New Zealand: Oil Crops Market 2025

Oil Crops Market Size in New Zealand

In 2022, the New Zealand oil crops market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Oil Crops Production in New Zealand

In value terms, oil crops production reached $X in 2022 estimated in export price. Overall, production, however, showed a mild setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of oil crops (primary) in New Zealand declined slightly to X tons per ha in 2022, leveling off at the previous year. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The oil crops yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in New Zealand amounted to X ha, approximately reflecting 2021 figures. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to oil crops production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Oil Crops Exports

Exports from New Zealand

In 2022, shipments abroad of oil crops (primary) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, oil crops exports fell slightly to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for oil crops exports from New Zealand, with a X% share of total exports. Moreover, oil crops exports to Germany exceeded the volume sent to the second major destination, Australia (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for oil crops (primary) exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Oil Crops Imports

Imports into New Zealand

In 2022, approx. X tons of oil crops (primary) were imported into New Zealand; jumping by X% compared with 2021. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil crops imports skyrocketed to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Australia (X tons) constituted the largest oil crops supplier to New Zealand, accounting for a X% share of total imports. Moreover, oil crops imports from Australia exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), more than tenfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Canada (X% per year).

In value terms, Australia ($X) constituted the largest supplier of oil crops (primary) to New Zealand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by India, with an X% share.

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

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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