New Zealand: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in New Zealand

In 2021, the New Zealand concentrated orange juice market was finally on the rise to reach $X after two years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Concentrated Orange Juice Exports

Exports from New Zealand

Concentrated orange juice exports from New Zealand soared to X tons in 2021, growing by 31% against the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 101% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, concentrated orange juice exports soared to $X in 2021. Overall, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by 81% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cook Islands (X tons), Hong Kong SAR (X tons) and Australia (X tons) were the main destinations of concentrated orange juice exports from New Zealand, with a combined 61% share of total exports. Samoa, New Caledonia, French Polynesia, American Samoa, Niue, Fiji and Tonga lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by American Samoa (with a CAGR of +101.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated orange juice exported from New Zealand were New Caledonia ($X), Cook Islands ($X) and French Polynesia ($X), together comprising 56% of total exports. Hong Kong SAR, Australia, Samoa, Niue, Fiji, American Samoa and Tonga lagged somewhat behind, together comprising a further 38%.

American Samoa, with a CAGR of +74.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average concentrated orange juice export price amounted to $X per ton, with an increase of 6.2% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated orange juice export price increased by +30.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was French Polynesia ($X per ton), while the average price for exports to American Samoa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to French Polynesia (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

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Concentrated Orange Juice Imports

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in purchases abroad of concentrated orange juice, when their volume increased by 21% to X tons. Overall, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 63%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated orange juice imports soared to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 30%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Australia (X tons), Brazil (X tons) and Mexico (X tons) were the main suppliers of concentrated orange juice imports to New Zealand, together comprising 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +182.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), Australia ($X) and Mexico ($X) constituted the largest concentrated orange juice suppliers to New Zealand, together comprising 95% of total imports.

Mexico, with a CAGR of +153.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, falling by -2.1% against the previous year. Over the period under review, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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