New Zealand: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in New Zealand

The New Zealand preserved mackerel market surged to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Preserved Mackerel Production in New Zealand

In value terms, preserved mackerel production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Preserved Mackerel Exports

Exports from New Zealand

In 2022, after two years of growth, there was significant decline in shipments abroad of mackerel (prepared or preserved), when their volume decreased by X% to X tons. In general, exports faced a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved mackerel exports dropped dramatically to $X in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Fiji (X tons), Cook Islands (X tons) and Tonga (X tons) were the main destinations of preserved mackerel exports from New Zealand, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

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

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

Export Prices by Country

In 2022, the average preserved mackerel export price amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, posted a measured expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niue ($X per ton), while the average price for exports to Fiji ($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 Niue (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into New Zealand

In 2022, imports of mackerel (prepared or preserved) into New Zealand surged to X tons, growing by X% against 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved mackerel imports surged to $X in 2022. In general, total imports indicated slight 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 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of preserved mackerel to New Zealand, accounting for a X% share of total imports. Moreover, preserved mackerel imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The third position in this ranking was taken by Vietnam (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of mackerel (prepared or preserved) to New Zealand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average preserved mackerel import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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