New Zealand: Preserved Sardines Market 2024

Preserved Sardines Market Size in New Zealand

The New Zealand preserved sardines market skyrocketed to $X in 2022, jumping by 23% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Preserved Sardines Production in New Zealand

In value terms, preserved sardines production surged to $X in 2022 estimated in export price. In general, production showed a modest expansion. The most prominent rate of growth was recorded in 2020 with an increase of 148% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Preserved Sardines Exports

Exports from New Zealand

For the fourth year in a row, New Zealand recorded growth in shipments abroad of sardines (prepared or preserved), which increased by 13% to X tons in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 142% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, preserved sardines exports fell to $X in 2022. Overall, exports enjoyed a perceptible increase. The growth pace was the most rapid in 2015 with an increase of 243%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Cook Islands (X tons), Fiji (X tons) and Niue (X kg) were the main destinations of preserved sardines exports from New Zealand, together accounting for 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.

In value terms, Cook Islands ($X) remains the key foreign market for sardines (prepared or preserved) exports from New Zealand, comprising 45% of total exports. The second position in the ranking was held by Fiji ($X), with a 15% share of total exports. It was followed by Niue, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Cook Islands stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+14.9% per year) and Niue (+11.2% per year).

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, dropping by -17.7% against the previous year. Overall, the export price recorded a mild descent. The pace of growth was the most pronounced in 2015 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tuvalu ($X per ton), while the average price for exports to Fiji ($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 Tuvalu (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into New Zealand

In 2022, preserved sardines imports into New Zealand skyrocketed to X tons, picking up by 28% against the previous year's figure. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, preserved sardines imports skyrocketed to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.9% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 51%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of preserved sardines to New Zealand, accounting for a 37% share of total imports. Moreover, preserved sardines imports from Poland exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.1% per year) and Japan (+56.5% per year).

In value terms, Poland ($X) constituted the largest supplier of sardines (prepared or preserved) to New Zealand, comprising 52% of total imports. The second position in the ranking was held by Latvia ($X), with a 13% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+65.6% per year) and Thailand (+2.3% per year).

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, with an increase of 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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