New Zealand: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in New Zealand

In 2021, the New Zealand non-wheat cereal pellets market decreased by -25.5% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, recorded a notable expansion. Non-wheat cereal pellets consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Wheat Cereal Pellets Production in New Zealand

In value terms, non-wheat cereal pellets production contracted to $X in 2021 estimated in export price. In general, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Non-Wheat Cereal Pellets Exports

Exports from New Zealand

In 2021, overseas shipments of cereal pellets (excluding wheat) increased by 34% to X tons, rising for the second consecutive year after three years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 9,631%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-wheat cereal pellets exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 6,894%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for non-wheat cereal pellets exports from New Zealand, with a 72% share of total exports. Moreover, non-wheat cereal pellets exports to China exceeded the volume sent to the second major destination, Papua New Guinea (X tons), fivefold. Fiji (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +63.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+2,399.3% per year) and Fiji (+158.7% per year).

In value terms, China ($X), Fiji ($X) and Papua New Guinea ($X) constituted the largest markets for non-wheat cereal pellets exported from New Zealand worldwide, together comprising 93% of total exports.

Papua New Guinea, with a CAGR of +3,087.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-wheat cereal pellets export price stood at $X per ton in 2021, surging by 59% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 77%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to China ($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 Papua New Guinea (+27.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Cereal Pellets Imports

Imports into New Zealand

In 2021, purchases abroad of cereal pellets (excluding wheat) increased by 109% to X tons, rising for the third year in a row after six years of decline. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 173% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, non-wheat cereal pellets imports surged to $X in 2021. In general, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) was the main supplier of non-wheat cereal pellets to New Zealand, with a 94% share of total imports. It was followed by China (X tons), with a 3.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and Fiji (+18.5% per year).

In value terms, Australia ($X) constituted the largest supplier of cereal pellets (excluding wheat) to New Zealand, comprising 80% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and Fiji (+24.2% per year).

Import Prices by Country

In 2021, the average non-wheat cereal pellets import price amounted to $X per ton, surging by 5.9% against the previous year. Over the period under review, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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