New Zealand: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in New Zealand

The New Zealand market for chocolate bars with cereals, fruit or nuts contracted sharply to $X in 2022, waning by -42.6% against the previous year. Over the period under review, consumption recorded a perceptible decrease. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in New Zealand

In value terms, production of chocolate bars with cereals, fruit or nuts reduced to $X in 2022 estimated in export price. In general, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 265%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from New Zealand

For the third year in a row, New Zealand recorded growth in shipments abroad of chocolate bars with cereals, fruit or nuts, which increased by 85% to X tons in 2022. In general, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Over the period under review, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from New Zealand, with a 82% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to Australia exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. Canada (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+15.5% per year) and Canada (+91.0% per year).

In value terms, Australia ($X) remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from New Zealand, comprising 82% of total exports. The second position in the ranking was held by Malaysia ($X), with a 3.3% share of total exports. It was followed by China, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+19.3% per year) and China (+30.8% per year).

Export Prices by Country

In 2022, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, growing by 37% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chocolate bars with cereals, fruit or nuts increased by +49.6% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Singapore ($X per ton), while the average price for exports to Malaysia ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into New Zealand

In 2022, purchases abroad of chocolate bars with cereals, fruit or nuts increased by 27% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts stood at $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 24% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of cereal, fruit or nut chocolate bar to New Zealand, with a 58% share of total imports. Moreover, imports of chocolate bars with cereals, fruit or nuts from Australia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Switzerland (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+57.3% per year) and Switzerland (+2.5% per year).

In value terms, Australia ($X), Italy ($X) and Switzerland ($X) were the largest cereal, fruit or nut chocolate bar suppliers to New Zealand, with a combined 69% share of total imports.

Italy, with a CAGR of +65.2%, recorded the highest growth rate of the value of imports, among the main suppliers 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 chocolate bars with cereals, fruit or nuts amounted to $X per ton, shrinking by -12.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2015 an increase of 23%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Australia ($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 (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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