New Zealand: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in New Zealand

In 2022, the New Zealand preserved cows meat market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption enjoyed a buoyant increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Preserved Cows Meat Production in New Zealand

In value terms, preserved cows meat production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Preserved cows meat production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Preserved Cows Meat Exports

Exports from New Zealand

In 2022, the amount of prepared or preserved meat or offal of bovine animals exported from New Zealand reduced notably to X tons, waning by X% compared with the previous year. Over the period under review, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, preserved cows meat exports contracted dramatically to $X in 2022. Overall, total exports indicated a mild 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined dramatically in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

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

Among the main countries of destination, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to 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 preserved cows meat export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated a notable increase 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, preserved cows meat export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

Preserved Cows Meat Imports

Imports into New Zealand

In 2022, overseas purchases of prepared or preserved meat or offal of bovine animals increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preserved cows meat imports soared to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of preserved cows meat to New Zealand, accounting for a X% share of total imports. Moreover, preserved cows meat imports from Australia exceeded the figures recorded by the second-largest supplier, Fiji (X tons), sevenfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Australia ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

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: Fiji (X% per year) and Brazil (X% per year).

Import Prices by Country

The average preserved cows meat import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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