dropped modestly to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Kiwi fruit consumption peaked at $ in , and then shrank modestly in the following year.


Market Forecast
Depressed by shrinking demand for kiwi fruit in Australia, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Kiwi fruit market in Australia consists almost entirely of imported products. The growth in the share of Australia imports of in the kiwi fruit market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Australia remains a net importer of kiwi fruit; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.