New Zealand: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in New Zealand

The New Zealand market for candies, sweets, and nonchocolate confectionery contracted to $X in 2022, with a decrease of -4.5% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in New Zealand

In value terms, candy, sweets, and nonchocolate confectionery production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.0% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 45% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from New Zealand

For the third consecutive year, New Zealand recorded growth in shipments abroad of candies, sweets, and nonchocolate confectionery, which increased by 9.2% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 17%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery exports surged to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from New Zealand, with a 74% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.9% per year) and the UK (+0.9% per year).

In value terms, Australia ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from New Zealand, comprising 58% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports. It was followed by China, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.9% per year) and China (+67.8% per year).

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, increasing by 9.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 China (+16.8%), while the prices for the other major destinations experienced a decline.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into New Zealand

In 2022, the amount of candies, sweets, and nonchocolate confectionery imported into New Zealand fell to X tons, waning by -4.5% against the previous year. In general, imports saw a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports shrank slightly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of candy, sweets, and nonchocolate confectionery to New Zealand, with a 46% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Australia totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and Thailand (-3.7% per year).

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to New Zealand were Australia ($X), China ($X) and Thailand ($X), together accounting for 68% of total imports. Germany, the United States, the UK, Spain, Belgium and Brazil lagged somewhat behind, together comprising a further 18%.

Belgium, with a CAGR of +12.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, with an increase of 2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2015 an increase of 12%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 UK ($X per ton), while the price for Brazil ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :