New Zealand: Dried Grapes Market 2024

Dried Grapes Market Size in New Zealand

For the third consecutive year, the New Zealand dried grapes market recorded decline in sales value, which decreased by -8.9% to $X in 2022. Overall, consumption showed a drastic downturn. Dried grapes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Dried Grapes Exports

Exports from New Zealand

After two years of growth, overseas shipments of dried grapes decreased by -37.9% to X tons in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 155% against the previous year. As a result, the exports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, dried grapes exports dropped dramatically to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 151%. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

South Africa (X tons), the United States (X tons) and Solomon Islands (X tons) were the main destinations of dried grapes exports from New Zealand, with a combined 62% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +30.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for dried grapes exports from New Zealand, comprising 50% of total exports. The second position in the ranking was taken by South Africa ($X), with a 12% share of total exports. It was followed by Solomon Islands, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-74.4% per year) and Solomon Islands (+13.8% per year).

Export Prices by Country

In 2022, the average dried grapes export price amounted to $X per ton, surging by 28% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 Turkey (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Grapes Imports

Imports into New Zealand

In 2022, approx. X tons of dried grapes were imported into New Zealand; which is down by -12.4% against the year before. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, dried grapes imports reduced to $X in 2022. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of dried grapes to New Zealand, accounting for a 71% share of total imports. Moreover, dried grapes imports from Turkey exceeded the figures recorded by the second-largest supplier, South Africa (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-4.3% per year) and the United States (-13.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of dried grapes to New Zealand, comprising 61% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by South Africa, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.8% per year) and South Africa (-6.0% per year).

Import Prices by Country

In 2022, the average dried grapes import price amounted to $X per ton, with an increase of 4.2% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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