New Zealand: Coconut Market 2024

Coconut Market Size in New Zealand

The New Zealand coconut market dropped to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a moderate 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 2017 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Coconut Exports

Exports from New Zealand

In 2022, overseas shipments of coconuts were finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, coconut exports reduced remarkably to $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cook Islands (X kg) was the main destination for coconut exports from New Zealand, accounting for a X% share of total exports. Moreover, coconut exports to Cook Islands exceeded the volume sent to the second major destination, Samoa (X kg), threefold. The third position in this ranking was taken by Fiji (X kg), with a X% share.

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

In value terms, Cook Islands ($X) emerged as the key foreign market for coconuts exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Samoa, with a X% share.

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

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined rapidly 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 Australia ($X per ton), while the average price for exports to Fiji ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Coconut Imports

Imports into New Zealand

Coconut imports into New Zealand shrank to X tons in 2022, waning by X% compared with 2021 figures. In general, imports saw a mild downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, coconut imports shrank to $X in 2022. Over the period under review, total imports indicated strong 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Samoa (X tons), Thailand (X tons) and Tonga (X tons) were the main suppliers of coconut imports to New Zealand, together accounting for X% of total imports. Fiji, Vietnam and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut suppliers to New Zealand were Thailand ($X), Samoa ($X) and Tonga ($X), together comprising X% of total imports. Fiji, Vietnam and the Philippines lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coconut import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, import price indicated a resilient 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, coconut import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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