New Zealand - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in New Zealand - 2023
Contents:
- Sugar Price in New Zealand (CIF) - 2023
- Sugar Price in New Zealand (FOB) - 2022
- Sugar Imports in New Zealand
- Sugar Exports in New Zealand
Sugar Price in New Zealand (CIF) - 2023
The average sugar import price stood at $567 per ton in August 2023, declining by -17.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 102% month-to-month. As a result, import price attained the peak level of $1,028 per ton. From March 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($1,353 per ton), while the price for Australia ($279 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Fiji (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Price in New Zealand (FOB) - 2022
In 2022, the average sugar export price amounted to $938 per ton, waning by -28.1% against the previous year. In general, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs at $1,572 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($3,286 per ton), while the average price for exports to Singapore ($757 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 French Polynesia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sugar Imports in New Zealand
In 2022, approx. 179K tons of sugar were imported into New Zealand; reducing by -6.3% against the previous year. In general, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 36%.
In value terms, sugar imports dropped slightly to $92M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of $94M, and then reduced slightly in the following year.
Import of Sugar in New Zealand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 26.7 | 10.9 | 42.1 | 89.8 | 49.8% |
Brazil | 0.4 | 24.0 | 12.5 | 0.2 | -20.6% |
Nicaragua | 9.8 | N/A | N/A | N/A | 0% |
Guatemala | 19.2 | 20.2 | 19.4 | N/A | 0.5% |
Costa Rica | N/A | N/A | 5.4 | N/A | 0% |
Honduras | 5.7 | N/A | N/A | N/A | 0% |
Others | 4.4 | 11.5 | 14.6 | 1.7 | -27.2% |
Total | 66.1 | 66.6 | 94.1 | 91.6 | 11.5% |
Top Suppliers of Sugar to New Zealand in 2022:
- Australia (177.2K tons)
- Brazil (0.2K tons)
Sugar Exports in New Zealand
In 2022, overseas shipments of sugar were finally on the rise to reach 339 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sugar exports soared to $318K in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Sugar in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | N/A | N/A | N/A | 204 | 0% |
Samoa | 0.8 | N/A | N/A | 28.4 | 228.7% |
American Samoa | 11.4 | 10.3 | 24.7 | 23.3 | 26.9% |
China | N/A | N/A | 11.9 | 20.0 | 68.1% |
Australia | 41.1 | 1.4 | 1.9 | 19.6 | -21.9% |
Fiji | 0.6 | 4.5 | 1.0 | 9.3 | 149.3% |
French Polynesia | 1.0 | 1.2 | 2.9 | 5.1 | 72.1% |
Hong Kong SAR | 10.5 | 13.6 | 8.1 | 0.3 | -69.4% |
Others | 2.3 | 7.9 | 2.7 | 7.7 | 49.6% |
Total | 67.7 | 38.9 | 53.1 | 318 | 67.5% |
Top Export Markets for Sugar from New Zealand in 2022:
- Singapore (270.0 tons)
- American Samoa (22.1 tons)
- Samoa (18.9 tons)
- China (9.0 tons)
- Australia (6.0 tons)
- Fiji (5.7 tons)
- French Polynesia (3.6 tons)
- Hong Kong SAR (0.2 tons)
This report provides an in-depth analysis of the sugar 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:
- FCL 162 - Sugar, Raw Centrifugal
- FCL 163 - Sugar, Non-Centrifugal
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
This report provides an in-depth analysis of the sugar market in New Zealand.
This report provides an in-depth analysis of the sugar market in New Zealand.
This report provides an in-depth analysis of the global sugar market.
This report provides an in-depth analysis of the global sugar market.
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Global Refined White Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for refined white cane sugar.
This report provides an in-depth analysis of the sugar market in New Zealand.
This report provides an in-depth analysis of the sugar market in New Zealand.
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...