New Zealand: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in New Zealand

In 2021, the New Zealand market for caviar (salmon) and caviar substitutes increased by 11% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a abrupt contraction. Caviar (salmon) and caviar substitutes consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in New Zealand

In value terms, caviar (salmon) and caviar substitutes production rose notably to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 44%. Caviar (salmon) and caviar substitutes production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from New Zealand

In 2021, shipments abroad of caviar (salmon) and caviar substitutes decreased by 0% to X kg, falling for the fourth consecutive year after three years of growth. In general, exports faced a significant decline. The pace of growth appeared the most rapid in 2013 when exports increased by 1,229% against the previous year. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes exports dropped to $X in 2021. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 1,279%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

French Polynesia (X kg) was the main destination for caviar (salmon) and caviar substitutes exports from New Zealand, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to French Polynesia stood at -29.4%.

In value terms, French Polynesia ($X) also remains the key foreign market for caviar (salmon) and caviar substitutes exports from New Zealand.

From 2012 to 2021, the average annual rate of growth in terms of value to French Polynesia amounted to -27.0%.

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, waning by -16.8% against the previous year. In general, the export price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2020 an increase of 172%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for French Polynesia.

From 2012 to 2021, the rate of growth in terms of prices for French Polynesia amounted to +6.2% per year.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into New Zealand

After four years of growth, purchases abroad of caviar (salmon) and caviar substitutes decreased by -2.9% to X tons in 2021. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 151%. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced modestly in the following year.

In value terms, caviar (salmon) and caviar substitutes imports expanded markedly to $X in 2021. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 99% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Belarus (X tons) constituted the largest caviar (salmon) and caviar substitutes supplier to New Zealand, with a 69% share of total imports. Moreover, caviar (salmon) and caviar substitutes imports from Belarus exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The third position in this ranking was held by Denmark (X kg), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus amounted to +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.8% per year) and Denmark (+31.3% per year).

In value terms, Belarus ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to New Zealand, comprising 52% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by Denmark, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belarus stood at +45.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.7% per year) and Denmark (+19.1% per year).

Import Prices by Country

In 2021, the average import price for caviar (salmon) and caviar substitutes amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2018 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for Italy ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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