New Zealand: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in New Zealand

In 2020, the New Zealand prepared frozen vegetable market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed a resilient expansion. The pace of growth appeared the most rapid in 2019 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the near future.

Prepared Frozen Vegetable Production in New Zealand

In value terms, prepared frozen vegetable production soared to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Prepared frozen vegetable production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Prepared Frozen Vegetable Exports

Exports from New Zealand

In 2020, shipments abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, prepared frozen vegetable exports fell significantly to $X in 2020. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Japan (X tons) was the main destination for prepared frozen vegetable exports from New Zealand, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to Japan exceeded the volume sent to the second major destination, Australia (X tons), threefold. The third position in this ranking was occupied by Samoa (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-X% per year) and Samoa (+X% per year).

In value terms, Japan ($X) emerged as the key foreign market for prepared frozen vegetable exports from New Zealand, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports. It was followed by Samoa, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-X% per year) and Samoa (+X% per year).

Export Prices by Country

The average prepared frozen vegetable export price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, prepared frozen vegetable export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Samoa ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into New Zealand

In 2020, supplies from abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) was finally on the rise to reach X tons after two years of decline. In general, imports showed resilient growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, prepared frozen vegetable imports soared to $X in 2020. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, China (X tons) constituted the largest prepared frozen vegetable supplier to New Zealand, accounting for a X% share of total imports. Moreover, prepared frozen vegetable imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was occupied by Belgium (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Belgium (+X% per year).

In value terms, the United States ($X), China ($X) and Belgium ($X) constituted the largest prepared frozen vegetable suppliers to New Zealand, together accounting for X% of total imports. These countries were followed by Australia, France, the Netherlands and India, which together accounted for a further X terms of the main suppliers, France (+X% per year) recorded the highest growth rate of 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

The average prepared frozen vegetable import price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, import price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, prepared frozen vegetable import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2019 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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