Price for Cereal Flour; of Maize (Corn) in New Zealand - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in New Zealand (FOB) - 2022
- Price for Cereal Flour; of Maize (Corn) in New Zealand (CIF) - 2023
- Exports of Cereal Flour; of Maize (Corn) in New Zealand
- Imports of Cereal Flour; of Maize (Corn) in New Zealand
Price for Cereal Flour; of Maize (Corn) in New Zealand (FOB) - 2022
In 2022, the average export price for cereal flour; of maize (corn) amounted to $756 per ton, growing by 2.5% against the previous year. In general, the export price, however, saw a slight contraction. The pace of growth appeared the most rapid in 2017 an increase of 31%. As a result, the export price attained the peak level of $989 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,037 per ton), while the average price for exports to Taiwan (Chinese) ($658 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 (+5.5%), while the prices for the other major destinations experienced a decline.
Price for Cereal Flour; of Maize (Corn) in New Zealand (CIF) - 2023
The average import price for cereal flour; of maize (corn) stood at $1,002 per ton in July 2023, dropping by -14% against the previous month. In general, the import price showed a perceptible descent. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 48% month-to-month. Over the period under review, average import prices hit record highs at $1,651 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($2,008 per ton), while the price for Australia ($766 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereal Flour; of Maize (Corn) in New Zealand
In 2022, exports of cereal flour; of maize (corn) from New Zealand skyrocketed to 3.2K tons, picking up by 50% against the previous year. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 255%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, cereal flour; of maize (corn) exports soared to $2.4M in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 278% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cereal Flour; of Maize (Corn) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 54.0 | 39.0 | 409 | 831 | 148.7% |
| Papua New Guinea | 12.7 | 72.5 | 335 | 551 | 251.4% |
| Thailand | 86.8 | 12.3 | 208 | 318 | 54.2% |
| Australia | 174 | 142 | 79.4 | 224 | 8.8% |
| Taiwan (Chinese) | 110 | 96.7 | 265 | 222 | 26.4% |
| Hong Kong SAR | 41.2 | 1.7 | 77.5 | 51.9 | 8.0% |
| Others | 57.9 | 52.0 | 197 | 212 | 54.1% |
| Total | 536 | 416 | 1,571 | 2,410 | 65.1% |
Top Export Markets for Cereal Flour; of Maize (Corn) from New Zealand in 2022:
- Fiji (1113.0 tons)
- Papua New Guinea (833.0 tons)
- Thailand (467.5 tons)
- Taiwan (Chinese) (337.8 tons)
- Australia (267.8 tons)
- Hong Kong SAR (50.0 tons)
Imports of Cereal Flour; of Maize (Corn) in New Zealand
Cereal flour; of maize (corn) imports into New Zealand soared to 1.6K tons in 2022, rising by 40% compared with the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) imports soared to $1.9M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 674 | 844 | 952 | 1,311 | 24.8% |
| Mexico | 54.4 | 243 | 177 | 262 | 68.9% |
| United States | 307 | 151 | 188 | 258 | -5.6% |
| India | 27.0 | 33.1 | 25.1 | 47.8 | 21.0% |
| Turkey | N/A | N/A | 45.6 | N/A | 0% |
| Others | 73.3 | 52.5 | 23.4 | 49.3 | -12.4% |
| Total | 1,135 | 1,324 | 1,411 | 1,927 | 19.3% |
Top Suppliers of Cereal Flour; of Maize (Corn) to New Zealand in 2022:
- Australia (1200.5 tons)
- Mexico (169.1 tons)
- United States (160.0 tons)
- India (43.6 tons)
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
