New Zealand: Maltodextrine Market 2024

Maltodextrine Market Size in New Zealand

The New Zealand maltodextrine market dropped remarkably to $X in 2021, falling by -44.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a resilient increase. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Maltodextrine Exports

Exports from New Zealand

In 2021, the amount of maltodextrine and maltodextine syrup exported from New Zealand surged to X tons, rising by 384% against the previous year. Overall, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, maltodextrine exports soared to $X in 2021. Over the period under review, exports enjoyed resilient growth. 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 maltodextrine exports from New Zealand, with a 53% share of total exports. Moreover, maltodextrine exports to Australia exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was taken by Singapore (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+68.0% per year) and Singapore (+20.6% per year).

In value terms, Australia ($X) remains the key foreign market for maltodextrine and maltodextine syrup exports from New Zealand, comprising 52% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Singapore, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+67.1% per year) and Singapore (+25.7% per year).

Export Prices by Country

In 2021, the average maltodextrine export price amounted to $X per ton, which is down by -7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 59%. As a result, the export price reached the peak level of $X per ton. From 2016 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 the United States ($X per ton), while the average price for exports to New Caledonia ($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 the United States (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Maltodextrine Imports

Imports into New Zealand

Maltodextrine imports into New Zealand reduced sharply to X tons in 2021, with a decrease of -33.6% on 2020. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 52%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted sharply in the following year.

In value terms, maltodextrine imports dropped remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 63%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest maltodextrine supplier to New Zealand, with a 32% share of total imports. Moreover, maltodextrine imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+19.2% per year) and the UK (+71.9% per year).

In value terms, the largest maltodextrine suppliers to New Zealand were the Netherlands ($X), Australia ($X) and China ($X), with a combined 53% share of total imports. The UK, South Korea, Belgium, the United States, Malaysia, Indonesia, Thailand, Israel, Germany and South Africa lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, the UK, with a CAGR of +71.4%, recorded 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

In 2021, the average maltodextrine import price amounted to $X per ton, reducing by -4.6% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, maltodextrine import price increased by +63.4% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 26%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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