New Zealand: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in New Zealand

The New Zealand mixes and doughs market fell rapidly to $X in 2022, waning by -54.3% against the previous year. Overall, consumption saw a deep slump. Mixes and doughs consumption peaked at $X in 2021, and then dropped markedly in the following year.

Mixes And Doughs Production in New Zealand

In value terms, mixes and doughs production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 -4.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mixes And Doughs Exports

Exports from New Zealand

In 2022, exports of mixes and doughs from New Zealand soared to X tons, with an increase of 94% compared with 2021. Overall, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mixes and doughs exports skyrocketed to $X in 2022. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for mixes and doughs exports from New Zealand, accounting for a 56% share of total exports. Moreover, mixes and doughs exports to Australia exceeded the volume sent to the second major destination, Japan (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+8.8% per year) and Hong Kong SAR (+6.1% per year).

In value terms, the largest markets for mixes and doughs exported from New Zealand were Australia ($X), Japan ($X) and Malaysia ($X), with a combined 82% share of total exports.

Malaysia, with a CAGR of +41.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixes and doughs export price stood at $X per ton in 2022, surging by 14% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the average price for exports to Saudi Arabia ($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 Singapore (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into New Zealand

In 2022, supplies from abroad of mixes and doughs increased by 21% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports showed a perceptible increase. The most prominent rate of growth was recorded in 2013 when imports increased by 101% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, mixes and doughs imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest mixes and doughs supplier to New Zealand, with a 64% share of total imports. Moreover, mixes and doughs imports from Australia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. Greece (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+69.8% per year) and Greece (+241.7% per year).

In value terms, Australia ($X) constituted the largest supplier of mixes and doughs to New Zealand, comprising 64% of total imports. The second position in the ranking was held by Vietnam ($X), with an 8.9% share of total imports. It was followed by Greece, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+73.6% per year) and Greece (+243.6% per year).

Import Prices by Country

In 2022, the average mixes and doughs import price amounted to $X per ton, with a decrease of -8.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

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 the United States ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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