New Zealand: Cereal Flour Market 2024

Cereal Flour Market Size in New Zealand

The New Zealand cereal flour market totaled $X in 2022, flattening at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Cereal flour consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cereal Flour Production in New Zealand

In value terms, cereal flour production reached $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Cereal flour production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Cereal Flour Exports

Exports from New Zealand

In 2022, overseas shipments of cereal flours increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal flour exports skyrocketed to $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Fiji (X% per year).

In value terms, the United States ($X) remains the key foreign market for cereal flours exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with an X% share of total exports. It was followed by Cook Islands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Cook Islands (X% per year).

Export Prices by Country

The average cereal flour export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Solomon Islands ($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 Cook Islands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cereal Flour Imports

Imports into New Zealand

In 2022, after three years of growth, there was significant decline in overseas purchases of cereal flours, when their volume decreased by X% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, cereal flour imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of cereal flour to New Zealand, with a X% share of total imports. Moreover, cereal flour imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

In value terms, Australia ($X) constituted the largest supplier of cereal flours to New Zealand, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average cereal flour import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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