New Zealand: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in New Zealand

The New Zealand unmanufactured tobacco market soared to $X in 2022, jumping by 57% against the previous year. In general, consumption, however, showed a sharp decline. Unmanufactured tobacco consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Unmanufactured Tobacco Production in New Zealand

In value terms, unmanufactured tobacco production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. Unmanufactured tobacco production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of tobacco (unmanufactured) in New Zealand amounted to less than X kg per ha, approximately equating the previous year. In general, the yield saw 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 tobacco (unmanufactured) production in New Zealand totaled less than X ha, remaining relatively unchanged against 2021. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Unmanufactured Tobacco Exports

Exports from New Zealand

In 2022, the amount of tobacco (unmanufactured) exported from New Zealand skyrocketed to X tons, picking up by 31% compared with 2021 figures. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,080,967%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, unmanufactured tobacco exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 97,471%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for unmanufactured tobacco exports from New Zealand, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +276.5%.

In value terms, the Netherlands ($X) also remains the key foreign market for tobacco (unmanufactured) exports from New Zealand.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to +182.4%.

Export Prices by Country

In 2022, the average unmanufactured tobacco export price amounted to $X per ton, which is down by -7.8% against the previous year. Over the period under review, the export price continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +31.8% per year.

Unmanufactured Tobacco Imports

Imports into New Zealand

In 2022, after seven years of decline, there was significant growth in purchases abroad of tobacco (unmanufactured), when their volume increased by 102% to X tons. Over the period under review, imports, however, faced a precipitous decline. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, unmanufactured tobacco imports soared to $X in 2022. Overall, imports, however, recorded a significant contraction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Brazil (X tons) and Zimbabwe (X tons) were the main suppliers of unmanufactured tobacco imports to New Zealand, together accounting for 77% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of -23.9%), while imports for the other leaders experienced a decline.

In value terms, India ($X), Brazil ($X) and Zimbabwe ($X) were the largest unmanufactured tobacco suppliers to New Zealand, together accounting for 78% of total imports.

India, with a CAGR of -19.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average unmanufactured tobacco import price amounted to $X per ton, rising by 22% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unmanufactured tobacco import price decreased by -1.7% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Brazil ($X per ton), while the price for Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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