New Zealand: Banana And Plantain Market 2025

Banana And Plantain Market Size in New Zealand

In 2022, the New Zealand banana and plantain market increased by 0.2% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 5.1%. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Banana And Plantain Exports

Exports from New Zealand

After two years of growth, shipments abroad of bananas and plantains decreased by -42.6% to X tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 495%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, banana and plantain exports contracted rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 323%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

French Polynesia (X tons), Singapore (X tons) and Fiji (X tons) were the main destinations of banana and plantain exports from New Zealand, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +97.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) emerged as the key foreign market for bananas and plantains exports from New Zealand, comprising 53% of total exports. The second position in the ranking was taken by French Polynesia ($X), with an 18% share of total exports. It was followed by Fiji, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled +91.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (-3.8% per year) and Fiji (+8.9% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, declining by -15.5% against the previous year. Overall, the export price, however, saw a strong increase. The growth pace was the most rapid in 2014 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to French Polynesia ($X 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 Australia (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Banana And Plantain Imports

Imports into New Zealand

In 2022, banana and plantain imports into New Zealand reduced to X tons, dropping by -5.3% against the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 4.8%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports reached $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 5.1%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of banana and plantain to New Zealand, with a 65% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-12.3% per year) and Mexico (+34.8% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to New Zealand, comprising 62% of total imports. The second position in the ranking was held by the Philippines ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-10.4% per year) and Mexico (+37.6% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, growing by 6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2015 an increase of 6.5% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :