New Zealand: Nuts Market 2024

Nuts Market Size in New Zealand

In 2022, the New Zealand nuts market decreased by X% to $X, falling for the fourth consecutive year after five years of growth. In general, consumption saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Nuts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nuts Production in New Zealand

In value terms, nuts production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Nuts production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average nuts yield in New Zealand contracted slightly to X tons per ha, almost unchanged from 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average nuts yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the nuts harvested area in New Zealand stood at X ha, approximately mirroring the year before. In general, the harvested area showed a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to nuts production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Nuts Exports

Exports from New Zealand

In 2022, approx. X tons of nuts were exported from New Zealand; which is down by X% against the previous year. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, nuts exports dropped rapidly to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for nuts exports from New Zealand, with a X% share of total exports. Moreover, nuts exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), threefold. The third position in this ranking was held by Singapore (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (X% per year) and Singapore (X% per year).

In value terms, the largest markets for nuts exported from New Zealand were Australia ($X), Fiji ($X) and Singapore ($X), with a combined X% share of total exports. French Polynesia, Cook Islands, Samoa and Vanuatu lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, French Polynesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Vanuatu ($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 French Polynesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into New Zealand

For the third consecutive year, New Zealand recorded decline in purchases abroad of nuts, which decreased by X% to X tons in 2022. Overall, imports faced a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, nuts imports reduced remarkably to $X in 2022. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), Kenya (X tons) and the United States (X tons) were the main suppliers of nuts imports to New Zealand, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) constituted the largest supplier of nuts to New Zealand, comprising X% of total imports. The second position in the ranking was held by Kenya ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a mild decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and the United States ($X per ton), while the price for South Africa ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :