New Zealand: Canned Meat Market 2024

Canned Meat Market Size in New Zealand

The New Zealand canned meat market expanded markedly to $X in 2021, growing by 14% against the previous year. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.8% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Canned Meat Production in New Zealand

In value terms, canned meat production rose notably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 32% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Canned Meat Exports

Exports from New Zealand

In 2021, shipments abroad of canned meat increased by 25% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, canned meat exports skyrocketed to $X in 2021. Overall, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for canned meat exports from New Zealand, accounting for a 50% share of total exports. Moreover, canned meat exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.9% per year) and Canada (+0.1% per year).

In value terms, the United States ($X), Australia ($X) and Canada ($X) appeared to be the largest markets for canned meat exported from New Zealand worldwide, with a combined 82% share of total exports. Japan, Singapore, Hong Kong SAR, Tonga, South Korea, Fiji, New Caledonia, French Polynesia and the Philippines lagged somewhat behind, together accounting for a further 12%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +25.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average canned meat export price amounted to $X per ton, with an increase of 6.4% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, canned meat export price increased by +65.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into New Zealand

In 2021, the amount of canned meat imported into New Zealand skyrocketed to X tons, increasing by 28% against the previous year's figure. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned meat imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of canned meat to New Zealand, accounting for a 57% share of total imports. Moreover, canned meat imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.5% per year) and Thailand (-7.6% per year).

In value terms, Australia ($X) constituted the largest supplier of canned meat to New Zealand, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports. It was followed by Thailand, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.7% per year) and Thailand (-3.6% per year).

Import Prices by Country

In 2021, the average canned meat import price amounted to $X per ton, increasing by 2.3% against the previous year. Over the period under review, the import price recorded a modest expansion. The pace of growth was the most pronounced in 2015 an increase of 10% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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