Key regions: Germany, Brazil, Spain, Italy, United Kingdom
Australia, known for its diverse wildlife and beautiful landscapes, has a thriving vegetable market that is continuously developing.
Customer preferences: Australian consumers are becoming increasingly health-conscious and are looking for fresh and organic produce. The demand for locally grown vegetables has also been on the rise. In addition, there is a growing trend towards plant-based diets, which has led to an increase in the consumption of vegetables.
Trends in the market: One of the major trends in the Australian vegetable market is the use of technology to improve production and distribution. Farmers are using precision agriculture techniques to optimize crop yields and reduce wastage. There is also a growing trend towards vertical farming, which allows for year-round production and reduces the need for land. Another trend is the use of hydroponics, which allows for the production of vegetables in water without soil.
Local special circumstances: Australia's climate and geography provide unique challenges for vegetable production. The country experiences extreme weather conditions, such as droughts and floods, which can affect crop yields. The vast distances between cities and rural areas also make distribution and transportation of produce challenging.
Underlying macroeconomic factors: The Australian vegetable market is influenced by several macroeconomic factors. One of the most significant factors is the country's population growth, which is expected to continue in the coming years. This growth is expected to drive demand for vegetables and other food products. In addition, the country's trade agreements with other countries also play a role in the vegetable market. The recently signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to increase exports of Australian vegetables to other countries in the region. Finally, government policies and regulations, such as those related to food safety and environmental protection, also impact the vegetable market in Australia.
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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