Spinach market in Australia and New Zealand

Earlier Report Observations

The fresh spinach market in Australia and New Zealand experienced a sustained contraction in physical volume between 2018 and 2023. Market size fell from 10 577 t to 8 214 t, a decline of over 22%. The most pronounced drops occurred in 2020 and 2021, with decreases of 7.6% and 10.7% respectively, before the rate of decline moderated to around 1% in the final two years.

In monetary terms, the market value followed a different trajectory, indicating significant price movements. After an initial increase to a peak of nearly 68.9 million USD in 2020, the market's value fell sharply in 2021 and 2022. It partially recovered in 2023 to 56.2 million USD, suggesting a period of price volatility and adjustment separate from the underlying volume trend.

Domestic production served as the overwhelming source of supply for the market throughout this period. Both imports and exports remained at very low levels relative to production, meaning changes in local output were the primary driver of shifts in available market volume.

Production spinach in Australia and New Zealand

In kind, 2018-2021, t

Top producers of spinach, 2018-2021

World map of production of spinach, 2018-2021

Spinach production in Australia and New Zealand has declined for the third year in a row. In 2021, production reached 8 733 tonnes, marking a controlled decrease of 9.3% compared to 2020. Over the period from 2018 to 2021, production fell by 18.3%, with a compound annual growth rate of -6.5%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, t

In value, 2018-2021, K $ US

After two years of growth, spinach production in Australia and New Zealand declined in value. In 2021, the output was valued at 59 439 thousand US dollars, showing a robust reduction of 15.7% from 2020. The peak value was recorded in 2020 at 70 510 thousand US dollars, while the largest increase occurred in 2019 at 16.2%.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, K $ US

Exports spinach from Australia and New Zealand

Exports in kind, t

Following a two-year decline, exported spinach volumes from Australia and New Zealand increased. In 2021, exports totaled 341.3 tonnes, which is 38.6% higher than in 2020. Over the period from 2018 to 2021, exports grew by 15%, with a compound annual growth rate of 4.8%. The lowest volume was recorded in 2020 at 246.3 tonnes, and the largest decline occurred in 2019 at 10.4%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, t

From 2018 to 2021, Malaysia, Singapore, and Hong Kong were the main destinations for spinach exports from Australia and New Zealand in volume terms. Malaysia accounted for 27.5% of exports, Singapore for 26.9%, and Hong Kong for 20.0%, together making up 74.3% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, K $ US

Spinach shipments from Australia and New Zealand abroad have increased for the third consecutive year. In 2021, exports amounted to 2 323 thousand US dollars, which is 28.8% higher than the previous year. Over the period from 2018 to 2021, exports rose by 38.4%, with a compound annual growth rate of 11.4%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, Singapore, Malaysia, and Hong Kong consistently led in the country structure of spinach exports from Australia and New Zealand in value terms. Singapore accounted for 27.6% of exports, Malaysia for 21.5%, and Hong Kong for 18.5%, jointly representing 67.5% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports spinach to Australia and New Zealand

Imports in kind, t

The market showed volatility over the observed period. Imports reached their lowest point in 2019 at 39.5 tonnes and peaked in 2018, with a 4.6-fold difference between these years. In 2021, Australia and New Zealand imported 40.8 tonnes of spinach, representing an intense drop of 31.9% from 2020. The largest decline occurred in 2019 at 78.3%, while the largest increase was recorded in 2020 at 51.7%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, t

Throughout 2018 to 2021, the United States, Tonga, and China were the key partners for spinach imports into Australia and New Zealand in volume terms. The United States accounted for 40.6% of imports, Tonga for 22.9%, and China for 7.5%, together making up 71.0% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Imports hit their lowest point in 2019 and peaked in 2018, with a 31-fold difference between these years. In 2021, Australia and New Zealand imported 12 thousand US dollars of spinach, constituting an abrupt drop of 91.7% year-on-year. The largest increase was recorded in 2020 at 151.7%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, the United States, Spain, and China consistently remained the main destinations for spinach imports into Australia and New Zealand in value terms. The United States accounted for 26.9% of imports, Spain for 5.7%, and China for 4.6%, together accounting for 37.1% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021