New Zealand: Meat Market 2024

Meat Market Size in New Zealand

The New Zealand meat market rose remarkably to $X in 2022, surging by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Meat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Meat Production in New Zealand

In value terms, meat production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Meat production peaked at $X in 2019; afterwards, it flattened through to 2022.

The average yield of meat in New Zealand shrank slightly to X kg per head in 2022, with a decrease of X% compared with the previous year's figure. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the yield attained the peak level of X kg per head, and then reduced in the following year.

The number of animals slaughtered for meat production in New Zealand totaled X heads in 2022, stabilizing at the year before. Over the period under review, the number of producing animals, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2015; however, from 2016 to 2022, producing animals failed to regain momentum.

Meat Exports

Exports from New Zealand

In 2022, after five years of growth, there was significant decline in overseas shipments of meat, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, meat exports amounted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to China 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 Japan (X% per year).

In value terms, the largest markets for meat exported from New Zealand were China ($X), the United States ($X) and Japan ($X), with a combined X% share of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded 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

The average meat export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to China ($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.

Meat Imports

Imports into New Zealand

In 2022, the amount of meat imported into New Zealand reduced to X tons, which is down by X% on 2021. The total import volume 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 most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, meat imports reduced notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Spain (X tons), Germany (X tons) and Australia (X tons) were the main suppliers of meat imports to New Zealand, with a combined X% share of total imports. Finland, Canada, Poland, Sweden, the United States and Denmark lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat suppliers to New Zealand were Australia ($X), Spain ($X) and Germany ($X), together accounting for X% of total imports. Finland, Poland, Canada, the United States, Sweden and Denmark lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average meat import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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