Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand (CIF) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand (FOB) - 2023
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand (CIF) - 2022
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,289 per ton in 2022, with an increase of 31% against the previous year. Over the period under review, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. The import price peaked at $3,185 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,768 per ton), while the price for Malaysia ($1,602 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand (FOB) - 2023
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $4,303 per ton in November 2023, with an increase of 21% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 283% against the previous month. As a result, the export price reached the peak level of $20,963 per ton. From June 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In November 2023, the country with the highest price was Canada ($4,322 per ton), while the average price for exports to Australia amounted to $3,957 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.6%), while the prices for the other major destinations experienced a decline.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand
Imports of liquid margarine and edible mixtures of animal or vegetable fats into New Zealand stood at 4.1K tons in 2022, picking up by 13% compared with the year before. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of 4.3K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $9.3M in 2022. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 81%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.7 | 1.7 | 2.4 | 4.0 | 78.8% |
| Indonesia | 1.0 | 1.0 | 0.9 | 1.6 | 17.0% |
| Malaysia | 1.2 | 1.2 | 1.8 | 1.4 | 5.3% |
| China | 0.2 | 2.3 | 0.2 | 1.3 | 86.6% |
| Germany | 0.4 | 0.2 | 0.1 | N/A | -50.0% |
| Others | 0.7 | 1.0 | 0.8 | 0.9 | 8.7% |
| Total | 4.1 | 7.5 | 6.3 | 9.3 | 31.4% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to New Zealand in 2022:
- Australia (1768.4 tons)
- Indonesia (925.3 tons)
- Malaysia (901.9 tons)
- China (281.9 tons)
- Germany (1.5 tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand
In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from New Zealand dropped remarkably to 390 tons, declining by -22.2% against the previous year. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. As a result, the exports attained the peak of 502 tons, and then fell significantly in the following year.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats expanded sharply to $3M in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 64.8 | N/A | 21.1 | 889 | 139.4% |
| Australia | 986 | 680 | 628 | 688 | -11.3% |
| Canada | N/A | N/A | 1.4 | 654 | 46614.3% |
| China | 37.1 | 371 | 869 | 287 | 97.8% |
| Malaysia | 150 | 165 | 248 | 157 | 1.5% |
| Fiji | N/A | 4.2 | 18.4 | 68.7 | 304.4% |
| Thailand | 434 | 18.4 | N/A | N/A | -95.8% |
| Jordan | N/A | 40.1 | 160 | N/A | 299.0% |
| Italy | N/A | 438 | 151 | N/A | -65.5% |
| Others | 1,410 | 756 | 670 | 286 | -41.2% |
| Total | 3,082 | 2,472 | 2,768 | 3,030 | -0.6% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from New Zealand in 2022:
- Australia (182.4 tons)
- Canada (107.1 tons)
- Fiji (24.5 tons)
- United States (24.0 tons)
- Malaysia (20.8 tons)
- China (12.3 tons)
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