Price for Protein; Concentrates and Textured Protein Substances in New Zealand - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in New Zealand (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in New Zealand (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in New Zealand
- Exports of Protein; Concentrates and Textured Protein Substances in New Zealand
Price for Protein; Concentrates and Textured Protein Substances in New Zealand (CIF) - 2022
The average import price for protein; concentrates and textured protein substanceses stood at $5,651 per ton in 2022, rising by 6.4% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 protein; concentrates and textured protein substanceses increased by +88.9% against 2012 indices. The growth pace was the most rapid in 2018 an increase of 33% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($5,651 per ton) and the United States ($5,651 per ton), while the price for Canada ($5,650 per ton) and the UK ($5,651 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in New Zealand (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $7,493 per ton, picking up by 7.1% against the previous year. Overall, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices reached the peak figure at $19,193 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($7,493 per ton) and Australia ($7,493 per ton), while the average price for exports to China ($7,493 per ton) and South Korea ($7,493 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+1.5%), while the prices for the other major destinations experienced a decline.
Imports of Protein; Concentrates and Textured Protein Substances in New Zealand
In 2022, after three years of growth, there was significant decline in overseas purchases of protein; concentrates and textured protein substanceses, when their volume decreased by -8.1% to 3.1K tons. The total import volume increased at an average annual rate of +2.7% 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 when imports increased by 14%.
In value terms, imports of protein; concentrates and textured protein substanceses dropped to $18M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 33%.
| Import of Protein; Concentrates and Textured Protein Substances in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 6.8 | 5.5 | 6.4 | 12.5% |
| China | 1.4 | 2.3 | 4.1 | 4.1 | 43.1% |
| Australia | 2.9 | 3.2 | 4.8 | 3.2 | 3.3% |
| Brazil | 0.5 | 0.9 | 1.2 | 0.9 | 21.6% |
| United Kingdom | 0.8 | 1.4 | 0.9 | 0.8 | 0.0% |
| Taiwan (Chinese) | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Netherlands | N/A | N/A | N/A | 0.4 | 0% |
| Canada | 0.8 | 0.1 | 0.2 | 0.1 | -50.0% |
| Others | 0.7 | 0.9 | 1.0 | 1.3 | 22.9% |
| Total | 12.1 | 16.1 | 18.1 | 17.7 | 13.5% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to New Zealand in 2022:
- United States (1136.5 tons)
- China (722.8 tons)
- Australia (560.8 tons)
- Brazil (154.5 tons)
- United Kingdom (147.3 tons)
- Taiwan (Chinese) (103.7 tons)
- Netherlands (66.9 tons)
- Canada (23.8 tons)
Exports of Protein; Concentrates and Textured Protein Substances in New Zealand
In 2022, exports of protein; concentrates and textured protein substanceses from New Zealand soared to 967 tons, increasing by 35% on the previous year's figure. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses skyrocketed to $7.2M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.5% 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 +83.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 45%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 2.5 | 1.0 | 4,176 | 3987.1% |
| South Korea | 16.8 | 1,635 | 890 | 1,215 | 316.6% |
| Australia | 1,127 | 488 | 2,536 | 736 | -13.2% |
| Fiji | 311 | 70.9 | 85.5 | 225 | -10.2% |
| Vietnam | N/A | 252 | 182 | 168 | -18.4% |
| Cambodia | N/A | N/A | N/A | 127 | 0% |
| Tonga | 9.3 | 3.1 | 6.2 | 123 | 136.5% |
| China | 1,895 | 2,204 | 486 | 48.6 | -70.5% |
| Others | 581 | 1,077 | 841 | 430 | -9.5% |
| Total | 3,941 | 5,732 | 5,028 | 7,249 | 22.5% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from New Zealand in 2022:
- United States (557.3 tons)
- South Korea (162.2 tons)
- Australia (98.2 tons)
- Fiji (30.0 tons)
- Vietnam (22.4 tons)
- Cambodia (17.0 tons)
- Tonga (16.4 tons)
- China (6.5 tons)
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