New Zealand: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in New Zealand

In 2022, the New Zealand frozen sweet corn market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, continues to indicate a perceptible reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Frozen Sweet Corn Production in New Zealand

In value terms, frozen sweet corn production contracted modestly to $X in 2022 estimated in export price. In general, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of frozen sweet corn in New Zealand amounted to less than X kg per ha in 2022, almost unchanged from 2021 figures. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the frozen sweet corn harvested area in New Zealand stood at less than X ha, approximately equating the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern.

Frozen Sweet Corn Exports

Exports from New Zealand

In 2022, exports of frozen sweet corn from New Zealand dropped to X tons, waning by X% against the previous year. Over the period under review, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, frozen sweet corn exports dropped to $X in 2022. In general, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

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

In value terms, Australia ($X) remains the key foreign market for frozen sweet corn exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

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

Export Prices by Country

The average frozen sweet corn export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Australia ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Sweet Corn Imports

Imports into New Zealand

Frozen sweet corn imports into New Zealand soared to X tons in 2022, growing by X% against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen sweet corn imports surged to $X in 2022. In general, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Vietnam (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of frozen sweet corn imports to New Zealand, together comprising X% of total imports. China and Belgium 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 Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the United States ($X) and Australia ($X) were the largest frozen sweet corn suppliers to New Zealand, together comprising X% of total imports. China and Belgium lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average frozen sweet corn import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated a tangible expansion 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, frozen sweet corn import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain 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 Vietnam ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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