New Zealand: Market for Swine Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Swine Bellies (Salted, in Brine, Dried or Smoked) in New Zealand

The New Zealand market for swine bellies (salted, in brine, dried or smoked) surged to $X in 2022, rising by X% against the previous year. In general, consumption saw a significant expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Swine Bellies (Salted, in Brine, Dried or Smoked) in New Zealand

In value terms, production of swine bellies (salted, in brine, dried or smoked) expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Exports from New Zealand

In 2022, approx. X tons of swine bellies (salted, in brine, dried or smoked) were exported from New Zealand; reducing by X% against the previous year's figure. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2021, and then declined remarkably in the following year.

In value terms, exports of swine bellies (salted, in brine, dried or smoked) fell markedly to $X in 2022. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

Tonga (X tons) was the main destination for exports of swine bellies (salted, in brine, dried or smoked) from New Zealand, accounting for a X% share of total exports. Moreover, exports of swine bellies (salted, in brine, dried or smoked) to Tonga exceeded the volume sent to the second major destination, Cook Islands (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tonga totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (X% per year) and Niue (X% per year).

In value terms, Tonga ($X) remains the key foreign market for swine bellies (salted, in brine, dried or smoked) exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Cook Islands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tonga totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (X% per year) and Niue (X% per year).

Export Prices by Country

The average export price for swine bellies (salted, in brine, dried or smoked) stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 Niue ($X per ton), while the average price for exports to Tonga ($X 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 Vanuatu (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Imports into New Zealand

For the third consecutive year, New Zealand recorded growth in purchases abroad of swine bellies (salted, in brine, dried or smoked), which increased by X% to X tons in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of swine bellies (salted, in brine, dried or smoked) surged to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) was the main supplier of salted, dried, or smoked swine bellies to New Zealand, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled X.2%.

In value terms, Poland ($X) constituted the largest supplier of swine bellies (salted, in brine, dried or smoked) to New Zealand.

From 2012 to 2022, the average annual growth rate of value from Poland totaled X.7%.

Import Prices by Country

In 2022, the average import price for swine bellies (salted, in brine, dried or smoked) amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to X% per year.

Source: IndexBox Platform