Key regions: United Kingdom, Germany, Italy, United States, Brazil
Australia is known for its diverse and unique flora and fauna, and the fruit market in the country is no exception. With a variety of fruits available throughout the year, the Australian fruit market has been steadily growing in recent years.
Customer preferences: Consumers in Australia are increasingly health-conscious and are looking for fresh and nutritious food options. This has led to a growing demand for locally grown fruits that are in season. Customers are also seeking out exotic and unique fruits that are not commonly found in other parts of the world. The rise of veganism and plant-based diets has also contributed to the growing demand for fruits in Australia.
Trends in the market: One of the major trends in the Australian fruit market is the increasing popularity of organic and sustainably grown fruits. Consumers are willing to pay a premium for fruits that are grown without the use of harmful chemicals and pesticides. Another trend is the growing demand for convenience, with pre-cut and packaged fruits becoming more popular. The use of technology in the fruit market has also enabled better tracking and traceability of fruits from farm to table.
Local special circumstances: Australia's unique geography and climate have a significant impact on the fruit market. The country's warm climate and fertile soil make it an ideal location for growing a wide variety of fruits. However, the country is also prone to droughts and bushfires, which can have a significant impact on fruit production and supply. Additionally, Australia's strict quarantine laws limit the importation of fruits from other countries, which helps to protect the local industry but can also limit consumer choice.
Underlying macroeconomic factors: The Australian fruit market is influenced by a range of macroeconomic factors, including global demand and supply, exchange rates, and government policies. The country's strong economy and growing population have contributed to the increasing demand for fruits. However, the high cost of labor and production in Australia can make it difficult for local farmers to compete with cheaper imports from other countries. Government policies, such as subsidies and tariffs, can also have a significant impact on the fruit market.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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