New Zealand: Egg Product Market 2024

Egg Product Market Size in New Zealand

The New Zealand egg product market dropped slightly to $X in 2021, reducing by -4.3% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Egg product consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Egg Product Production in New Zealand

In value terms, egg product production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild slump. The pace of growth appeared the most rapid in 2016 with an increase of 44%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Egg Product Exports

Exports from New Zealand

In 2021, the amount of egg products exported from New Zealand surged to X tons, with an increase of 150% compared with the previous year's figure. Over the period under review, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, egg product exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Australia (X tons) and New Caledonia (X tons) were the main destinations of egg product exports from New Zealand, together accounting for 81% of total exports. These countries were followed by Papua New Guinea, Hong Kong SAR, Fiji and French Polynesia, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +7,172.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Australia ($X) and New Caledonia ($X) were the largest markets for egg product exported from New Zealand worldwide, together comprising 80% of total exports. Fiji, Papua New Guinea, Hong Kong SAR and French Polynesia lagged somewhat behind, together accounting for a further 17%.

Hong Kong SAR, with a CAGR of +12,093.4%, 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

In 2021, the average egg product export price amounted to $X per ton, with a decrease of -2.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Fiji ($X per ton) and Australia ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+90.2%), while the prices for the other major destinations experienced more modest paces of growth.

Egg Product Imports

Imports into New Zealand

In 2021, after seven years of growth, there was decline in supplies from abroad of egg products, when their volume decreased by -0.2% to X tons. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 50% against the previous year. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, egg product imports expanded slightly to $X in 2021. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Australia (X tons) and Lithuania (X tons) were the main suppliers of egg product imports to New Zealand, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +812.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of egg products to New Zealand, comprising 61% of total imports. The second position in the ranking was held by Australia ($X), with an 18% share of total imports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+70.7% per year) and China (+24.0% per year).

Import Prices by Country

The average egg product import price stood at $X per ton in 2021, picking up by 2.4% against the previous year. Over the period under review, the import price, however, saw a slight descent. The pace of growth was the most pronounced in 2013 an increase of 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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