New Zealand: Cream Fresh Market 2025

Cream Fresh Market Size in New Zealand

The New Zealand cream fresh market dropped to $X in 2022, reducing by -9.1% against the previous year. Over the period under review, consumption saw prominent growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Cream Fresh Production in New Zealand

In value terms, cream fresh production amounted to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 81%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cream Fresh Exports

Exports from New Zealand

Cream fresh exports from New Zealand skyrocketed to X tons in 2022, growing by 47% on the previous year's figure. Overall, exports recorded significant growth. The growth pace was the most rapid in 2017 with an increase of 49% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, cream fresh exports surged to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 92%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for cream fresh exports from New Zealand, accounting for a 80% share of total exports. Moreover, cream fresh exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by Vietnam (X tons), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+11.5% per year) and Vietnam (+18.5% per year).

In value terms, China ($X) remains the key foreign market for cream fresh exports from New Zealand, comprising 83% of total exports. The second position in the ranking was held by Malaysia ($X), with a 2.3% share of total exports. It was followed by Vietnam, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+16.5% per year) and Vietnam (+22.6% per year).

Export Prices by Country

In 2022, the average cream fresh export price amounted to $X per ton, picking up by 6.6% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by +27.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Australia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into New Zealand

In 2022, supplies from abroad of cream fresh decreased by -9.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.4% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, cream fresh imports totaled $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of cream fresh to New Zealand, with a 81% share of total imports. Moreover, cream fresh imports from Mexico exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to -11.1%.

In value terms, Mexico ($X) constituted the largest supplier of cream fresh to New Zealand, comprising 77% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +21.2%.

Import Prices by Country

The average cream fresh import price stood at $X per ton in 2022, picking up by 23% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 24%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Mexico stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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