New Zealand - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in New Zealand - 2023
Contents:
- Refined Olive Oil Price in New Zealand (CIF) - 2023
- Refined Olive Oil Price in New Zealand (FOB) - 2022
- Refined Olive Oil Imports in New Zealand
- Refined Olive Oil Exports in New Zealand
Refined Olive Oil Price in New Zealand (CIF) - 2023
The average refined olive oil import price stood at $5,990 per ton in September 2023, picking up by 8.5% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 29% m-o-m. The import price peaked in September 2023.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($8,623 per ton), while the price for Spain totaled $5,970 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.7%).
Refined Olive Oil Price in New Zealand (FOB) - 2022
The average refined olive oil export price stood at $7,258 per ton in 2022, with an increase of 54% against the previous year. Overall, the export price showed pronounced growth. The export price peaked at $12,518 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($17,795 per ton), while the average price for exports to Fiji ($4,152 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 Tonga (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in New Zealand
In 2022, approx. 4.4K tons of refined olive oil were imported into New Zealand; picking up by 10% on the previous year. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil imports skyrocketed to $18M in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern 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.
| Import of Refined Olive Oil in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.8 | 8.1 | 9.4 | 13.2 | 19.2% |
| Italy | 3.5 | 2.4 | 2.6 | 2.8 | -7.2% |
| Australia | 0.4 | 0.5 | 0.4 | 0.8 | 26.0% |
| Tunisia | 1.5 | 1.2 | 1.5 | 0.6 | -26.3% |
| Others | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Total | 13.4 | 12.4 | 14.1 | 17.7 | 9.7% |
Top Suppliers of Refined Olive Oil to New Zealand in 2022:
- Spain (3363.6 tons)
- Italy (588.1 tons)
- Tunisia (169.2 tons)
- Australia (148.5 tons)
Refined Olive Oil Exports in New Zealand
In 2022, refined olive oil exports from New Zealand surged to 46 tons, picking up by 43% compared with 2021 figures. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% 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 +59.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil exports skyrocketed to $336K in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refined Olive Oil in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cook Islands | 48.9 | 42.6 | 43.1 | 75.7 | 15.7% |
| Australia | 9.3 | 56.4 | 3.1 | 43.0 | 66.6% |
| Solomon Islands | 18.9 | 13.6 | 24.6 | 35.4 | 23.3% |
| Japan | 15.8 | 26.5 | 7.5 | 29.9 | 23.7% |
| Fiji | 1.5 | 4.9 | 4.0 | 24.7 | 154.4% |
| Samoa | 10.0 | 11.2 | 6.1 | 23.1 | 32.2% |
| Norfolk Island | 13.9 | 12.0 | 9.3 | 20.6 | 14.0% |
| French Polynesia | 22.2 | 21.9 | 25.0 | 9.5 | -24.6% |
| Tonga | 16.2 | 10.8 | 10.6 | 5.8 | -29.0% |
| Vanuatu | 5.6 | 2.4 | 1.0 | 3.7 | -12.9% |
| Others | 22.8 | 50.6 | 17.7 | 64.8 | 41.6% |
| Total | 185 | 253 | 152 | 336 | 22.0% |
Top Export Markets for Refined Olive Oil from New Zealand in 2022:
- Cook Islands (11.8 tons)
- Australia (7.3 tons)
- Fiji (5.9 tons)
- Solomon Islands (5.5 tons)
- Samoa (3.6 tons)
- Norfolk Island (3.3 tons)
- French Polynesia (2.2 tons)
- Japan (1.7 tons)
- Vanuatu (0.9 tons)
- Tonga (0.6 tons)
This report provides an in-depth analysis of the refined olive oil market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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