Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand - 2024

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand (CIF) - 2022
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand (FOB) - 2022
3. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand
4. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand (CIF) - 2022

In 2022, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,658 per ton, with a decrease of -4.3% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 flour and meal; of the dried leguminous vegetables of heading no. 0713 increased by +12.5% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 86%. Over the period under review, average import prices hit record highs at $1,733 per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,358 per ton), while the price for Fiji ($954 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand (FOB) - 2022

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $26,513 per ton in 2022, growing by 420% against the previous year. Over the period under review, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($82,451 per ton), while the average price for exports to New Caledonia ($1,927 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 Cook Islands (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand

In 2022, the amount of flour and meal; of the dried leguminous vegetables of heading no. 0713 imported into New Zealand surged to 874 tons, rising by 32% compared with the previous year's figure. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, imports of flour and meal; of dried leguminous vegetables of heading no. 0713 hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 soared to $1.4M in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to New Zealand in 2022:

1. China (372.5 tons)
2. Australia (216.1 tons)
3. India (168.6 tons)
4. Germany (36.6 tons)
5. Brazil (35.0 tons)
6. France (14.2 tons)
7. Fiji (14.1 tons)

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in New Zealand

For the fourth consecutive year, New Zealand recorded growth in shipments abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713, which increased by 64% to 5.2 tons in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 295%. Over the period under review, the exports of flour and meal; of dried leguminous vegetables of heading no. 0713 attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $137K in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 799%. Over the period under review, the exports of flour and meal; of dried leguminous vegetables of heading no. 0713 hit record highs in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from New Zealand in 2022:

1. Australia (1638.0 kg)
2. United Kingdom (1498.0 kg)
3. Fiji (1304.0 kg)
4. New Caledonia (262.0 kg)
5. Cook Islands (161.0 kg)
6. French Polynesia (104.0 kg)
7. Taiwan (Chinese) (100.0 kg)
8. Samoa (55.0 kg)
9. Solomon Islands (27.0 kg)
10. Malaysia (20.0 kg)

Source: IndexBox Market Intelligence Platform