Price for Flour and Meal; of Potatoes in New Zealand - 2023
Contents:
- Price for Flour and Meal; of Potatoes in New Zealand (CIF) - 2022
- Price for Flour and Meal; of Potatoes in New Zealand (FOB) - 2022
- Imports of Flour and Meal; of Potatoes in New Zealand
- Exports of Flour and Meal; of Potatoes in New Zealand
Price for Flour and Meal; of Potatoes in New Zealand (CIF) - 2022
The average import price for flour and meal; of potatoeses stood at $1,689 per ton in 2022, picking up by 28% against the previous year. In general, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in 2013 an increase of 45%. As a result, import price reached the peak level of $2,939 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($5,256 per ton), while the price for Fiji ($784 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Flour and Meal; of Potatoes in New Zealand (FOB) - 2022
The average export price for flour and meal; of potatoeses stood at $3,410 per ton in 2022, dropping by -19.3% against the previous year. Overall, the export price, however, continues to indicate modest growth. The growth pace was the most rapid in 2017 an increase of 125% against the previous year. As a result, the export price attained the peak level of $5,317 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Samoa ($4,360 per ton), while the average price for exports to Norfolk Island ($1,736 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 Niue (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Flour and Meal; of Potatoes in New Zealand
In 2022, overseas purchases of flour and meal; of potatoeses decreased by -22.7% to 143 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports reached the peak of 185 tons, and then shrank sharply in the following year.
In value terms, flour and meal; of potatoes imports dropped to $241K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $244K, and then shrank slightly in the following year.
| Import of Flour and Meal; of Potatoes in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 26.6 | 52.5 | 96.8 | 135 | 71.9% |
| Poland | N/A | N/A | 56.9 | 55.6 | -2.3% |
| Australia | 2.0 | 3.1 | 20.7 | 18.1 | 108.4% |
| Vietnam | 8.6 | 23.3 | 8.3 | 6.1 | -10.8% |
| China | 30.3 | 58.2 | 2.2 | 5.5 | -43.4% |
| Fiji | 6.3 | N/A | 2.5 | 5.2 | -6.2% |
| Taiwan (Chinese) | N/A | 0.7 | N/A | 4.4 | 150.7% |
| Argentina | 30.9 | 15.2 | 44.4 | N/A | 19.9% |
| United States | 28.0 | 12.2 | N/A | N/A | -56.4% |
| Others | 7.3 | 16.5 | 11.9 | 11.0 | 14.6% |
| Total | 140 | 182 | 244 | 241 | 19.8% |
Top Suppliers of Flour and Meal; of Potatoes to New Zealand in 2022:
- India (102.2 tons)
- Poland (19.8 tons)
- Fiji (6.6 tons)
- Australia (4.0 tons)
- Taiwan (Chinese) (2.4 tons)
- China (2.4 tons)
- Vietnam (2.0 tons)
Exports of Flour and Meal; of Potatoes in New Zealand
Flour and meal; of potatoes exports from New Zealand surged to 13 tons in 2022, increasing by 91% on the previous year. Overall, exports, however, showed a deep contraction.
In value terms, flour and meal; of potatoes exports soared to $44K in 2022. In general, exports saw a slight increase. The pace of growth was the most pronounced in 2020 with an increase of 238% against the previous year. As a result, the exports attained the peak of $143K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Flour and Meal; of Potatoes in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Samoa | N/A | N/A | N/A | 21.0 | 0% |
| Fiji | 32.2 | 7.7 | 9.6 | 7.1 | -39.6% |
| Australia | 7.3 | 132 | 2.7 | 7.0 | -1.4% |
| Malaysia | 1.2 | 1.4 | 11.9 | 4.8 | 58.7% |
| Cook Islands | 1.0 | 1.3 | 2.2 | 2.1 | 28.1% |
| Norfolk Island | N/A | N/A | N/A | 1.2 | 0% |
| Others | 0.6 | 0.4 | 1.8 | 0.5 | -5.9% |
| Total | 42.3 | 143 | 28.3 | 43.7 | 1.1% |
Top Export Markets for Flour and Meal; of Potatoes from New Zealand in 2022:
- Samoa (4.8 tons)
- Fiji (2.5 tons)
- Australia (2.1 tons)
- Malaysia (1.8 tons)
- Cook Islands (0.8 tons)
- Norfolk Island (0.7 tons)
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