New Zealand: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in New Zealand

After two years of growth, the New Zealand seafood meals and pellets market decreased by -30.9% to $X in 2021. Over the period under review, consumption saw a perceptible slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in New Zealand

In value terms, seafood meals and pellets production expanded modestly to $X in 2021 estimated in export price. In general, production, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 41%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from New Zealand

In 2021, overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seafood meals and pellets exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Japan (X tons) and Vietnam (X tons) were the main destinations of seafood meals and pellets exports from New Zealand, together accounting for 88% of total exports. These countries were followed by South Korea, Taiwan (Chinese), Malaysia and Australia, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +53.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Vietnam ($X) were the largest markets for seafood meals and pellets exported from New Zealand worldwide, together comprising 77% of total exports. Australia, South Korea, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further 11%.

Among the main countries of destination, Australia, with a CAGR of +54.7%, recorded the highest rates of growth with regard to 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

In 2021, the average seafood meals and pellets export price amounted to $X per ton, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Malaysia ($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 Australia (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into New Zealand

After two years of growth, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -16% to X tons in 2021. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 51%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, seafood meals and pellets imports dropped to $X in 2021. In general, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2019 when imports increased by 46%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), South Africa (X tons) and Australia (X tons) were the main suppliers of seafood meals and pellets imports to New Zealand, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +57.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest seafood meals and pellets suppliers to New Zealand were Norway ($X), South Africa ($X) and Australia ($X), with a combined 97% share of total imports.

Among the main suppliers, Norway, with a CAGR of +53.5%, saw the highest growth rate of 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 seafood meals and pellets import price stood at $X per ton in 2021, increasing by 3.4% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seafood meals and pellets import price decreased by -17.2% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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