New Zealand: Canned Meat Market 2024

Canned Meat Market Size in New Zealand

The New Zealand canned meat market dropped to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a remarkable increase 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Canned Meat Production in New Zealand

In value terms, canned meat production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Canned Meat Exports

Exports from New Zealand

Canned meat exports from New Zealand shrank to X tons in 2022, declining by X% compared with the year before. Over the period under review, exports saw a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned meat exports reduced to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Australia (X tons) was the main destination for canned meat exports from New Zealand, with a X% share of total exports. Moreover, canned meat exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Fiji (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Fiji (X% per year).

In value terms, the largest markets for canned meat exported from New Zealand were Australia ($X), the United States ($X) and Singapore ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average canned meat export price amounted to $X per ton, declining by X% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price 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, canned meat export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Fiji ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into New Zealand

Canned meat imports into New Zealand expanded rapidly to X tons in 2022, increasing by X% on 2021 figures. In general, total imports indicated mild growth from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, canned meat imports rose modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons) constituted the largest canned meat supplier to New Zealand, accounting for a X% share of total imports. Moreover, canned meat imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Thailand (X% per year).

In value terms, Australia ($X) constituted the largest supplier of canned meat to New Zealand, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Thailand (X% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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