Broken Rice Price in New Zealand - 2023
Contents:
- Broken Rice Price in New Zealand (CIF) - 2022
- Broken Rice Price in New Zealand (FOB) - 2022
- Broken Rice Imports in New Zealand
- Broken Rice Exports in New Zealand
Broken Rice Price in New Zealand (CIF) - 2022
The average broken rice import price stood at $909 per ton in 2022, rising by 3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, average import prices attained the maximum at $934 per ton in 2019; however, from 2020 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 India ($1,056 per ton), while the price for Myanmar ($687 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Broken Rice Price in New Zealand (FOB) - 2022
In 2022, the average broken rice export price amounted to $3,474 per ton, increasing by 52% against the previous year. Overall, the export price showed a resilient increase. The pace of growth was the most pronounced in 2013 an increase of 115%. The export price peaked in 2022 and is expected to retain growth in the near future.
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 Samoa ($13,587 per ton), while the average price for exports to Norfolk Island ($2,200 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 Cook Islands (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Broken Rice Imports in New Zealand
In 2022, supplies from abroad of broken rice decreased by -18.9% to 1.6K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a mild slump. The most prominent rate of growth was recorded in 2020 when imports increased by 61%. As a result, imports attained the peak of 2.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, broken rice imports shrank dramatically to $1.5M in 2022. In general, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 49%. As a result, imports reached the peak of $2.3M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Broken Rice in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 54.7 | 381 | 357 | 558 | 116.9% |
| India | 376 | 632 | 739 | 442 | 5.5% |
| Thailand | 318 | 307 | 338 | 244 | -8.5% |
| Australia | 250 | 228 | 148 | 98.2 | -26.8% |
| Myanmar | N/A | N/A | 16.4 | 31.6 | 92.7% |
| United States | 383 | 579 | 46.6 | N/A | -65.1% |
| Others | 176 | 188 | 94.0 | 79.1 | -23.4% |
| Total | 1,558 | 2,314 | 1,739 | 1,453 | -2.3% |
Top Suppliers of Broken Rice to New Zealand in 2022:
- Vietnam (712.0 tons)
- India (418.6 tons)
- Thailand (268.0 tons)
- Australia (110.3 tons)
- Myanmar (46.0 tons)
Broken Rice Exports in New Zealand
In 2022, exports of broken rice from New Zealand dropped slightly to 1 tons, which is down by -2.5% against the previous year. Over the period under review, exports showed a sharp setback.
In value terms, broken rice exports skyrocketed to $3.5K in 2022. Overall, exports showed a sharp shrinkage.
| Export of Broken Rice in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Fiji | 1.4 | N/A | 3.1 | 48.8% | |
| Samoa | 0.2 | N/A | 0.3 | 22.5% | |
| Norfolk Island | 0.1 | N/A | 0.1 | 0.0% | |
| Solomon Islands | 0.7 | 0.8 | N/A | 14.3% | |
| Tonga | 3.4 | 1.4 | N/A | -58.8% | |
| Others | N/A | 0.3 | 0.1 | -66.7% | |
| Total | 5.8 | 2.4 | 3.5 | -22.3% | |
Top Export Markets for Broken Rice from New Zealand in 2022:
- Fiji (930.0 kg)
- Norfolk Island (51.0 kg)
- Samoa (21.0 kg)
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