New Zealand: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in New Zealand

The New Zealand non-wheat groats market dropped slightly to $X in 2021, waning by -2.3% against the previous year. In general, consumption showed a abrupt contraction. Non-wheat groats consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Non-Wheat Groats Production in New Zealand

In value terms, non-wheat groats production reached $X in 2021 estimated in export price. In general, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 31%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Non-Wheat Groats Exports

Exports from New Zealand

In 2021, overseas shipments of groats and meal of cereals (excluding wheat) increased by 335% to X tons, rising for the second consecutive year after five years of decline. In general, exports, however, recorded a deep slump. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat groats exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons), Fiji (X tons) and Australia (X tons) were the main destinations of non-wheat groats exports from New Zealand, with a combined 84% share of total exports. These countries were followed by New Caledonia, Taiwan (Chinese), Singapore and South Korea, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +105.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-wheat groats exported from New Zealand were Papua New Guinea ($X), Fiji ($X) and Australia ($X), together accounting for 83% of total exports. These countries were followed by New Caledonia, Taiwan (Chinese), Singapore and South Korea, which together accounted for a further 15%.

Among the main countries of destination, Singapore, with a CAGR of +112.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-wheat groats export price amounted to $X per ton, increasing by 10% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 167%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average 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 ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into New Zealand

After two years of decline, purchases abroad of groats and meal of cereals (excluding wheat) increased by 1.2% to X tons in 2021. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 149%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, non-wheat groats imports expanded sharply to $X in 2021. Over the period under review, imports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 106% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest non-wheat groats supplier to New Zealand, with a 69% share of total imports. Moreover, non-wheat groats imports from Australia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+1.7% per year) and Mexico (+23.3% per year).

In value terms, Australia ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to New Zealand, comprising 68% of total imports. The second position in the ranking was held by South Africa ($X), with a 12% share of total imports. It was followed by Mexico, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Australia amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+6.1% per year) and Mexico (+24.0% per year).

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, surging by 9.8% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats import price increased by +78.4% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 38% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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