Price for Food Preparations Not Elsewhere Specified or Included in New Zealand - 2024
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in New Zealand (FOB) - 2024
- Price for Food Preparations Not Elsewhere Specified or Included in New Zealand (CIF) - 2024
- Exports of Food Preparations Not Elsewhere Specified or Included in New Zealand
- Imports of Food Preparations Not Elsewhere Specified or Included in New Zealand
Price for Food Preparations Not Elsewhere Specified or Included in New Zealand (FOB) - 2024
In January 2024, the average export price for food preparations not elsewhere specified or included amounted to $15,354 per ton, dropping by -17.6% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 26% month-to-month. Over the period under review, the average export prices hit record highs at $18,624 per ton in December 2023, and then plummeted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($41,315 per ton), while the average price for exports to Fiji ($3,026 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Food Preparations Not Elsewhere Specified or Included in New Zealand (CIF) - 2024
The average import price for food preparations not elsewhere specified or included stood at $9,131 per ton in January 2024, reducing by -16.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2023 when the average import price increased by 22% month-to-month. The import price peaked at $11,358 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($57,387 per ton), while the price for Thailand ($1,636 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in New Zealand
For the third consecutive year, New Zealand recorded decline in overseas shipments of food preparations not elsewhere specified or included, which decreased by -0.9% to 47K tons in 2022. Overall, exports faced a abrupt contraction.
In value terms, exports of food preparations not elsewhere specified or included rose slightly to $719M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern.
| Export of Food Preparations Not Elsewhere Specified or Included in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 257 | 231 | 244 | 205 | -7.3% |
| China | 120 | 134 | 115 | 110 | -2.9% |
| South Korea | 79.1 | 61.3 | 84.0 | 101 | 8.5% |
| United States | 20.1 | 14.7 | 45.6 | 63.2 | 46.5% |
| Japan | 65.7 | 63.0 | 59.7 | 63.2 | -1.3% |
| Vietnam | 23.9 | 37.6 | 38.5 | 52.3 | 29.8% |
| Hong Kong SAR | 35.3 | 10.5 | 14.7 | 10.7 | -32.8% |
| Fiji | 3.1 | 2.8 | 3.3 | 4.5 | 13.2% |
| Others | 132 | 116 | 89.3 | 109 | -6.2% |
| Total | 737 | 671 | 694 | 719 | -0.8% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from New Zealand in 2022:
- Australia (19.2K tons)
- South Korea (7.5K tons)
- Japan (4.1K tons)
- China (3.8K tons)
- Vietnam (2.8K tons)
- United States (2.7K tons)
- Fiji (1.1K tons)
- Hong Kong SAR (0.5K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in New Zealand
In 2022, supplies from abroad of food preparations not elsewhere specified or included decreased by -10.9% to 41K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%. As a result, imports reached the peak of 47K tons, and then fell in the following year.
In value terms, imports of food preparations not elsewhere specified or included shrank modestly to $444M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of $463M, and then declined slightly in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 145 | 119 | 117 | 110 | -8.8% |
| Singapore | 87.5 | 79.6 | 97.8 | 90.7 | 1.2% |
| United States | 80.1 | 74.6 | 84.2 | 88.6 | 3.4% |
| China | 25.0 | 32.3 | 27.9 | 29.6 | 5.8% |
| Netherlands | 23.0 | 17.0 | 20.0 | 21.5 | -2.2% |
| Germany | 11.0 | 11.3 | 17.4 | 14.6 | 9.9% |
| Indonesia | 10.8 | 11.1 | 16.0 | 13.8 | 8.5% |
| Thailand | 6.5 | 7.9 | 7.8 | 8.7 | 10.2% |
| India | 3.6 | 4.3 | 5.4 | 5.4 | 14.5% |
| Malaysia | 2.4 | 2.2 | 3.2 | 3.2 | 10.1% |
| Others | 46.1 | 54.8 | 65.6 | 58.6 | 8.3% |
| Total | 441 | 414 | 463 | 444 | 0.2% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to New Zealand in 2022:
- Australia (9.6K tons)
- Thailand (4.6K tons)
- Indonesia (4.4K tons)
- United States (4.4K tons)
- China (3.8K tons)
- Netherlands (2.9K tons)
- Singapore (1.6K tons)
- Germany (1.6K tons)
- India (1.3K tons)
- Malaysia (0.8K tons)
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