New Zealand: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in New Zealand

The New Zealand frozen chicken cut market shrank notably to $X in 2022, reducing by -34% against the previous year. Overall, consumption showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Frozen Chicken Cut Production in New Zealand

In value terms, frozen chicken cut production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Frozen Chicken Cut Exports

Exports from New Zealand

In 2022, shipments abroad of frozen cuts of chicken increased by 32% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 48% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen chicken cut exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced reduction. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Fiji (X tons), Papua New Guinea (X tons) and Tonga (X tons) were the main destinations of frozen chicken cut exports from New Zealand, together comprising 74% of total exports. Vanuatu, the Philippines, Solomon Islands, Tuvalu and Australia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +108.2%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Fiji ($X) and Vanuatu ($X) were the largest markets for frozen chicken cut exported from New Zealand worldwide, together accounting for 68% of total exports. Tonga, the Philippines, Solomon Islands, Australia and Tuvalu lagged somewhat behind, together comprising a further 18%.

The Philippines, with a CAGR of +99.7%, 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

The average frozen chicken cut export price stood at $X per ton in 2022, which is down by -1.5% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Tonga ($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 Solomon Islands (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Chicken Cut Imports

Imports into New Zealand

For the third year in a row, New Zealand recorded decline in supplies from abroad of frozen cuts of chicken, which decreased by 0% to X tons in 2022. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 0.5% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, frozen chicken cut imports totaled $X in 2022. Overall, imports showed a mild descent. The growth pace was the most rapid in 2020 with an increase of 237% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X tons), Australia (X kg) and the Netherlands (X kg) were the main suppliers of frozen chicken cut imports to New Zealand, together accounting for 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +118.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen chicken cut suppliers to New Zealand were Poland ($X), Australia ($X) and Germany ($X), together accounting for 52% of total imports. The Netherlands and the UK lagged somewhat behind, together comprising a further 8.6%.

The Netherlands, with a CAGR of +194.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen chicken cut import price amounted to $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a resilient increase. The growth pace was the most rapid in 2020 when the average import price increased by 305%. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+264.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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