New Zealand - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSauce and Seasoning Price in New Zealand - 2023
Contents:
- Sauce and Seasoning Price in New Zealand (CIF) - 2022
- Sauce and Seasoning Price in New Zealand (FOB) - 2023
- Sauce and Seasoning Imports in New Zealand
- Sauce and Seasoning Exports in New Zealand
Sauce and Seasoning Price in New Zealand (CIF) - 2022
The average sauce and seasoning import price stood at $2,839 per ton in 2022, increasing by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 9.8%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 Canada ($4,296 per ton), while the price for China ($2,228 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sauce and Seasoning Price in New Zealand (FOB) - 2023
The average sauce and seasoning export price stood at $2,167 per ton in August 2023, declining by -7.7% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 28% month-to-month. As a result, the export price attained the peak level of $2,419 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Papua New Guinea ($3,017 per ton), while the average price for exports to South Korea ($1,819 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Sauce and Seasoning Imports in New Zealand
In 2022, the amount of sauces and seasonings imported into New Zealand fell slightly to 44K tons, standing approx. at the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports attained the peak of 44K tons, leveling off in the following year.
In value terms, sauce and seasoning imports amounted to $124M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Sauce and Seasoning in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 36.5 | 34.4 | 41.0 | 44.3 | 6.7% |
| United States | 10.8 | 10.2 | 10.0 | 13.7 | 8.3% |
| Thailand | 8.9 | 10.6 | 12.1 | 13.3 | 14.3% |
| China | 9.6 | 9.5 | 12.4 | 11.7 | 6.8% |
| Japan | 6.4 | 6.1 | 8.3 | 8.3 | 9.1% |
| Canada | 8.7 | 6.9 | 11.3 | 5.9 | -12.1% |
| United Kingdom | 2.5 | 2.9 | 2.7 | 3.2 | 8.6% |
| South Korea | 1.7 | 1.7 | 2.6 | 2.9 | 19.5% |
| Italy | 1.6 | 1.9 | 2.2 | 2.6 | 17.6% |
| Singapore | 2.6 | 2.6 | 3.4 | 2.4 | -2.6% |
| Philippines | 1.7 | 1.5 | 2.2 | 2.4 | 12.2% |
| Others | 10.9 | 10.7 | 14.1 | 13.2 | 6.6% |
| Total | 102 | 98.9 | 122 | 124 | 6.7% |
Top Suppliers of Sauce and Seasoning to New Zealand in 2022:
- Australia (17.6K tons)
- China (5.3K tons)
- Thailand (4.5K tons)
- United States (4.2K tons)
- Japan (2.4K tons)
- Canada (1.4K tons)
- United Kingdom (1.0K tons)
- South Korea (1.0K tons)
- Italy (0.8K tons)
- Singapore (0.8K tons)
- Philippines (0.8K tons)
Sauce and Seasoning Exports in New Zealand
For the third year in a row, New Zealand recorded decline in shipments abroad of sauces and seasonings, which decreased by -4.5% to 33K tons in 2022. Overall, exports saw a deep contraction.
In value terms, sauce and seasoning exports fell to $69M in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 3.9%.
| Export of Sauce and Seasoning in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 46.7 | 45.3 | 47.5 | 38.9 | -5.9% |
| Japan | 24.5 | 22.1 | 19.8 | 18.7 | -8.6% |
| South Korea | 3.9 | 2.8 | 4.0 | 4.1 | 1.7% |
| Papua New Guinea | 2.8 | 2.0 | 3.3 | 2.9 | 1.2% |
| Others | 4.1 | 3.8 | 4.3 | 4.0 | -0.8% |
| Total | 82.0 | 76.0 | 78.9 | 68.6 | -5.8% |
Top Export Markets for Sauce and Seasoning from New Zealand in 2022:
- Australia (19.0K tons)
- Japan (9.7K tons)
- South Korea (2.3K tons)
- Papua New Guinea (1.2K tons)
This report provides an in-depth analysis of the sauce and seasoning 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 10841210 - Soya sauce
- Prodcom 10841230 - Tomato ketchup and other tomato sauces
- Prodcom 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
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
-
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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Explore the top import markets for sauce and seasoning, backed by key statistics and data from the IndexBox market intelligence platform.
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In value terms, sauces imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indicated some no...
1387
In value terms, sauces exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the last nin...
404
Discover the top import markets for tomato ketchup and learn about the leading importers, including the United Kingdom, Germany, France, Canada, and the United States. Explore key statistics and insights in this article.
167
Explore the top import markets for mixed condiments, sauces, and seasonings, including the United States, United Kingdom, Canada, France, Germany, Netherlands, Hong Kong SAR, Australia, Russia, and Mexico. Get key statistics and insights on these markets. Leverage the IndexBox market intelligence platform for accurate and up-to-date market information.
