New Zealand: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in New Zealand

In 2021, the New Zealand meat and fish extracts market was finally on the rise to reach $X after seven years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in New Zealand

In value terms, meat and fish extracts production dropped slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 16%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from New Zealand

In 2021, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs decreased by -22.6% to X tons, falling for the fourth year in a row after two years of growth. In general, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -35.9% against 2017 indices. The pace of growth was the most pronounced in 2016 with an increase of 46%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat and fish extracts exports contracted slightly to $X in 2021. Over the period under review, total exports indicated strong growth 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, exports increased by +51.1% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X, and then reduced modestly in the following year.

Exports by Country

South Korea (X tons) was the main destination for meat and fish extracts exports from New Zealand, accounting for a 69% share of total exports. Moreover, meat and fish extracts exports to South Korea exceeded the volume sent to the second major destination, Canada (X tons), sevenfold. The third position in this ranking was taken by the United States (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+9.1% per year) and the United States (+6.6% per year).

In value terms, the largest markets for meat and fish extracts exported from New Zealand were the United States ($X), South Korea ($X) and Canada ($X), with a combined 84% share of total exports. Germany, Australia, China and Japan lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, China, with a CAGR of +18.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2021, growing by 27% against the previous year. Overall, the export price saw a pronounced expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 Macao SAR (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into New Zealand

Meat and fish extracts imports into New Zealand soared to X tons in 2021, rising by 26% against the previous year. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 126%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, meat and fish extracts imports skyrocketed to $X in 2021. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2013 when imports increased by 277% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Australia (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of meat and fish extracts imports to New Zealand, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +114.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to New Zealand, comprising 52% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports. It was followed by Australia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +91.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+75.8% per year) and Australia (-2.3% per year).

Import Prices by Country

In 2021, the average meat and fish extracts import price amounted to $X per ton, growing by 48% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 219% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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