New Zealand: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in New Zealand

For the third year in a row, the New Zealand market for concentrated lemon and other citrus fruit juice recorded decline in sales value, which decreased by -4.6% to $X in 2021. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.0% against 2018 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from New Zealand

In 2021, shipments abroad of concentrated lemon and other citrus fruit juice increased by 180% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,102%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of concentrated lemon and other citrus fruit juice soared to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 386%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Tonga (X tons) and Australia (X tons) were the main destinations of exports of concentrated lemon and other citrus fruit juice from New Zealand.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tonga (with a CAGR of +196.7%).

In value terms, Australia ($X) emerged as the key foreign market for concentrated lemon and other citrus fruit juice exports from New Zealand, comprising 69% of total exports. The second position in the ranking was taken by Tonga ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +29.5%.

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, growing by 56% against the previous year. In general, the export price posted a temperate increase. The pace of growth appeared the most rapid in 2015 an increase of 99%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Tonga amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.5%).

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into New Zealand

In 2021, approx. X tons of concentrated lemon and other citrus fruit juice were imported into New Zealand; picking up by 17% compared with 2020 figures. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.8% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 49%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, imports of concentrated lemon and other citrus fruit juice rose significantly to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 90% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Argentina (X tons), Mexico (X tons) and South Africa (X tons) were the main suppliers of imports of concentrated lemon and other citrus fruit juice to New Zealand, together comprising 73% of total imports. Australia, Italy, Israel and Spain lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +86.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), South Africa ($X) and Mexico ($X) were the largest concentrated lemon and other citrus fruit juice suppliers to New Zealand, with a combined 69% share of total imports. Italy, Australia, Israel and Spain lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Spain, with a CAGR of +71.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, shrinking by -2.6% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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