New Zealand: Yoghurt Market 2024

Yoghurt Market Size in New Zealand

The New Zealand yoghurt market dropped modestly to $X in 2022, flattening at the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Yoghurt Production in New Zealand

In value terms, yoghurt production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 42%. Yoghurt production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Yoghurt Exports

Exports from New Zealand

In 2022, the amount of yoghurt exported from New Zealand surged to X tons, picking up by 17% compared with 2021 figures. Overall, exports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2013 with an increase of 123%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, yoghurt exports expanded rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 145% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons), China (X tons) and Singapore (X tons) were the main destinations of yoghurt exports from New Zealand, together comprising 78% of total exports. Samoa, New Caledonia, Cook Islands, Tonga, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tonga (with a CAGR of +10.3%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for yoghurt exports from New Zealand, comprising 47% of total exports. The second position in the ranking was taken by China ($X), with a 19% share of total exports. It was followed by Singapore, with a 5.6% 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: China (-0.3% per year) and Singapore (+3.0% per year).

Export Prices by Country

In 2022, the average yoghurt export price amounted to $X per ton, which is down by -6.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 36% 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($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 Singapore (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into New Zealand

In 2022, yoghurt imports into New Zealand fell slightly to X tons, almost unchanged from the year before. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 23%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, yoghurt imports fell to $X in 2022. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 28% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Australia (X tons) and China (X tons) were the main suppliers of yoghurt imports to New Zealand, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +34.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Australia ($X) and China ($X) constituted the largest yoghurt suppliers to New Zealand, together comprising 80% of total imports.

China, with a CAGR of +34.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average yoghurt import price stood at $X per ton in 2022, reducing by -4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2021 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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