New Zealand: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in New Zealand

The New Zealand waffle and wafer market fell to $X in 2021, declining by -7.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a prominent increase. Waffle and wafer consumption peaked at $X in 2020, and then fell in the following year.

Waffle And Wafer Exports

Exports from New Zealand

After eight years of decline, overseas shipments of waffles and wafers increased by 60% to X tons in 2021. Over the period under review, exports, however, saw a mild setback. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, waffle and wafer exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for waffle and wafer exports from New Zealand, with a 92% share of total exports. Moreover, waffle and wafer exports to Australia exceeded the volume sent to the second major destination, Tonga (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+43.4% per year) and Fiji (+11.3% per year).

In value terms, Australia ($X) remains the key foreign market for waffles and wafers exports from New Zealand, comprising 92% of total exports. The second position in the ranking was taken by Tonga ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+30.6% per year) and Fiji (+14.6% per year).

Export Prices by Country

In 2021, the average waffle and wafer export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2016 an increase of 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Tonga ($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 the United States (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Waffle And Wafer Imports

Imports into New Zealand

In 2021, waffle and wafer imports into New Zealand expanded slightly to X tons, rising by 1.7% on the year before. Overall, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.0% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, waffle and wafer imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 30%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) constituted the largest waffle and wafer supplier to New Zealand, with a 53% share of total imports. Moreover, waffle and wafer imports from Australia exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Indonesia (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and Indonesia (-2.5% per year).

In value terms, Australia ($X) constituted the largest supplier of waffles and wafers to New Zealand, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total imports. It was followed by Belgium, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.9% per year) and Belgium (+111.1% per year).

Import Prices by Country

In 2021, the average waffle and wafer import price amounted to $X per ton, surging by 5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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