New Zealand: Tomato Juice Market 2024

Tomato Juice Market Size in New Zealand

The New Zealand tomato juice market rose slightly to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a prominent 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Tomato Juice Production in New Zealand

In value terms, tomato juice production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Tomato Juice Exports

Exports from New Zealand

In 2022, overseas shipments of tomato juice were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, tomato juice exports soared to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cook Islands (X tons), Fiji (X tons) and Samoa (X tons) were the main destinations of tomato juice exports from New Zealand, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Cook Islands (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for tomato juice exported from New Zealand were Cook Islands ($X), Fiji ($X) and Samoa ($X), with a combined X% share of total exports.

Cook Islands, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average tomato juice export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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

Tomato Juice Imports

Imports into New Zealand

In 2022, after seven years of growth, there was significant decline in purchases abroad of tomato juice, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, tomato juice imports shrank to $X in 2022. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Australia (X tons) was the main supplier of tomato juice to New Zealand, with a X% share of total imports. It was followed by the United States (X tons), with a X% share of total imports.

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

In value terms, Australia ($X) constituted the largest supplier of tomato juice to New Zealand, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average tomato juice import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 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 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 Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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