New Zealand: Molluscs Market 2024

Molluscs Market Size in New Zealand

The New Zealand molluscs market surged to $X in 2021, growing by 189% against the previous year. Overall, consumption recorded a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Molluscs Production in New Zealand

In value terms, molluscs production rose sharply to $X in 2021 estimated in export price. In general, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Molluscs Exports

Exports from New Zealand

In 2021, the amount of molluscs (scallops, mussels, cuttle fish, squid and octopus) exported from New Zealand shrank to X tons, which is down by -9.8% compared with the previous year's figure. Over the period under review, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of 66%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, molluscs exports dropped to $X in 2021. Overall, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -27.3% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 48%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), the United States (X tons) and Greece (X tons) were the main destinations of molluscs exports from New Zealand, with a combined 63% share of total exports. Spain, Australia, South Korea, Hong Kong SAR, Russia, the United Arab Emirates, Thailand, Canada and Japan lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +9.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Spain ($X) were the largest markets for molluscs exported from New Zealand worldwide, with a combined 56% share of total exports. Greece, Australia, South Korea, Hong Kong SAR, Russia, the United Arab Emirates, Thailand, Canada and Japan lagged somewhat behind, together accounting for a further 29%.

The United Arab Emirates, with a CAGR of +13.0%, 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

In 2021, the average molluscs export price amounted to $X per ton, declining by -3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2014 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Greece ($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 (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into New Zealand

In 2021, approx. X tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were imported into New Zealand; increasing by 18% compared with the year before. Over the period under review, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 19%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, molluscs imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 35%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest molluscs supplier to New Zealand, with a 70% share of total imports. Moreover, molluscs imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), ninefold. The third position in this ranking was taken by the United States (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+11.5% per year) and the United States (-5.3% per year).

In value terms, China ($X) constituted the largest supplier of molluscs (scallops, mussels, cuttle fish, squid and octopus) to New Zealand, comprising 64% of total imports. The second position in the ranking was held by Peru ($X), with a 13% share of total imports. It was followed by Japan, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+25.3% per year) and Japan (+11.7% per year).

Import Prices by Country

In 2021, the average molluscs import price amounted to $X per ton, dropping by -5.1% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, molluscs import price decreased by -30.1% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 32%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :