New Zealand: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in New Zealand

The New Zealand preserved sweet corn market reached $X in 2022, increasing by 8.2% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Preserved sweet corn consumption peaked in 2022 and is likely to see steady growth in the near future.

Preserved Sweet Corn Production in New Zealand

In value terms, preserved sweet corn production expanded slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 19%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of sweet corn prepared or preserved in New Zealand amounted to less than X kg per ha, almost unchanged from 2021 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. 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 sweet corn prepared or preserved production in New Zealand was estimated at less than X ha, remaining stable against the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from New Zealand

In 2022, preserved sweet corn exports from New Zealand reduced markedly to X tons, with a decrease of -16.1% against 2021 figures. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 47%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, preserved sweet corn exports reduced to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for preserved sweet corn exports from New Zealand, with a 77% share of total exports. Moreover, preserved sweet corn exports to Australia exceeded the volume sent to the second major destination, Germany (X tons), ninefold. Japan (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+321.1% per year) and Japan (-23.2% per year).

In value terms, Australia ($X) remains the key foreign market for sweet corn prepared or preserved exports from New Zealand, comprising 73% of total exports. The second position in the ranking was held by Japan ($X), with a 10% share of total exports. It was followed by Turkey, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-19.6% per year) and Turkey (0.0% per year).

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, surging by 5.4% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sweet corn export price increased by +63.0% against 2014 indices. The pace of growth appeared the most rapid in 2020 an increase of 22%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($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 Australia (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Sweet Corn Imports

Imports into New Zealand

In 2022, the amount of sweet corn prepared or preserved imported into New Zealand soared to X tons, rising by 23% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved sweet corn imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +72.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of preserved sweet corn to New Zealand, with a 80% share of total imports. Moreover, preserved sweet corn imports from Thailand exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Thailand was relatively modest.

In value terms, Thailand ($X) constituted the largest supplier of sweet corn prepared or preserved to New Zealand, comprising 73% of total imports. The second position in the ranking was held by Australia ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +4.0%.

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, increasing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2015 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.5%).

Source: IndexBox Platform

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