New Zealand: Root And Tuber Market 2024

Root And Tuber Market Size in New Zealand

The New Zealand root and tuber market amounted to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Root And Tuber Production in New Zealand

In value terms, root and tuber production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of roots and tubers in New Zealand declined modestly to X tons per ha in 2022, flattening at the previous year's figure. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. The root and tuber yield peaked at X tons per ha in 2021, and then declined modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of roots and tubers were harvested in New Zealand; approximately mirroring the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to root and tuber production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Root And Tuber Exports

Exports from New Zealand

For the sixth year in a row, New Zealand recorded decline in overseas shipments of roots and tubers, which decreased by X% to X tons in 2022. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, root and tuber exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Fiji (X tons) was the main destination for root and tuber exports from New Zealand, with a X% share of total exports. Moreover, root and tuber exports to Fiji exceeded the volume sent to the second major destination, French Polynesia (X tons), more than tenfold. Samoa (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 Fiji stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (X% per year) and Samoa (X% per year).

In value terms, Fiji ($X) remains the key foreign market for roots and tubers exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by French Polynesia ($X), with a X% share of total exports. It was followed by Samoa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (X% per year) and Samoa (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a buoyant increase 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, root and tuber export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were French Polynesia ($X per ton) and Fiji ($X per ton), while the average price for exports to Tonga ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into New Zealand

After three years of growth, supplies from abroad of roots and tubers decreased by X% to X tons in 2022. Over the period under review, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports expanded to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Fiji (X tons) constituted the largest supplier of root and tuber to New Zealand, accounting for a X% share of total imports. Moreover, root and tuber imports from Fiji exceeded the figures recorded by the second-largest supplier, Tonga (X tons), threefold. The third position in this ranking was held by Samoa (X tons), with a X% share.

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

In value terms, Fiji ($X) constituted the largest supplier of roots and tubers to New Zealand, comprising X% of total imports. The second position in the ranking was held by Samoa ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Fiji was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Samoa (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Fiji ($X per ton), while the price for Tonga ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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