Price for Fats and Oils and Their Fractions; of Marine Mammals in New Zealand - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in New Zealand (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Marine Mammals in New Zealand (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in New Zealand
- Exports of Fats and Oils and Their Fractions; of Marine Mammals in New Zealand
Price for Fats and Oils and Their Fractions; of Marine Mammals in New Zealand (CIF) - 2022
The average import price for fats and oils and their fractions; of marine mammalses stood at $39,695 per ton in 2022, with an increase of 139% against the previous year. Overall, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 226% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +2.9% per year.
Price for Fats and Oils and Their Fractions; of Marine Mammals in New Zealand (FOB) - 2022
The average export price for fats and oils and their fractions; of marine mammalses stood at $10,026 per ton in 2022, shrinking by -43.5% against the previous year. In general, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 829%. The export price peaked at $170,983 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Samoa.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +0.2% per year.
Imports of Fats and Oils and Their Fractions; of Marine Mammals in New Zealand
For the third consecutive year, New Zealand recorded decline in overseas purchases of fats and oils and their fractions; of marine mammalses, which decreased by -97.6% to 190 kg in 2022. In general, imports faced a sharp decline. The smallest decline of -67.7% was in 2021.
In value terms, imports of fats and oils and their fractions; of marine mammalses declined markedly to $7.5K in 2022. Over the period under review, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.1% against the previous year.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 8.8 | 6.0 | 5.0 | 7.5 | -5.2% |
| Fiji | 204 | 29.9 | 4.2 | N/A | -85.7% |
| Australia | 56.4 | 78.3 | 111 | N/A | 40.3% |
| Others | 13.3 | 10.2 | 10.7 | N/A | -10.3% |
| Total | 283 | 124 | 131 | 7.5 | -70.2% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to New Zealand in 2022:
- Norway (190.0 kg)
Exports of Fats and Oils and Their Fractions; of Marine Mammals in New Zealand
In 2022, the amount of fats and oils and their fractions; of marine mammalses exported from New Zealand fell significantly to 78 kg, shrinking by -94.6% against 2021. Over the period under review, exports saw a sharp curtailment. The smallest decline of -16.6% was in 2020.
In value terms, exports of fats and oils and their fractions; of marine mammalses declined dramatically to $782 in 2022. In general, exports continue to indicate a sharp decrease. The smallest decline of -19.8% was in 2020.
| Export of Fats and Oils and Their Fractions; of Marine Mammals in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Samoa | N/A | N/A | N/A | 0.8 | 0% |
| South Korea | N/A | 1.0 | 7.0 | N/A | 600.0% |
| Ireland | 20.1 | N/A | N/A | N/A | 0% |
| France | N/A | N/A | 16.8 | N/A | 0% |
| Singapore | N/A | 31.2 | N/A | N/A | 0% |
| Others | 20.1 | N/A | 2.1 | N/A | -67.7% |
| Total | 40.2 | 32.2 | 25.9 | 0.8 | -72.9% |
Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from New Zealand in 2022:
- Samoa (78.0 kg)
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