Preserved Sauerkraut Price in New Zealand - 2023

Contents:

1. Preserved Sauerkraut Price in New Zealand (FOB) - 2022
2. Preserved Sauerkraut Price in New Zealand (CIF) - 2023
3. Preserved Sauerkraut Exports in New Zealand
4. Preserved Sauerkraut Imports in New Zealand

Preserved Sauerkraut Price in New Zealand (FOB) - 2022

The average preserved sauerkraut export price stood at $1,427 per ton in 2022, waning by -5.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2016 when the average export price increased by 20% against the previous year. The export price peaked at $1,506 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($2,189 per ton), while the average price for exports to Australia stood at $1,326 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.2%).

Preserved Sauerkraut Price in New Zealand (CIF) - 2023

The average preserved sauerkraut import price stood at $2,485 per ton in September 2023, standing approximately at the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 24% against the previous month. Over the period under review, average import prices attained the maximum at $3,797 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Thailand ($5,128 per ton), while the price for Italy ($1,099 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 Thailand (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Preserved Sauerkraut Exports in New Zealand

In 2022, overseas shipments of preserved sauerkraut were finally on the rise to reach 13K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt setback.

In value terms, preserved sauerkraut exports skyrocketed to $18M in 2022. Over the period under review, exports, however, continue to indicate a mild contraction.

Top Export Markets for Preserved Sauerkraut from New Zealand in 2022:

1. Australia (11.9K tons)
2. Japan (0.8K tons)

Preserved Sauerkraut Imports in New Zealand

In 2022, supplies from abroad of preserved sauerkraut decreased by -4.6% to 4.5K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 4% against the previous year. As a result, imports attained the peak of 4.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, preserved sauerkraut imports stood at $13M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Preserved Sauerkraut to New Zealand in 2022:

1. Italy (1158.3 tons)
2. China (883.1 tons)
3. South Korea (586.0 tons)
4. Turkey (531.0 tons)
5. Australia (231.8 tons)
6. Peru (177.5 tons)
7. Thailand (132.4 tons)
8. Chile (103.6 tons)
9. Spain (85.0 tons)
10. Malaysia (71.1 tons)
11. India (65.2 tons)

Source: IndexBox Market Intelligence Platform