New Zealand: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in New Zealand

The New Zealand uncooked pasta market expanded remarkably to $X in 2021, picking up by 12% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.3% against 2019 indices. Uncooked pasta consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Uncooked Pasta Production in New Zealand

In value terms, uncooked pasta production surged to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 65% against the previous year. Uncooked pasta production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Uncooked Pasta Exports

Exports from New Zealand

In 2021, after three years of decline, there was significant growth in overseas shipments of uncooked pasta, when their volume increased by 124% to X tons. Over the period under review, exports recorded perceptible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, uncooked pasta exports surged to $X in 2021. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cook Islands (X tons), Tonga (X tons) and Samoa (X tons) were the main destinations of uncooked pasta exports from New Zealand, with a combined 66% share of total exports. These countries were followed by Fiji, American Samoa, Australia, Wallis and Futuna Islands, Papua New Guinea and Hong Kong SAR, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Wallis and Futuna Islands (with a CAGR of +176.9%), while the other leaders experienced more modest paces of growth.

In value terms, Cook Islands ($X), Tonga ($X) and Samoa ($X) appeared to be the largest markets for uncooked pasta exported from New Zealand worldwide, with a combined 61% share of total exports. These countries were followed by Fiji, Australia, American Samoa, Papua New Guinea, Wallis and Futuna Islands and Hong Kong SAR, which together accounted for a further 26%.

Among the main countries of destination, Wallis and Futuna Islands, with a CAGR of +134.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Samoa ($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 Papua New Guinea (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into New Zealand

In 2021, approx. X tons of uncooked pasta were imported into New Zealand; declining by -21.5% compared with 2020. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 24%. Over the period under review, imports attained the peak figure at X tons in 2020, and then contracted rapidly in the following year.

In value terms, uncooked pasta imports contracted to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of uncooked pasta to New Zealand, with a 51% share of total imports. Moreover, uncooked pasta imports from Italy exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. Latvia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-11.5% per year) and Latvia (-11.4% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta to New Zealand, comprising 55% of total imports. The second position in the ranking was held by Australia ($X), with a 12% share of total imports. It was followed by China, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-13.7% per year) and China (+4.6% per year).

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, with an increase of 18% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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