New Zealand: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in New Zealand

In 2021, after two years of growth, there was decline in the New Zealand preserved mackerel market, when its value decreased by -2.5% to $X. Over the period under review, consumption continues to indicate a perceptible contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Preserved Mackerel Production in New Zealand

In value terms, preserved mackerel production surged to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 624%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Preserved Mackerel Exports

Exports from New Zealand

In 2021, the amount of mackerel (prepared or preserved) exported from New Zealand surged to X tons, jumping by 125% compared with 2020. In general, exports, however, saw a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved mackerel exports surged to $X in 2021. Overall, exports, however, saw a perceptible descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Samoa (X tons) and Cook Islands (X tons) were the main destinations of preserved mackerel exports from New Zealand, with a combined 85% share of total exports. These countries were followed by Tuvalu, Wallis and Futuna Islands, Niue and Tonga, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tuvalu (with a CAGR of +26.6%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Samoa ($X) and Cook Islands ($X) constituted the largest markets for preserved mackerel exported from New Zealand worldwide, together accounting for 89% of total exports. Tuvalu, Wallis and Futuna Islands, Niue and Tonga lagged somewhat behind, together accounting for a further 10%.

Among the main countries of destination, Tuvalu, with a CAGR of +36.9%, recorded 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 preserved mackerel export price amounted to $X per ton, almost unchanged from the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved mackerel export price decreased by -1.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 111%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Wallis and Futuna Islands ($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 Tuvalu (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into New Zealand

Preserved mackerel imports into New Zealand contracted to X tons in 2021, which is down by -3.5% on the year before. In general, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 21%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, preserved mackerel imports shrank to $X in 2021. Overall, imports continue to indicate a mild slump. The growth pace was the most rapid in 2017 when imports increased by 36%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of preserved mackerel to New Zealand, accounting for a 67% share of total imports. Moreover, preserved mackerel imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by Chile (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.5% per year) and Chile (-5.9% per year).

In value terms, the largest preserved mackerel suppliers to New Zealand were China ($X), Japan ($X) and Chile ($X), together comprising 85% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +6.4%, 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

The average preserved mackerel import price stood at $X per ton in 2021, standing approx. at the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2019 when the average import price increased by 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($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 (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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