New Zealand: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in New Zealand

After two years of growth, the New Zealand non-wheat flour market decreased by -1.9% to $X in 2021. Over the period under review, consumption recorded a mild shrinkage. Non-wheat flour consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Wheat Flour Production in New Zealand

In value terms, non-wheat flour production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Non-wheat flour production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Non-Wheat Flour Exports

Exports from New Zealand

In 2021, exports of non-wheat flours from New Zealand surged to X tons, jumping by 30% compared with the year before. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 112%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-wheat flour exports surged to $X in 2021. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 126%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for non-wheat flour exports from New Zealand, with a 48% share of total exports. Moreover, non-wheat flour exports to the United States exceeded the volume sent to the second major destination, Fiji (X tons), fivefold. Papua New Guinea (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +99.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+19.7% per year) and Papua New Guinea (+51.5% per year).

In value terms, the United States ($X) remains the key foreign market for non-wheat flours exports from New Zealand, comprising 49% of total exports. The second position in the ranking was taken by Fiji ($X), with a 10% share of total exports. It was followed by Papua New Guinea, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +101.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+17.1% per year) and Papua New Guinea (+49.3% per year).

Export Prices by Country

In 2021, the average non-wheat flour export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 8.8% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the 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 Cook Islands ($X per ton), while the average price for exports to Thailand ($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 Cook Islands (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Flour Imports

Imports into New Zealand

In 2021, overseas purchases of non-wheat flours increased by 18% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-wheat flour imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

Australia (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of non-wheat flour imports to New Zealand, with a combined 80% share of total imports. India, Belgium, the United States, China, Argentina, Mexico, Pakistan and Hong Kong SAR lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +109.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat flour suppliers to New Zealand were Australia ($X), Thailand ($X) and Vietnam ($X), together comprising 75% of total imports. These countries were followed by India, Belgium, the United States, China, Argentina, Mexico, Hong Kong SAR and Pakistan, which together accounted for a further 20%.

Mexico, with a CAGR of +108.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-wheat flour import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 8%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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