Price for Pectic Substances; Pectinates and Pectates in New Zealand - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in New Zealand (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in New Zealand (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in New Zealand
4. Exports of Pectic Substances; Pectinates and Pectates in New Zealand

Price for Pectic Substances; Pectinates and Pectates in New Zealand (CIF) - 2023

The average import price for pectic substances; pectinates and pectateses stood at $14,832 per ton in July 2023, falling by -22.4% against the previous month. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 64% against the previous month. Over the period under review, average import prices hit record highs at $24,905 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($20,953 per ton), while the price for the Netherlands ($2,748 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 Mexico (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in New Zealand (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $22,104 per ton, with a decrease of -50.1% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 157% against the previous year. As a result, the export price reached the peak level of $44,263 per ton, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($39,121 per ton), while the average price for exports to Australia totaled $18,059 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pectic Substances; Pectinates and Pectates in New Zealand

In 2022, after two years of decline, there was significant growth in purchases abroad of pectic substances; pectinates and pectateses, when their volume increased by 19% to 174 tons. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pectic substances; pectinates and pectates imports expanded rapidly to $2.3M in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pectic Substances; Pectinates and Pectates to New Zealand in 2022:

1. Germany (63.6 tons)
2. Mexico (58.8 tons)
3. China (18.3 tons)
4. Belgium (17.1 tons)
5. Denmark (7.9 tons)
6. Italy (4.0 tons)
7. Australia (2.8 tons)
8. Brazil (0.5 tons)
9. United States (0.1 tons)

Exports of Pectic Substances; Pectinates and Pectates in New Zealand

For the fourth consecutive year, New Zealand recorded growth in overseas shipments of pectic substances; pectinates and pectateses, which increased by 55% to 1.6 tons in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 75% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pectic substances; pectinates and pectates exports contracted dramatically to $36K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 288%. As a result, the exports reached the peak of $47K, and then dropped significantly in the following year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from New Zealand in 2022:

1. Australia (1325.0 kg)
2. Fiji (315.0 kg)

Source: IndexBox Market Intelligence Platform