Price for Flour, Meal, and Flakes of Potatoes in New Zealand - 2024

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in New Zealand (CIF) - 2024
2. Price for Flour, Meal, and Flakes of Potatoes in New Zealand (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in New Zealand
4. Exports of Flour, Meal, and Flakes of Potatoes in New Zealand

Price for Flour, Meal, and Flakes of Potatoes in New Zealand (CIF) - 2024

The average import price for flour, meal, and flakes of potatoeses stood at $3,076 per ton in September 2023, increasing by 28% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 45% against the previous month. As a result, import price reached the peak level of $3,696 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,109 per ton), while the price for India ($1,514 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 Australia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in New Zealand (FOB) - 2022

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $3,119 per ton, shrinking by -26.5% against the previous year. Over the period under review, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 113% against the previous year. As a result, the export price attained the peak level of $5,124 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was French Polynesia ($3,900 per ton), while the average price for exports to Fiji ($2,587 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 Niue (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour, Meal, and Flakes of Potatoes in New Zealand

After two years of decline, purchases abroad of flour, meal, and flakes of potatoeses increased by 64% to 1.3K tons in 2022. In general, imports, however, showed a noticeable shrinkage.

In value terms, imports of flour, meal, and flakes of potatoeses skyrocketed to $2.8M in 2022. Overall, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to New Zealand in 2022:

1. United States (547.3 tons)
2. Germany (288.0 tons)
3. Netherlands (140.0 tons)
4. Poland (104.7 tons)
5. India (103.1 tons)
6. Australia (77.8 tons)
7. Belgium (53.4 tons)

Exports of Flour, Meal, and Flakes of Potatoes in New Zealand

In 2022, overseas shipments of flour, meal, and flakes of potatoeses decreased by -27.1% to 4.9 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 76% against the previous year. As a result, the exports reached the peak of 49 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flour, meal, and flakes of potatoeses declined significantly to $15K in 2022. Over the period under review, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by 217%. As a result, the exports attained the peak of $158K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from New Zealand in 2022:

1. Fiji (1581.0 kg)
2. Australia (1168.0 kg)
3. Malaysia (937.0 kg)
4. Samoa (651.0 kg)
5. Cook Islands (405.0 kg)
6. Tuvalu (94.0 kg)

Source: IndexBox Market Intelligence Platform