Price for Cereal Flours; Other than of Wheat or Meslin in New Zealand - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in New Zealand (CIF) - 2022
- Price for Cereal Flours; Other than of Wheat or Meslin in New Zealand (FOB) - 2023
- Imports of Cereal Flours; Other than of Wheat or Meslin in New Zealand
- Exports of Cereal Flours; Other than of Wheat or Meslin in New Zealand
Price for Cereal Flours; Other than of Wheat or Meslin in New Zealand (CIF) - 2022
In 2022, the average import price for cereal flours; other than of wheat or meslin amounted to $1,208 per ton, increasing by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,867 per ton), while the price for Pakistan ($708 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flours; Other than of Wheat or Meslin in New Zealand (FOB) - 2023
The average export price for cereal flours; other than of wheat or meslin stood at $930 per ton in December 2023, waning by -14.8% against the previous month. In general, the export price faced a abrupt slump. The growth pace was the most rapid in March 2023 when the average export price increased by 54% month-to-month. Over the period under review, the average export prices reached the peak figure at $8,502 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Samoa ($1,279 per ton), while the average price for exports to American Samoa ($678 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Samoa (+9.2%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Flours; Other than of Wheat or Meslin in New Zealand
In 2022, after three years of growth, there was decline in overseas purchases of cereal flours; other than of wheat or meslin, when their volume decreased by -2.4% to 7.5K tons. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 7.7K tons, and then dropped slightly in the following year.
In value terms, imports of cereal flours; other than of wheat or meslin totaled $9M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereal Flours; Other than of Wheat or Meslin in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2,778 | 3,131 | 3,244 | 3,689 | 9.9% |
| Thailand | 1,598 | 1,871 | 2,089 | 1,629 | 0.6% |
| Vietnam | 149 | 144 | 989 | 1,097 | 94.5% |
| India | 270 | 319 | 329 | 476 | 20.8% |
| Belgium | 218 | 214 | 309 | 339 | 15.9% |
| United States | 1,111 | 278 | 299 | 329 | -33.3% |
| Argentina | N/A | 181 | 191 | 318 | 32.5% |
| China | 236 | 265 | 224 | 298 | 8.1% |
| Mexico | 54.4 | 244 | 177 | 263 | 69.1% |
| Others | 483 | 540 | 601 | 602 | 7.6% |
| Total | 6,897 | 7,186 | 8,451 | 9,039 | 9.4% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to New Zealand in 2022:
- Australia (2918.5 tons)
- Thailand (1616.1 tons)
- Vietnam (1313.4 tons)
- India (320.5 tons)
- Argentina (200.3 tons)
- Belgium (183.9 tons)
- United States (181.0 tons)
- Mexico (169.3 tons)
- China (159.8 tons)
Exports of Cereal Flours; Other than of Wheat or Meslin in New Zealand
In 2022, approx. 4.7K tons of cereal flours; other than of wheat or meslin were exported from New Zealand; which is down by -6% compared with the previous year. Over the period under review, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year.
In value terms, exports of cereal flours; other than of wheat or meslin dropped to $3.9M in 2022. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year.
| Export of Cereal Flours; Other than of Wheat or Meslin in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,464 | 1,473 | 1,990 | 1,601 | -13.4% |
| Fiji | 56.5 | 41.3 | 411 | 552 | 113.8% |
| Papua New Guinea | 12.7 | 113 | 346 | 472 | 233.7% |
| Australia | 424 | 501 | 310 | 318 | -9.1% |
| Thailand | 86.8 | 12.6 | 208 | 279 | 47.6% |
| Taiwan (Chinese) | 110 | 98.5 | 272 | 149 | 10.6% |
| Hong Kong SAR | 163 | 88.1 | 173 | 109 | -12.6% |
| Japan | N/A | 14.8 | 33.9 | 108 | 170.1% |
| Solomon Islands | 340 | 400 | 0.1 | 0.3 | -90.4% |
| Saudi Arabia | 494 | 210 | N/A | N/A | -57.5% |
| Others | 161 | 196 | 348 | 301 | 23.2% |
| Total | 4,311 | 3,149 | 4,092 | 3,887 | -3.4% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from New Zealand in 2022:
- United States (1796.3 tons)
- Fiji (720.6 tons)
- Papua New Guinea (707.6 tons)
- Thailand (404.7 tons)
- Australia (370.3 tons)
- Taiwan (Chinese) (220.7 tons)
- Japan (171.4 tons)
- Hong Kong SAR (128.0 tons)
- Solomon Islands (0.3 tons)
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This report provides an in-depth analysis of the cereal flour market in New Zealand.
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This report provides an in-depth analysis of the global cereal flour market.
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