New Zealand: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in New Zealand

The New Zealand prepared baking powder market declined to $X in 2022, waning by X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion 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. Prepared baking powder consumption peaked at $X in 2021, and then contracted in the following year.

Prepared Baking Powder Production in New Zealand

In value terms, prepared baking powder production contracted to $X in 2022 estimated in export price. In general, production, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Prepared baking powder production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Prepared Baking Powder Exports

Exports from New Zealand

In 2022, the amount of prepared baking powders exported from New Zealand skyrocketed to X tons, with an increase of X% compared with the previous year's figure. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, prepared baking powder exports skyrocketed to $X in 2022. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Tonga (X tons) was the main destination for prepared baking powder exports from New Zealand, with a X% share of total exports. Moreover, prepared baking powder exports to Tonga exceeded the volume sent to the second major destination, Cook Islands (X tons), eightfold. Fiji (X tons) ranked third in terms of total exports with an X% share.

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

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

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

Export Prices by Country

In 2022, the average prepared baking powder export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

Prepared Baking Powder Imports

Imports into New Zealand

For the third consecutive year, New Zealand recorded growth in purchases abroad of prepared baking powders, which increased by X% to X tons in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, prepared baking powder imports expanded remarkably to $X in 2022. In general, total imports indicated a temperate 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Australia (X tons) constituted the largest prepared baking powder supplier to New Zealand, accounting for a X% share of total imports. Moreover, prepared baking powder imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

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

In value terms, Australia ($X) constituted the largest supplier of prepared baking powders to New Zealand, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average prepared baking powder import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform