Liqueurs and Cordials Price in New Zealand - 2023
Contents:
- Liqueurs and Cordials Price in New Zealand (FOB) - 2023
- Liqueurs and Cordials Price in New Zealand (CIF) - 2023
- Liqueurs and Cordials Exports in New Zealand
- Liqueurs and Cordials Imports in New Zealand
Liqueurs and Cordials Price in New Zealand (FOB) - 2023
In July 2023, the average liqueurs and cordials export price amounted to $6.7 per litre, rising by 5.1% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $6.8 per litre in October 2022; however, from November 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($13.3 per litre), while the average price for exports to Samoa ($4.8 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.1%), while the prices for the other major destinations experienced a decline.
Liqueurs and Cordials Price in New Zealand (CIF) - 2023
In July 2023, the average liqueurs and cordials import price amounted to $6.1 per litre, waning by -14.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 11% against the previous month. The import price peaked at $7.3 per litre in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
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 ($7.1 per litre), while the price for Australia ($3.5 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Exports in New Zealand
In 2022, approx. 2.6M litres of liqueurs and cordialses were exported from New Zealand; picking up by 16% against 2021. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 57%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, liqueurs and cordials exports expanded to $17M in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Liqueurs and Cordials in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 3.9 | 9.0 | 8.3 | 32.1% |
| Macao SAR | N/A | 1.7 | 2.7 | 4.0 | 53.4% |
| Canada | 1.9 | 2.1 | 3.7 | 3.8 | 26.0% |
| Australia | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Vietnam | N/A | 1.8 | N/A | N/A | 0% |
| Singapore | 3.3 | 0.1 | N/A | N/A | -97.0% |
| Others | 0.4 | 0.1 | 0.3 | 0.3 | -9.1% |
| Total | 9.6 | 9.9 | 16.1 | 16.7 | 20.3% |
Top Export Markets for Liqueurs and Cordials from New Zealand in 2022:
- United States (1301.0K litres)
- Macao SAR (627.2K litres)
- Canada (589.4K litres)
- Australia (72.0K litres)
- Singapore (0.1K litres)
Liqueurs and Cordials Imports in New Zealand
In 2022, liqueurs and cordials imports into New Zealand dropped to 2.2M litres, waning by -13.2% against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of 2.6M litres, and then declined in the following year.
In value terms, liqueurs and cordials imports contracted modestly to $16M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $16M, leveling off in the following year.
| Import of Liqueurs and Cordials in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 2.6 | 2.5 | 3.1 | 22.2% |
| France | 1.4 | 1.1 | 2.4 | 1.9 | 10.7% |
| Australia | 1.8 | 0.9 | 1.2 | 1.3 | -10.3% |
| Ireland | 1.6 | 0.5 | 0.5 | 1.3 | -6.7% |
| Spain | 0.1 | 0.3 | 1.0 | 1.3 | 135.1% |
| Italy | 1.4 | 1.5 | 1.4 | 1.2 | -5.0% |
| Netherlands | 1.0 | 1.3 | 2.2 | 1.2 | 6.3% |
| United States | 1.7 | 1.9 | 1.1 | 1.1 | -13.5% |
| United Kingdom | 0.9 | 0.6 | 1.2 | 1.1 | 6.9% |
| Germany | 1.3 | 0.9 | 1.3 | 1.1 | -5.4% |
| Others | 0.9 | 1.2 | 1.1 | 1.3 | 13.0% |
| Total | 13.9 | 12.9 | 16.1 | 16.0 | 4.8% |
Top Suppliers of Liqueurs and Cordials to New Zealand in 2022:
- China (435.2K litres)
- France (259.6K litres)
- Spain (183.9K litres)
- Ireland (182.8K litres)
- Netherlands (172.1K litres)
- Italy (171.4K litres)
- United States (158.3K litres)
- United Kingdom (157.3K litres)
- Germany (157.3K litres)
- Australia (144.5K litres)
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