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

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

After two years of growth, the New Zealand market for frozen pig meat other than cuts or carcases decreased by -22.2% to $X in 2022. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from New Zealand

Exports of frozen pig meat other than cuts or carcases from New Zealand soared to X tons in 2022, increasing by 215% compared with the year before. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of frozen pig meat other than cuts or carcases soared to $X in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Papua New Guinea (X tons), Fiji (X tons) and Spain (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from New Zealand, with a combined 87% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +88.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from New Zealand, comprising 49% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 23% share of total exports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji totaled +95.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+55.3% per year) and Spain (+23.3% per year).

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, increasing by 22% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Fiji ($X per ton), while the average price for exports to Papua New Guinea ($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 Finland (+31.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into New Zealand

In 2022, approx. X tons of frozen pig meat other than cuts or carcases were imported into New Zealand; waning by -15.7% on the previous year's figure. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases shrank significantly to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Germany (X tons), Spain (X tons) and Canada (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to New Zealand, together accounting for 57% of total imports. Poland, Finland, Sweden, Denmark, the United States, Australia and Belgium lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +57.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pig meat other than cuts or carcases suppliers to New Zealand were Germany ($X), Spain ($X) and Finland ($X), with a combined 57% share of total imports. Poland, Canada, the United States, Sweden, Denmark, Australia and Belgium lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Poland, with a CAGR of +65.5%, saw the highest rates of growth with regard to 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

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, waning by -7.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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