Price for Cereal Groats; Meal and Pellets in New Zealand - 2023

Price for Cereal Groats; Meal and Pellets in New Zealand (FOB) - 2022

The average export price for cereal groats; meal and pelletses stood at $827 per ton in 2022, rising by 49% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 99%. As a result, the export price attained the peak level of $1,823 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($1,151 per ton), while the average price for exports to New Caledonia ($660 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 Taiwan (Chinese) (+2.2%), while the prices for the other major destinations experienced a decline.

Price for Cereal Groats; Meal and Pellets in New Zealand (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $490 per ton in 2022, dropping by -54.5% against the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 140% against the previous year. As a result, import price attained the peak level of $1,077 per ton, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,276 per ton), while the price for Argentina ($429 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cereal Groats; Meal and Pellets in New Zealand

In 2022, shipments abroad of cereal groats; meal and pelletses decreased by -52.3% to 2.4K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 384% against the previous year.

In value terms, cereal groats; meal and pellets exports fell remarkably to $2M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 185% against the previous year.

Export of Cereal Groats; Meal and Pellets in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	323	22.3	252	737	31.7%
Fiji	17.6	250	718	517	208.6%
Papua New Guinea	13.0	13.2	736	388	210.2%
New Caledonia	N/A	11.3	62.6	135	245.6%
Taiwan (Chinese)	6.2	6.6	27.2	115	164.7%
China	N/A	801	874	N/A	9.1%
Others	41.4	37.1	89.5	67.2	17.5%
Total	401	1,142	2,760	1,959	69.7%

Top Export Markets for Cereal Groats; Meal and Pellets from New Zealand in 2022:

Fiji (710.0 tons)
Australia (640.0 tons)
Papua New Guinea (579.2 tons)
New Caledonia (204.4 tons)
Taiwan (Chinese) (163.7 tons)

Imports of Cereal Groats; Meal and Pellets in New Zealand

In 2022, purchases abroad of cereal groats; meal and pelletses increased by 1,092% to 7.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced decrease.

In value terms, cereal groats; meal and pellets imports skyrocketed to $3.7M in 2022. Overall, imports, however, continue to indicate a deep contraction.