New Zealand: Sweet Potato Market 2024

Sweet Potato Market Size in New Zealand

The New Zealand sweet potato market fell modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Sweet Potato Production in New Zealand

In value terms, sweet potato production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The average yield of sweet potatoes in New Zealand shrank modestly to X tons per ha in 2022, remaining stable against the previous year. Over the period under review, the yield showed a slight curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The sweet potato yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sweet potatoes production in New Zealand amounted to X ha, approximately equating the year before. In general, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sweet potato production reached the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

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Sweet Potato Exports

Exports from New Zealand

Sweet potato exports from New Zealand soared to X tons in 2022, with an increase of X% against 2021. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet potato exports surged to $X in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for sweet potato exports from New Zealand, with a X% share of total exports. Moreover, sweet potato exports to Australia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and French Polynesia (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for sweet potatoes exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and French Polynesia (X% per year).

Export Prices by Country

In 2022, the average sweet potato export price amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated a pronounced 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, sweet potato export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Australia ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Sweet Potato Imports

Imports into New Zealand

In 2022, imports of sweet potatoes into New Zealand contracted sharply to X tons, which is down by X% against the year before. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sweet potato imports contracted notably to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest sweet potato supplier to New Zealand, with a X% share of total imports. Moreover, sweet potato imports from China exceeded the figures recorded by the second-largest supplier, Fiji (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of sweet potatoes to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

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

Import Prices by Country

In 2022, the average sweet potato import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

Source: IndexBox Platform