Spices; Mixtures Price in New Zealand - 2023
Contents:
- Spices; Mixtures Price in New Zealand (CIF) - 2022
- Spices; Mixtures Price in New Zealand (FOB) - 2022
- Spices; Mixtures Imports in New Zealand
- Spices; Mixtures Exports in New Zealand
Spices; Mixtures Price in New Zealand (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $6,510 per ton, with an increase of 3.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9.8% against the previous year. The import price peaked at $6,569 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($6,510 per ton) and India ($6,510 per ton), while the price for Singapore ($6,510 per ton) and Pakistan ($6,510 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in New Zealand (FOB) - 2022
The average spices; mixtures export price stood at $5,990 per ton in 2022, declining by -6.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 106%. Over the period under review, the average export prices attained the maximum at $13,644 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($5,990 per ton) and Tonga ($5,990 per ton), while the average price for exports to Canada ($5,990 per ton) and Cook Islands ($5,990 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 (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Mixtures Imports in New Zealand
In 2022, overseas purchases of spices; mixtureses decreased by -25.3% to 284 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 9.8%. As a result, imports attained the peak of 410 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; mixtures imports reduced remarkably to $1.8M in 2022. Overall, imports showed a pronounced descent. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year.
| Import of Spices; Mixtures in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,295 | 1,401 | 1,023 | 547 | -25.0% |
| India | 417 | 489 | 706 | 542 | 9.1% |
| Fiji | 123 | 164 | 169 | 178 | 13.1% |
| Pakistan | 8.0 | 1.8 | 1.9 | 170 | 177.0% |
| China | 35.5 | 50.7 | 93.1 | 90.1 | 36.4% |
| Vietnam | 55.2 | 39.8 | 80.9 | 78.1 | 12.3% |
| Spain | N/A | 3.6 | 62.3 | 76.9 | 362.2% |
| Malaysia | 33.9 | 35.9 | 33.9 | 44.7 | 9.7% |
| United Arab Emirates | 40.7 | 11.7 | 3.9 | N/A | -69.0% |
| Others | 106 | 186 | 215 | 120 | 4.2% |
| Total | 2,114 | 2,383 | 2,389 | 1,847 | -4.4% |
Top Suppliers of Spices; Mixtures to New Zealand in 2022:
- Australia (84.1 tons)
- India (83.3 tons)
- Fiji (27.3 tons)
- Pakistan (26.0 tons)
- China (13.8 tons)
- Vietnam (12.0 tons)
- Spain (11.8 tons)
- Malaysia (6.9 tons)
Spices; Mixtures Exports in New Zealand
In 2022, shipments abroad of spices; mixtureses decreased by -0.1% to 15 tons, falling for the second year in a row after two years of growth. Overall, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of 58%. As a result, the exports reached the peak of 49 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports fell to $90K in 2022. Over the period under review, exports saw a dramatic descent. The growth pace was the most rapid in 2020 when exports increased by 41%. As a result, the exports attained the peak of $274K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Mixtures in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 131 | 131 | 9.8 | 20.4 | -46.2% |
| Cook Islands | 14.9 | 16.5 | 10.7 | 19.2 | 8.8% |
| Samoa | 6.5 | 3.5 | 11.0 | 13.6 | 27.9% |
| Tonga | 1.7 | 2.4 | 1.1 | 7.1 | 61.0% |
| Fiji | 10.9 | 80.7 | 18.9 | 6.4 | -16.3% |
| Papua New Guinea | 2.6 | 0.9 | 6.6 | 5.7 | 29.9% |
| Canada | N/A | 0.3 | 6.5 | 4.5 | 287.3% |
| Norfolk Island | 22.3 | 31.4 | 21.2 | 2.2 | -53.8% |
| Others | 3.9 | 7.8 | 10.9 | 11.0 | 41.3% |
| Total | 194 | 274 | 96.7 | 90.1 | -22.6% |
Top Export Markets for Spices; Mixtures from New Zealand in 2022:
- Australia (3.4 tons)
- Cook Islands (3.2 tons)
- Samoa (2.3 tons)
- Tonga (1.2 tons)
- Fiji (1.1 tons)
- Papua New Guinea (1.0 tons)
- Canada (0.8 tons)
- Norfolk Island (0.4 tons)
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