New Zealand: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in New Zealand

In 2021, the New Zealand peach and nectarine market decreased by -61.3% to $X, falling for the eighth year in a row after two years of growth. Over the period under review, consumption saw a dramatic contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Peach And Nectarine Production in New Zealand

In value terms, peach and nectarine production reached $X in 2021 estimated in export price. In general, production, however, showed a dramatic descent. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of peaches and nectarines in New Zealand expanded to X kg per ha in 2021, with an increase of 2.9% against the previous year's figure. Overall, the yield, however, recorded a dramatic decline. Over the period under review, the average peach and nectarine yield hit record highs at X tons per ha in 2013; however, from 2014 to 2021, 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 2021, the total area harvested in terms of peaches and nectarines production in New Zealand reached X ha, approximately mirroring the previous year's figure. In general, the harvested area, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the harvested area increased by 28%. Over the period under review, the harvested area dedicated to peach and nectarine production attained the peak figure at X ha in 2016; however, from 2017 to 2021, the harvested area failed to regain momentum.

Peach And Nectarine Exports

Exports from New Zealand

In 2021, after three years of decline, there was significant growth in overseas shipments of peaches and nectarines, when their volume increased by 81% to X tons. In general, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, peach and nectarine exports soared to $X in 2021. Over the period under review, exports saw noticeable growth. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Taiwan (Chinese) (X tons) and Australia (X tons) were the main destinations of peach and nectarine exports from New Zealand, together comprising 68% of total exports. These countries were followed by the United States, Kuwait, Hong Kong SAR and New Caledonia, which together accounted for a further 24%.

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 States (with a CAGR of +64.9%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Taiwan (Chinese) ($X) and Kuwait ($X) appeared to be the largest markets for peach and nectarine exported from New Zealand worldwide, with a combined 75% share of total exports. These countries were followed by Australia, Hong Kong SAR, New Caledonia and the United States, which together accounted for a further 19%.

The United States, with a CAGR of +62.7%, saw the highest rates of growth with regard to 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

The average peach and nectarine export price stood at $X per ton in 2021, rising by 34% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the United States ($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 Netherlands (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Peach And Nectarine Imports

Imports into New Zealand

In 2021, overseas purchases of peaches and nectarines decreased by -59.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 134% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, peach and nectarine imports shrank notably to $X in 2021. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 109%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of peach and nectarine to New Zealand, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -20.7%.

In value terms, the United States ($X) constituted the largest supplier of peach and nectarine to New Zealand.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -17.5%.

Import Prices by Country

The average peach and nectarine import price stood at $X per ton in 2021, increasing by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 40%. The import price peaked in 2021 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +4.0% per year.

Source: IndexBox Platform

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