Price for Cereal Groats and Meal; of Wheat in New Zealand - 2024

Contents:

1. Price for Cereal Groats and Meal; of Wheat in New Zealand (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in New Zealand (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in New Zealand
4. Exports of Cereal Groats and Meal; of Wheat in New Zealand

Price for Cereal Groats and Meal; of Wheat in New Zealand (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $1,207 per ton in 2022, jumping by 26% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of wheats increased by +92.4% against 2018 indices. As a result, import price attained 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 ($1,582 per ton), while the price for Fiji ($992 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in New Zealand (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $2,190 per ton, reducing by -43.7% against the previous year. Overall, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of 383%. As a result, the export price attained the peak level of $13,569 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Samoa ($2,926 per ton), while the average price for exports to Vanuatu ($1,943 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (-5.7%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Groats and Meal; of Wheat in New Zealand

For the third year in a row, New Zealand recorded decline in overseas purchases of cereal groats and meal; of wheats, which decreased by -56.5% to 59 tons in 2022. Overall, imports showed a dramatic shrinkage. The smallest decline of -46.3% was in 2020.

In value terms, imports of cereal groats and meal; of wheats shrank remarkably to $72K in 2022. Over the period under review, imports saw a precipitous slump. The smallest decline of -43.5% was in 2020.

Top Suppliers of Cereal Groats and Meal; of Wheat to New Zealand in 2022:

1. India (17.7 tons)
2. Turkey (13.1 tons)
3. Fiji (12.7 tons)
4. Italy (9.1 tons)
5. Australia (4.8 tons)
6. China (1.0 tons)

Exports of Cereal Groats and Meal; of Wheat in New Zealand

In 2022, the amount of cereal groats and meal; of wheats exported from New Zealand shrank sharply to 273 kg, with a decrease of -88.7% compared with 2021. Over the period under review, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 478%. As a result, the exports attained the peak of 2.4 tons, and then reduced sharply in the following year.

In value terms, exports of cereal groats and meal; of wheats contracted dramatically to $598 in 2022. In general, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 1,039%.

Top Export Markets for Cereal Groats and Meal; of Wheat from New Zealand in 2022:

1. Vanuatu (158.0 kg)
2. Cook Islands (61.0 kg)
3. Samoa (54.0 kg)

Source: IndexBox Market Intelligence Platform