Report Update Nov 1, 2024

New Zealand - Herrings (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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New Zealand: Preserved Herring Market 2024

Preserved Herring Market Size in New Zealand

The New Zealand preserved herring market rose notably to $X in 2021, with an increase of 11% against the previous year. In general, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Preserved Herring Production in New Zealand

In value terms, preserved herring production rose sharply to $X in 2021 estimated in export price. Overall, production showed a prominent expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 90% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Preserved Herring Exports

Exports from New Zealand

In 2019, exports of herrings (prepared or preserved) from New Zealand amounted to X kg, flattening at the previous year. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, preserved herring exports amounted to $X in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Norfolk Island (X kg) and the Netherlands (X kg) were the main destinations of preserved herring exports from New Zealand. Moreover, preserved herring exports in Norfolk Island exceeded the figures recorded by the second-largest exporter, the Netherlands, twofold.

From 2019 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%).

From 2019 to 2019, the average annual growth rate of value to Norfolk Island was relatively modest.

Preserved Herring Imports

Imports into New Zealand

In 2021, the amount of herrings (prepared or preserved) imported into New Zealand contracted rapidly to X tons, waning by -24.3% on 2020. Over the period under review, imports faced a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 83% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved herring imports contracted significantly to $X in 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 84%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Belarus (X tons) constituted the largest preserved herring supplier to New Zealand, accounting for a 38% share of total imports. Moreover, preserved herring imports from Belarus exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by Denmark (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-30.4% per year) and Denmark (+9.2% per year).

In value terms, the largest preserved herring suppliers to New Zealand were Belarus ($X), Denmark ($X) and Canada ($X), with a combined 57% share of total imports. Italy, Latvia, Vietnam, Sweden, Lithuania, Germany, India and Australia lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Latvia, with a CAGR of +21.6%, 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

In 2021, the average preserved herring import price amounted to $X per ton, increasing by 9.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 17%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Vietnam ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for herrings (prepared or preserved) in the world?

The country with the largest volume of preserved herring consumption was China, accounting for 18% of total volume. Moreover, preserved herring consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 6.3% share.

What are the largest producers of herrings (prepared or preserved) in the world?

China remains the largest preserved herring producing country worldwide, comprising approx. 18% of total volume. Moreover, preserved herring production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 6% share.

What are the leading suppliers of herrings (prepared or preserved) to New Zealand?

In value terms, Canada constituted the largest supplier of preserved herring to New Zealand, comprising 78% of total imports. The second position in the ranking was occupied by Belarus, with a 5.2% share of total imports. It was followed by Denmark, with a 4.8% share.

What is the average export price for herrings (prepared or preserved) in New Zealand?

The average preserved herring export price stood at $10,500 per ton in 2019, remaining stable against the previous year.

What is the average import price for herrings (prepared or preserved) in New Zealand?

The average preserved herring import price stood at $5,973 per ton in 2021, approximately equating the previous year.

This report provides an in-depth analysis of the preserved herring market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023