Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand (CIF) - 2022

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $844 per ton, rising by 46% against the previous year. In general, the import price recorded a relatively flat trend pattern. 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 ($2,064 per ton), while the price for Australia totaled $770 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $8,007 per ton, rising by 20% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 238% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Samoa ($12,656 per ton), while the average price for exports to Norfolk Island ($3,893 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 Samoa (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand

In 2022, overseas purchases of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -57.9% to 390 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) declined notably to $329K in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 50%. As a result, imports reached the peak of $727K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to New Zealand in 2022:

1. Australia (367.1 tons)
2. China (20.4 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in New Zealand

In 2022, overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by 259% to 2.3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $19K in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from New Zealand in 2022:

1. Vanuatu (1314.0 kg)
2. Cook Islands (638.0 kg)
3. Norfolk Island (140.0 kg)
4. Tonga (104.0 kg)
5. Samoa (64.0 kg)
6. Nauru (48.0 kg)

Source: IndexBox Market Intelligence Platform