Starch; Manioc (Cassava) Price in New Zealand - 2023
Contents:
- Starch; Manioc (Cassava) Price in New Zealand (CIF) - 2023
- Starch; Manioc (Cassava) Price in New Zealand (FOB) - 2022
- Starch; Manioc (Cassava) Imports in New Zealand
- Starch; Manioc (Cassava) Exports in New Zealand
Starch; Manioc (Cassava) Price in New Zealand (CIF) - 2023
In July 2023, the average starch; manioc (cassava) import price amounted to $685 per ton, with a decrease of -20.9% against the previous month. In general, the import price recorded a mild setback. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 28% against the previous month. Over the period under review, average import prices reached the peak figure at $882 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($690 per ton), while the price for Tonga stood at $176 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Tonga (+1.1%).
Starch; Manioc (Cassava) Price in New Zealand (FOB) - 2022
The average starch; manioc (cassava) export price stood at $2,128 per ton in 2022, increasing by 3% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 199%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($2,467 per ton), while the average price for exports to Australia ($1,872 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (+216.4%), while the prices for the other major destinations experienced more modest paces of growth.
Starch; Manioc (Cassava) Imports in New Zealand
In 2022, after three years of growth, there was significant decline in supplies from abroad of starch; manioc (cassava)s, when their volume decreased by -17.5% to 2.8K tons. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 3.4K tons, and then declined significantly in the following year.
In value terms, starch; manioc (cassava) imports reduced to $2.2M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $2.4M, and then shrank in the following year.
| Import of Starch; Manioc (Cassava) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,873 | 1,611 | 2,218 | 1,894 | 0.4% |
| Vietnam | N/A | 0.1 | 0.2 | 119 | 3349.6% |
| Tonga | 4.0 | 48.3 | 118 | 84.2 | 176.1% |
| Indonesia | 30.6 | 35.2 | 67.9 | N/A | 49.0% |
| Others | 63.9 | 132 | 23.6 | 64.7 | 0.4% |
| Total | 1,971 | 1,827 | 2,428 | 2,162 | 3.1% |
Top Suppliers of Starch; Manioc (Cassava) to New Zealand in 2022:
- Thailand (2120.1 tons)
- Tonga (515.9 tons)
- Vietnam (137.2 tons)
Starch; Manioc (Cassava) Exports in New Zealand
In 2022, approx. 13 tons of starch; manioc (cassava)s were exported from New Zealand; growing by 181% against the year before. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, starch; manioc (cassava) exports soared to $27K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Starch; Manioc (Cassava) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.1 | 9.6 | 6.2 | 13.9 | 418.0% |
| Fiji | 0.3 | 0.1 | 0.1 | 11.5 | 237.2% |
| Cook Islands | 4.3 | 0.1 | 1.7 | 1.2 | -34.7% |
| Others | N/A | N/A | 1.3 | 0.5 | -61.5% |
| Total | 4.7 | 9.7 | 9.4 | 27.2 | 79.5% |
Top Export Markets for Starch; Manioc (Cassava) from New Zealand in 2022:
- Australia (7.4 tons)
- Fiji (4.7 tons)
- Cook Islands (0.5 tons)
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