New Zealand: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in New Zealand

In 2022, the New Zealand temporarily preserved vegetable market increased by 1.7% to $X, rising for the seventh year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate temperate growth. Temporarily preserved vegetable consumption peaked in 2022 and is expected to retain growth in the near future.

Temporarily Preserved Vegetable Exports

Exports from New Zealand

For the third year in a row, New Zealand recorded growth in shipments abroad of vegetables (temporarily preserved), which increased by 2.8% to X tons in 2022. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 289% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, temporarily preserved vegetable exports surged to $X in 2022. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 157%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for temporarily preserved vegetable exports from New Zealand, accounting for a 74% share of total exports. Moreover, temporarily preserved vegetable exports to Australia exceeded the volume sent to the second major destination, Samoa (X tons), fourfold. Niue (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+21.1% per year) and Niue (-7.0% per year).

In value terms, the largest markets for temporarily preserved vegetable exported from New Zealand were Australia ($X), Samoa ($X) and Niue ($X), with a combined 93% share of total exports.

Australia, with a CAGR of +38.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average temporarily preserved vegetable export price amounted to $X per ton, growing by 57% against the previous year. Overall, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2015 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 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 Cook Islands ($X per ton), while the average price for exports to Australia ($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 Cook Islands (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

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Temporarily Preserved Vegetable Imports

Imports into New Zealand

In 2022, after three years of growth, there was significant decline in supplies from abroad of vegetables (temporarily preserved), when their volume decreased by -12.2% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 30%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, temporarily preserved vegetable imports reached $X in 2022. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of temporarily preserved vegetable to New Zealand, with a 80% share of total imports. Moreover, temporarily preserved vegetable imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.6% per year) and the United States (+19.2% per year).

In value terms, India ($X) constituted the largest supplier of vegetables (temporarily preserved) to New Zealand, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by the United States, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.6% per year) and the United States (+18.8% per year).

Import Prices by Country

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, increasing by 24% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable import price increased by +65.7% against 2016 indices. The growth pace was the most rapid in 2014 an increase of 35% against the previous year. The import price peaked 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 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 Thailand (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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