Brown Rice Price in New Zealand - 2023
Contents:
- Brown Rice Price in New Zealand (CIF) - 2023
- Brown Rice Price in New Zealand (FOB) - 2022
- Brown Rice Imports in New Zealand
- Brown Rice Exports in New Zealand
Brown Rice Price in New Zealand (CIF) - 2023
In July 2023, the average brown rice import price amounted to $1,526 per ton, reducing by -2.1% against the previous month. Over the period under review, the import price showed a mild slump. The most prominent rate of growth was recorded in November 2022 an increase of 33% m-o-m. Over the period under review, average import prices reached the maximum at $1,866 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($6,500 per ton), while the price for Thailand ($825 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Brown Rice Price in New Zealand (FOB) - 2022
In 2022, the average brown rice export price amounted to $1,356 per ton, shrinking by -58.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 71% against the previous year. Over the period under review, the average export prices attained the maximum at $3,731 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($3,407 per ton), while the average price for exports to Tuvalu ($942 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 Niue (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Brown Rice Imports in New Zealand
In 2022, overseas purchases of husked (brown) rice decreased by -4.6% to 2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 0.4%. As a result, imports reached the peak of 2.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, brown rice imports fell markedly to $2.8M in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 1.6% against the previous year.
| Import of Brown Rice in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2,632 | 1,872 | 2,325 | 1,898 | -10.3% |
| Thailand | 239 | 450 | 366 | 279 | 5.3% |
| India | 119 | 205 | 96.4 | 152 | 8.5% |
| Pakistan | 50.0 | 124 | 95.6 | 145 | 42.6% |
| United States | 256 | 365 | 393 | 129 | -20.4% |
| Vietnam | 126 | 139 | 70.5 | 107 | -5.3% |
| Argentina | 161 | 150 | 37.0 | 36.3 | -39.1% |
| Others | 19.2 | 46.7 | 23.5 | 40.3 | 28.0% |
| Total | 3,601 | 3,353 | 3,408 | 2,787 | -8.2% |
Top Suppliers of Brown Rice to New Zealand in 2022:
- Australia (1279.5 tons)
- Thailand (277.7 tons)
- Pakistan (151.4 tons)
- Vietnam (133.2 tons)
- India (74.5 tons)
- United States (56.8 tons)
- Argentina (30.5 tons)
Brown Rice Exports in New Zealand
In 2022, after three years of growth, there was significant decline in shipments abroad of husked (brown) rice, when their volume decreased by -84.3% to 12 tons. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 609% against the previous year. As a result, the exports reached the peak of 77 tons, and then fell sharply in the following year.
In value terms, brown rice exports declined significantly to $17K in 2022. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,111% against the previous year. As a result, the exports attained the peak of $252K, and then reduced sharply in the following year.
| Export of Brown Rice in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tuvalu | 1.0 | 0.9 | 1.0 | 8.5 | 104.1% |
| Australia | 8.0 | 16.5 | 91.0 | 4.3 | -18.7% |
| Tonga | N/A | 0.7 | 0.1 | 1.1 | 25.4% |
| Niue | 0.4 | 0.5 | 0.8 | 0.8 | 26.0% |
| Cook Islands | 2.1 | 0.2 | 0.3 | 0.6 | -34.1% |
| Vanuatu | N/A | N/A | N/A | 0.4 | 0% |
| United Kingdom | N/A | N/A | 156 | N/A | 0% |
| Others | 1.2 | 2.0 | 2.8 | 0.8 | -12.6% |
| Total | 12.7 | 20.8 | 252 | 16.5 | 9.1% |
Top Export Markets for Brown Rice from New Zealand in 2022:
- Tuvalu (9.0 tons)
- Australia (1.3 tons)
- Tonga (0.8 tons)
- Niue (0.3 tons)
- Vanuatu (0.3 tons)
- Cook Islands (0.3 tons)
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