New Zealand: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in New Zealand

The New Zealand market for fresh or chilled pig meat other than cuts or carcases dropped slightly to $X in 2022, reducing by -3.9% against the previous year. Overall, consumption, however, posted a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in New Zealand

In value terms, production of fresh or chilled pig meat other than cuts or carcases fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 58% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from New Zealand

In 2022, after four years of growth, there was significant decline in overseas shipments of fresh or chilled pig meat other than cuts or carcases, when their volume decreased by -21.3% to X tons. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 8,381% against the previous year. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases dropped notably to $X in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 5,912%. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Samoa (X tons) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from New Zealand, with a 67% share of total exports. Moreover, exports of fresh or chilled pig meat other than cuts or carcases to Samoa exceeded the volume sent to the second major destination, Vanuatu (X tons), twofold. The third position in this ranking was held by Cook Islands (X kg), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to Samoa totaled +200.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vanuatu (+140.9% per year) and Cook Islands (+12.5% per year).

In value terms, the largest markets for fresh pork other than cuts or carcases exported from New Zealand were Vanuatu ($X), Samoa ($X) and Cook Islands ($X), together accounting for 99% of total exports.

Vanuatu, with a CAGR of +104.7%, recorded the highest growth rate of the value of exports, in terms of 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 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, dropping by -37.5% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 221%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cook Islands ($X per ton), while the average price for exports to Samoa ($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 Cook Islands (+5.1%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into New Zealand

After three years of decline, purchases abroad of fresh or chilled pig meat other than cuts or carcases increased by 66% to X tons in 2022. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 68%. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases surged to $X in 2022. Overall, imports recorded buoyant growth. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of fresh pork other than cuts or carcases to New Zealand, accounting for a 82% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from Finland exceeded the figures recorded by the second-largest supplier, Australia (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled -4.1%.

In value terms, Finland ($X) constituted the largest supplier of fresh or chilled pig meat other than cuts or carcases to New Zealand, comprising 69% of total imports. The second position in the ranking was taken by Australia ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland stood at +6.3%.

Import Prices by Country

In 2022, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the import price saw pronounced growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Finland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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