New Zealand: Baby Food Market 2024

Baby Food Market Size in New Zealand

The New Zealand baby food market fell dramatically to $X in 2021, waning by -28.4% against the previous year. In general, consumption continues to indicate a deep reduction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Baby Food Production in New Zealand

In value terms, baby food production declined to $X in 2021 estimated in export price. Overall, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 58%. Baby food production peaked at $X in 2020, and then declined modestly in the following year.

Baby Food Exports

Exports from New Zealand

Baby food exports from New Zealand soared to X tons in 2021, rising by 43% against the previous year's figure. Overall, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 80% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, baby food exports skyrocketed to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 67%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for baby food exports from New Zealand, with a 50% share of total exports. Moreover, baby food exports to China exceeded the volume sent to the second major destination, Australia (X tons), twofold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+16.7% per year) and Hong Kong SAR (+20.7% per year).

In value terms, China ($X) remains the key foreign market for food preparations for infants exports from New Zealand, comprising 58% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 17% share of total exports. It was followed by Australia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+29.2% per year) and Australia (+18.1% per year).

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, baby food export price increased by +18.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 29% against the previous year. The export price peaked in 2021 and is likely to see gradual 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 Hong Kong SAR ($X per ton), while the average price for exports to Thailand ($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 China (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Food Imports

Imports into New Zealand

In 2021, purchases abroad of food preparations for infants decreased by -9.9% to X tons for the first time since 2015, thus ending a five-year rising trend. Overall, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by 266% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, baby food imports fell rapidly to $X in 2021. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by 126% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Singapore (X tons), Australia (X tons) and the Netherlands (X tons) were the main suppliers of baby food imports to New Zealand, with a combined 89% 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 Australia (with a CAGR of +50.8%), while imports for the other leaders experienced a decline.

In value terms, Singapore ($X), Australia ($X) and the Netherlands ($X) constituted the largest baby food suppliers to New Zealand, with a combined 83% share of total imports.

Australia, with a CAGR of +42.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average baby food import price stood at $X per ton in 2021, with a decrease of -12.9% against the previous year. In general, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 38% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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