New Zealand - Food Preparations For Infants - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaby Food Price in New Zealand - 2023
Contents:
- Baby Food Price in New Zealand (FOB) - 2023
- Baby Food Price in New Zealand (CIF) - 2022
- Baby Food Exports in New Zealand
- Baby Food Imports in New Zealand
Baby Food Price in New Zealand (FOB) - 2023
The average baby food export price stood at $13,170 per ton in August 2023, jumping by 25% against the previous month. Over the period from September 2022 to August 2023, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in May 2023 an increase of 36% month-to-month. As a result, the export price reached the peak level of $15,682 per ton. From June 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($17,147 per ton), while the average price for exports to Thailand ($5,222 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Baby Food Price in New Zealand (CIF) - 2022
The average baby food import price stood at $8,117 per ton in 2022, surging by 29% 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 38%. Over the period under review, average import prices hit record highs at $8,744 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 UK ($18,979 per ton), while the price for Australia ($4,464 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Baby Food Exports in New Zealand
In 2022, after two years of decline, there was growth in shipments abroad of food preparations for infants, when their volume increased by 3.2% to 91K tons. In general, exports, however, recorded a abrupt setback.
In value terms, baby food exports rose significantly to $1.1B in 2022. Over the period under review, exports, however, showed a mild downturn.
| Export of Baby Food in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 455 | 627 | 555 | 694 | 15.1% |
| Hong Kong SAR | 265 | 197 | 161 | 149 | -17.5% |
| Australia | 289 | 224 | 139 | 115 | -26.4% |
| Thailand | 17.0 | 19.8 | 21.3 | 19.6 | 4.9% |
| Indonesia | 3.5 | 4.2 | 4.5 | 7.0 | 26.0% |
| Others | 82.6 | 74.8 | 88.2 | 91.6 | 3.5% |
| Total | 1,112 | 1,146 | 969 | 1,077 | -1.1% |
Top Export Markets for Baby Food from New Zealand in 2022:
- China (51.7K tons)
- Australia (17.2K tons)
- Hong Kong SAR (8.8K tons)
- Thailand (3.7K tons)
- Indonesia (1.8K tons)
Baby Food Imports in New Zealand
In 2022, approx. 1.3K tons of food preparations for infants were imported into New Zealand; surging by 2.6% on the previous year. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 8.9%. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, baby food imports skyrocketed to $11M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Baby Food in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 5.3 | 4.9 | 3.4 | 5.2 | -0.6% |
| Australia | 2.8 | 2.2 | 2.1 | 1.9 | -12.1% |
| Netherlands | 0.3 | 1.8 | 1.1 | 1.9 | 85.0% |
| United Kingdom | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Germany | 0.2 | 0.4 | 0.3 | 0.4 | 26.0% |
| Others | 0.9 | 0.9 | 0.8 | 0.6 | -12.6% |
| Total | 9.5 | 10.1 | 8.0 | 10.5 | 3.4% |
Top Suppliers of Baby Food to New Zealand in 2022:
- Singapore (633.7 tons)
- Australia (430.2 tons)
- Netherlands (122.3 tons)
- Germany (33.9 tons)
- United Kingdom (24.4 tons)
This report provides an in-depth analysis of the baby food 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:
- Prodcom 10861070 - Food preparations for infants, p.r.s. (excluding homogenised composite food preparations)
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
- 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 VOLUME AND VALUE
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
- 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
- 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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