Non-Liquid Margarine Price in New Zealand - 2023

Contents:

1. Non-Liquid Margarine Price in New Zealand (CIF) - 2023
2. Non-Liquid Margarine Price in New Zealand (FOB) - 2023
3. Non-Liquid Margarine Imports in New Zealand
4. Non-Liquid Margarine Exports in New Zealand

Non-Liquid Margarine Price in New Zealand (CIF) - 2023

In July 2023, the average non-liquid margarine import price amounted to $2,348 per ton, increasing by 30% against the previous month. In general, the import price, however, recorded a noticeable reduction. The growth pace was the most rapid in March 2023 an increase of 95% against the previous month. As a result, import price attained the peak level of $4,639 per ton. From April 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($3,284 per ton), while the price for Indonesia amounted to $1,021 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.5%), while the prices for the other major suppliers experienced a decline.

Non-Liquid Margarine Price in New Zealand (FOB) - 2023

In July 2023, the average non-liquid margarine export price amounted to $2,427 per ton, with an increase of 6.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 31% month-to-month. Over the period under review, the average export prices reached the maximum at $2,742 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Samoa ($3,325 per ton), while the average price for exports to Fiji ($1,755 per ton) 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 Papua New Guinea (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Liquid Margarine Imports in New Zealand

In 2022, supplies from abroad of non-liquid margarine was finally on the rise to reach 4K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt shrinkage.

In value terms, non-liquid margarine imports contracted to $14M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of $15M, and then reduced in the following year.

Top Suppliers of Non-Liquid Margarine to New Zealand in 2022:

1. Australia (2.2K tons)
2. Indonesia (1.5K tons)
3. Malaysia (0.3K tons)

Non-Liquid Margarine Exports in New Zealand

In 2022, shipments abroad of non-liquid margarine increased by 46% to 3.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a noticeable contraction.

In value terms, non-liquid margarine exports soared to $7.5M in 2022. Over the period under review, exports, however, recorded a mild downturn.

Top Export Markets for Non-Liquid Margarine from New Zealand in 2022:

1. Australia (963.8 tons)
2. Fiji (891.7 tons)
3. Papua New Guinea (455.4 tons)
4. Samoa (314.6 tons)
5. French Polynesia (249.9 tons)
6. Tonga (137.0 tons)
7. New Caledonia (96.0 tons)
8. Hong Kong SAR (44.0 tons)

Source: IndexBox Market Intelligence Platform