New Zealand - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in New Zealand - 2023
Contents:
- Frozen Crustaceans Price in New Zealand (CIF) - 2023
- Frozen Crustaceans Price in New Zealand (FOB) - 2022
- Frozen Crustaceans Imports in New Zealand
- Frozen Crustaceans Exports in New Zealand
Frozen Crustaceans Price in New Zealand (CIF) - 2023
The average frozen crustaceans import price stood at $7,373 per ton in September 2023, surging by 3.6% against the previous month. Over the period under review, the import price, however, saw a mild decline. The growth pace was the most rapid in March 2023 an increase of 15% against the previous month. The import price peaked at $9,956 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($26,055 per ton), while the price for China ($4,005 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Cook Islands (0.0%), while the prices for the other major suppliers experienced a decline.
Frozen Crustaceans Price in New Zealand (FOB) - 2022
The average frozen crustaceans export price stood at $44,316 per ton in 2022, jumping by 16% against the previous year. Over the period under review, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 24% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($59,452 per ton), while the average price for exports to Cook Islands ($9,169 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 Australia (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Imports in New Zealand
In 2022, approx. 5.4K tons of frozen crustaceans were imported into New Zealand; with an increase of 4.2% on the previous year's figure. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of 5.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen crustaceans imports reached $49M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Crustaceans in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.7 | 5.9 | 8.9 | 18.0 | 56.5% |
| Vietnam | 10.0 | 7.9 | 10.0 | 11.5 | 4.8% |
| Ecuador | 0.5 | 1.1 | 3.2 | 4.2 | 103.3% |
| China | 11.9 | 10.7 | 9.2 | 3.3 | -34.8% |
| Australia | 2.2 | 1.4 | 2.5 | 2.3 | 1.5% |
| Thailand | 3.2 | 2.0 | 2.0 | 1.9 | -16.0% |
| Malaysia | 0.9 | 1.3 | 1.8 | 1.4 | 15.9% |
| Madagascar | 0.2 | 0.5 | 0.8 | 1.2 | 81.7% |
| Saudi Arabia | 0.8 | 0.8 | 0.6 | 0.9 | 4.0% |
| Argentina | 1.5 | 0.2 | 0.6 | 0.6 | -26.3% |
| Norway | 5.3 | 11.5 | 2.1 | N/A | -37.1% |
| Others | 2.7 | 1.9 | 4.2 | 3.9 | 13.0% |
| Total | 43.8 | 45.0 | 45.9 | 49.2 | 4.0% |
Top Suppliers of Frozen Crustaceans to New Zealand in 2022:
- India (2070.9 tons)
- Vietnam (1161.9 tons)
- Ecuador (621.2 tons)
- China (350.4 tons)
- Thailand (200.7 tons)
- Malaysia (178.5 tons)
- Madagascar (151.6 tons)
- Australia (133.0 tons)
- Saudi Arabia (115.7 tons)
- Argentina (73.3 tons)
Frozen Crustaceans Exports in New Zealand
Frozen crustaceans exports from New Zealand reached 1.2K tons in 2022, leveling off at the year before. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, frozen crustaceans exports skyrocketed to $51M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Frozen Crustaceans in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.7 | 23.3 | 33.6 | 36.5 | 13.9% |
| United States | 3.6 | 2.0 | 3.5 | 6.7 | 23.0% |
| Australia | 1.7 | 1.8 | 2.3 | 3.0 | 20.8% |
| Hong Kong SAR | 0.3 | 0.3 | 1.0 | 1.7 | 78.3% |
| Japan | 1.7 | 0.8 | 1.4 | 1.3 | -8.6% |
| Cook Islands | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
| Tonga | 0.1 | 0.1 | 0.4 | 0.2 | 26.0% |
| Samoa | 0.2 | 0.1 | 0.3 | 0.1 | -20.6% |
| Others | 1.4 | 0.8 | 1.1 | 1.1 | -7.7% |
| Total | 34.2 | 29.3 | 43.7 | 51.0 | 14.2% |
Top Export Markets for Frozen Crustaceans from New Zealand in 2022:
- China (674.1 tons)
- United States (193.9 tons)
- Australia (75.3 tons)
- Cook Islands (39.9 tons)
- Japan (32.0 tons)
- Hong Kong SAR (28.9 tons)
- Tonga (20.6 tons)
- Samoa (15.0 tons)
This report provides an in-depth analysis of the frozen crustaceans 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 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
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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