New Zealand - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSweet Potato Price in New Zealand - 2023
Contents:
- Sweet Potato Price in New Zealand (CIF) - 2022
- Sweet Potato Price in New Zealand (FOB) - 2023
- Sweet Potato Imports in New Zealand
- Sweet Potato Exports in New Zealand
Sweet Potato Price in New Zealand (CIF) - 2022
The average sweet potato import price stood at $1,085 per ton in 2022, reducing by -5.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 35%. As a result, import price reached the peak level of $1,213 per ton. From 2016 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 China ($1,224 per ton), while the price for Tonga ($387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.
Sweet Potato Price in New Zealand (FOB) - 2023
The average sweet potato export price stood at $1,115 per ton in July 2023, with a decrease of -3.9% against the previous month. Over the period under review, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 14% m-o-m. The export price peaked at $1,381 per ton in October 2022; however, from November 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Australia ($1,115 per ton), while the average price for exports to Hong Kong SAR amounted to $1,115 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-1.3%).
Sweet Potato Imports in New Zealand
Sweet potato imports into New Zealand declined sharply to 233 tons in 2022, with a decrease of -48.7% on 2021 figures. Overall, imports recorded a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 17%.
In value terms, sweet potato imports fell remarkably to $253K in 2022. Over the period under review, imports showed a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 36%.
| Import of Sweet Potato in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 212 | 98.7 | 149 | 143 | -12.3% |
| Fiji | 12.4 | 19.3 | 17.3 | 58.1 | 67.3% |
| Thailand | N/A | N/A | N/A | 39.7 | 0% |
| Tonga | 37.8 | 44.7 | 30.7 | 12.1 | -31.6% |
| United States | 268 | 214 | 243 | N/A | -4.8% |
| Australia | N/A | N/A | 82.9 | N/A | 0% |
| Others | 2.9 | 8.7 | 1.4 | N/A | -30.5% |
| Total | 533 | 385 | 524 | 253 | -22.0% |
Top Suppliers of Sweet Potato to New Zealand in 2022:
- China (116.8 tons)
- Fiji (50.5 tons)
- Thailand (34.5 tons)
- Tonga (31.2 tons)
Sweet Potato Exports in New Zealand
For the fourth year in a row, New Zealand recorded growth in shipments abroad of sweet potatoes, which increased by 483% to 176 tons in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sweet potato exports soared to $543K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sweet Potato in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | 4.1 | 3.2 | 459 | 958.1% |
| Hong Kong SAR | 117 | 117 | 68.8 | 54.4 | -22.5% |
| French Polynesia | 11.4 | 10.3 | 6.4 | 17.8 | 16.0% |
| Norfolk Island | N/A | N/A | N/A | 4.0 | 0% |
| Others | 17.0 | 7.2 | 5.9 | 7.7 | -23.2% |
| Total | 145 | 139 | 84.3 | 543 | 55.3% |
Top Export Markets for Sweet Potato from New Zealand in 2022:
- Australia (144.1 tons)
- French Polynesia (16.0 tons)
- Hong Kong SAR (8.9 tons)
- Norfolk Island (3.6 tons)
This report provides an in-depth analysis of the sweet potato market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 122 - Sweet potatoes
Country coverage:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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