Price for Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand - 2024

Contents:

1. Price for Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand (CIF) - 2022
2. Price for Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand (FOB) - 2022
3. Imports of Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand
4. Exports of Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand

Price for Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand (CIF) - 2022

In 2022, the average import price for sugars; fructose, chemically pure, in solid form amounted to $1,325 per ton, growing by 26% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $1,595 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 China ($2,276 per ton), while the price for the United States ($956 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand (FOB) - 2022

In 2021, the average export price for sugars; fructose, chemically pure, in solid form amounted to $1,301 per ton, jumping by 21% against the previous year. Overall, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $2,668 per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for New Caledonia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +4.6% per year.

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand

In 2022, overseas purchases of sugars; fructose, chemically pure, in solid form were finally on the rise to reach 550 tons after two years of decline. Over the period under review, imports, however, showed a perceptible reduction.

In value terms, imports of sugars; fructose, chemically pure, in solid form skyrocketed to $728K in 2022. In general, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to New Zealand in 2022:

1. Israel (319.9 tons)
2. United States (155.5 tons)
3. Turkey (51.3 tons)
4. Australia (11.3 tons)
5. China (10.0 tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in New Zealand

In 2021, the amount of sugars; fructose, chemically pure, in solid form exported from New Zealand shrank notably to 3.2 tons, reducing by -41.5% against 2020 figures. Overall, exports faced a dramatic shrinkage.

In value terms, exports of sugars; fructose, chemically pure, in solid form fell notably to $4.2K in 2021. Over the period under review, exports recorded a sharp reduction.

Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from New Zealand in 2022:

1. New Caledonia (3.2 tons)

Source: IndexBox Market Intelligence Platform