Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand - 2024
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand (CIF) - 2024
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand (CIF) - 2024
In September 2023, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $14,346 per ton, remaining constant against the previous month. Over the period under review, import price indicated a strong increase from January 2023 to September 2023: its price increased at an average monthly rate of +7.8% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -31.4% against July 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 105% against the previous month. Over the period under review, average import prices hit record highs at $20,920 per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($52,077 per ton), while the price for China ($10,352 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Mexico (+852.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,067 per ton in 2022, with a decrease of -6.8% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +1.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices hit record highs at $3,293 per ton in 2021, and then fell in the following year.
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 Switzerland ($8,492 per ton), while the average price for exports to Indonesia ($1,086 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) (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand
In 2022, purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s was finally on the rise to reach 1.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep setback.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $12M in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 11.6 | 11.7 | 5.6 | 3.3 | -34.2% |
| China | 1.5 | 0.9 | 1.2 | 2.9 | 24.6% |
| Peru | 3.1 | 0.9 | 1.6 | 2.9 | -2.2% |
| Norway | 1.5 | 0.5 | 0.6 | 1.1 | -9.8% |
| Mexico | 0.2 | 0.9 | 0.6 | 1.0 | 71.0% |
| Indonesia | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| American Samoa | N/A | N/A | N/A | 0.1 | 0% |
| Fiji | 0.2 | N/A | N/A | N/A | 0% |
| Mauritius | 2.0 | 0.5 | N/A | N/A | -75.0% |
| Others | 0.2 | 0.4 | 0.5 | 0.8 | 58.7% |
| Total | 20.2 | 15.8 | 10.1 | 12.4 | -15.0% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to New Zealand in 2022:
- Peru (670.9 tons)
- Mexico (488.3 tons)
- Australia (224.9 tons)
- China (216.1 tons)
- American Samoa (75.7 tons)
- Indonesia (64.5 tons)
- Norway (61.3 tons)
- Fiji (1.9 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand
In 2022, after two years of decline, there was significant growth in overseas shipments of fats and oils and their fractions; of fish, (excluding liver-oils)s, when their volume increased by 6.1% to 2.7K tons. Overall, exports, however, showed a abrupt descent.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s dropped slightly to $8.3M in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1.3% against the previous year.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,743 | 1,410 | 1,938 | 2,336 | 10.3% |
| Switzerland | N/A | N/A | 161 | 1,615 | 903.1% |
| Taiwan (Chinese) | 334 | 748 | 1,153 | 1,126 | 49.9% |
| Malaysia | 414 | 457 | 586 | 980 | 33.3% |
| Australia | 1,621 | 1,513 | 1,142 | 573 | -29.3% |
| New Caledonia | 54.7 | 107 | 196 | 254 | 66.8% |
| South Korea | 1,940 | 542 | 0.3 | 197 | -53.3% |
| Indonesia | 585 | 359 | 89.9 | 162 | -34.8% |
| United Kingdom | 1,996 | 1,222 | N/A | N/A | -38.8% |
| Others | 1,756 | 1,907 | 3,105 | 1,028 | -16.3% |
| Total | 10,443 | 8,264 | 8,372 | 8,273 | -7.5% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from New Zealand in 2022:
- Thailand (1593.6 tons)
- Malaysia (327.3 tons)
- Taiwan (Chinese) (195.2 tons)
- Switzerland (190.2 tons)
- Indonesia (149.1 tons)
- Australia (110.7 tons)
- New Caledonia (53.3 tons)
- South Korea (9.7 tons)
395
This report provides an in-depth analysis of the market for fish fat and oil in New Zealand.
820
This report provides an in-depth analysis of the global market for fish fat and oil.
395
This report provides an in-depth analysis of the market for fish fat and oil in New Zealand.
820
This report provides an in-depth analysis of the global market for fish fat and oil.
622
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
622
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
