New Zealand: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in New Zealand

The New Zealand frozen pork cut market dropped rapidly to $X in 2022, falling by -21.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Frozen Pork Cut Exports

Exports from New Zealand

In 2022, frozen pork cut exports from New Zealand expanded markedly to X tons, increasing by 7.4% compared with the previous year. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 288% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen pork cut exports soared to $X in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 245%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons), Spain (X tons) and Tonga (X tons) were the main destinations of frozen pork cut exports from New Zealand, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +339.2%), while the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) emerged as the key foreign market for frozen hams, shoulders and cuts of pig meat exports from New Zealand, comprising 42% of total exports. The second position in the ranking was held by Spain ($X), with a 15% share of total exports. It was followed by Tonga, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji amounted to +312.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-24.2% per year) and Tonga (+94.2% per year).

Export Prices by Country

In 2022, the average frozen pork cut export price amounted to $X per ton, growing by 8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 31%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Spain ($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 Papua New Guinea (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Pork Cut Imports

Imports into New Zealand

In 2022, frozen pork cut imports into New Zealand fell to X tons, dropping by -13.8% compared with 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 77%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen pork cut imports contracted markedly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 77% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest frozen pork cut supplier to New Zealand, accounting for a 51% share of total imports. Moreover, frozen pork cut imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.3% per year) and the Netherlands (+27.4% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to New Zealand, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.8% per year) and the Netherlands (+26.0% per year).

Import Prices by Country

In 2022, the average frozen pork cut import price amounted to $X per ton, dropping by -10.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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