New Zealand: Carob Market 2025

Carob Market Size in New Zealand

The New Zealand carob market dropped significantly to $X in 2021, reducing by -19.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Carob Exports

Exports from New Zealand

In 2021, overseas shipments of carob decreased by -43.2% to X kg, falling for the third year in a row after three years of growth. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 108%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, carob exports reduced to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 35%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X kg) was the main destination for carob exports from New Zealand, accounting for a 98% share of total exports. It was followed by Cook Islands (X kg), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia was relatively modest.

In value terms, Australia ($X) remains the key foreign market for carob exports from New Zealand, comprising 97% of total exports. The second position in the ranking was taken by Cook Islands ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Australia was relatively modest.

Export Prices by Country

The average carob export price stood at $X per ton in 2021, picking up by 54% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Cook Islands ($X per ton), while the average price for exports to Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (+19.2%), while the prices for the other major destinations experienced a decline.

Carob Imports

Imports into New Zealand

In 2021, overseas purchases of carob decreased by -35.4% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 393%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, carob imports reduced to $X in 2021. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 212%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest carob supplier to New Zealand, accounting for a 87% share of total imports. Moreover, carob imports from Spain exceeded the figures recorded by the second-largest supplier, Peru (X kg), more than tenfold. The third position in this ranking was taken by Germany (X kg), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-13.0% per year) and Germany (+12.8% per year).

In value terms, Spain ($X) constituted the largest supplier of carob to New Zealand, comprising 58% of total imports. The second position in the ranking was held by Peru ($X), with a 9.8% share of total imports. It was followed by Germany, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+3.8% per year) and Germany (+27.3% per year).

Import Prices by Country

In 2021, the average carob import price amounted to $X per ton, jumping by 40% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 64% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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