New Zealand: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in New Zealand

The New Zealand market for malt extract and food preparations of flour, meal, and starches shrank rapidly to $X in 2022, which is down by -19.8% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in New Zealand

In value terms, production of malt extract and food preparations of flour, meal, and starches rose remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.7% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from New Zealand

Exports of malt extract and food preparations of flour, meal, and starches from New Zealand skyrocketed to X tons in 2022, rising by 49% compared with 2021 figures. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +119.2% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. Overall, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United Arab Emirates (X tons) and Malaysia (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from New Zealand, together comprising 51% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +253.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from New Zealand, comprising 40% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+6.4% per year) and the United Arab Emirates (+226.2% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, surging by 3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 when the average export price increased by 15% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into New Zealand

Imports of malt extract and food preparations of flour, meal, and starches into New Zealand shrank sharply to X tons in 2022, reducing by -19.4% compared with the year before. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 44% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches reached $X in 2022. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to New Zealand, accounting for a 75% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.6% per year) and India (+0.8% per year).

In value terms, Australia ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to New Zealand, comprising 70% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of total imports. It was followed by Italy, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.2% per year) and Italy (+53.6% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, with an increase of 25% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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