Treenuts market in Australia and New Zealand

Earlier Report Observations

From 2018 to 2022, the tree nuts market in Australia and New Zealand experienced strong growth, with volume increasing from 187.8 thousand tons to 352.3 thousand tons. This expansion was primarily driven by rising global demand for nuts due to health and wellness trends, including a shift toward plant-based and organic diets. Technological advancements in harvesting, such as the EXPAND system, enhanced production efficiency, while the COVID-19 pandemic in 2020 further accelerated consumer focus on healthy eating, boosting local consumption.

The market continued to benefit from these trends, with the global movement toward vegetarian and organic products supporting demand through 2022, where major Australian producer Select Harvests Limited played a significant role. However, in 2023, market volume declined to 288.4 thousand tons, with a corresponding drop in value to $1.2 billion USD.

Production treenuts in Australia and New Zealand

In kind, 2018-2021, K t

Top producers of treenuts, 2018-2021

World map of production of treenuts, 2018-2021

Australia and New Zealand have seen their treenuts production grow for the third year in a row. In 2021, the region produced 394.1 thousand tonnes of treenuts, marking a significant 24.8% increase from the previous year. Looking at the period from 2018 to 2021, production surged by 71%, which translates to an average annual growth rate of 19.6%.

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

In value, 2018-2021, M $ US

In 2021, the value of treenuts output in Australia and New Zealand reached 2 124 million US dollars, up 23.0% compared to 2020. Over the four-year span from 2018 to 2021, production value rose by 40%, averaging an 11.9% annual increase. The most notable drop occurred in 2020, with a decline of 4.8%.

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

Exports treenuts from Australia and New Zealand

Exports in kind, K t

In 2021, Australia and New Zealand exported 132.3 thousand tonnes of treenuts, showing a strong 14.5% growth from 2020. From 2018 to 2021, exports expanded by 30%, with an average yearly rise of 9.1%. The largest decrease was in 2020, at 1.7%, while the biggest jump happened in 2019, with a 15.5% increase.

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

Between 2018 and 2021, China, India, and Vietnam were the top buyers of treenuts from Australia and New Zealand in volume terms. China accounted for 41.9% of exports, India for 15.9%, and Vietnam for 9.2%, together making up 67.1% of total export volumes.

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, M $ US

In 2021, treenuts exports from Australia and New Zealand were valued at 713.1 million US dollars, reflecting a solid 12.8% year-on-year improvement. From 2018 to 2021, export value grew by 6.5%, averaging a 2.1% annual rate. The lowest value was in 2020 at 632.0 million US dollars, and the highest in 2019 at 793.7 million US dollars. The most significant drop occurred in 2020, with a 20.4% decrease, while the largest rise was in 2019, with an 18.5% increase.

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

From 2018 to 2021, China, India, and Vietnam remained the leading destinations for treenuts exports from Australia and New Zealand in value terms. China represented 39.5% of export value, India 11.1%, and Vietnam 8.2%, collectively accounting for 58.9% of total export 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 treenuts to Australia and New Zealand

Imports in kind, K t

Treenuts imports into Australia and New Zealand have fallen for the second consecutive year. In 2021, imports stood at 58.1 thousand tonnes, down slightly by 1.6% from the previous year. The peak was in 2019 at 61.6 thousand tonnes. The largest decline was in 2020, with a 4.1% drop, while the biggest increase was in 2019, with a 4.2% rise.

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

During the 2018–2021 period, Vietnam, the United States, and the Philippines were the main sources of treenuts imports into Australia and New Zealand in volume terms, together comprising 65.2% of total import 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, M $ US

Foreign treenuts supplies to Australia and New Zealand have decreased for the second year in a row. In 2021, imports totaled 321.8 million US dollars, showing only a minor change from the previous year. From 2018 to 2021, imports fell by 9.8%, averaging a 3.4% annual decline. The highest value was in 2019 at 365.2 million US dollars. The most substantial drop was in 2020, with an 11.4% decrease, while the largest increase was in 2019, with a 2.4% rise.

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

Throughout 2018–2021, Vietnam, the United States, and Turkey were the key markets for treenuts imports into Australia and New Zealand in value terms, together making up 69.0% of total import 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