Price for Cereals; Maize (Corn), Other than Seed in New Zealand - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in New Zealand (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in New Zealand (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in New Zealand
- Exports of Cereals; Maize (Corn), Other than Seed in New Zealand
Price for Cereals; Maize (Corn), Other than Seed in New Zealand (CIF) - 2022
In 2022, the average import price for cereals; maize (corn), other than seeds amounted to $143 per ton, waning by -41.7% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 57%. The import price peaked at $699 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($285 per ton), while the price for South Africa ($42 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-3.3%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in New Zealand (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $1,451 per ton, rising by 153% against the previous year. Over the period under review, the export price saw buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($1,668 per ton), while the average price for exports to New Caledonia ($349 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 Fiji (-0.1%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Other than Seed in New Zealand
In 2022, the amount of cereals; maize (corn), other than seeds imported into New Zealand shrank markedly to 859 tons, with a decrease of -97.6% against the previous year. Over the period under review, imports saw a precipitous slump. The smallest decline of -0.6% was in 2021.
In value terms, imports of cereals; maize (corn), other than seeds reduced remarkably to $122K in 2022. Overall, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 21%.
| Import of Cereals; Maize (Corn), Other than Seed in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 0.1 | 0% |
| Vietnam | N/A | N/A | N/A | N/A | 0% |
| United States | 31.2 | 7.0 | 8.7 | N/A | -47.2% |
| South Africa | N/A | N/A | N/A | N/A | 0% |
| Ukraine | N/A | 0.2 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 31.3 | 7.2 | 8.7 | 0.1 | -85.3% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to New Zealand in 2022:
- South Africa (481.4 tons)
- Australia (280.3 tons)
- United States (58.6 tons)
- Vietnam (23.3 tons)
Exports of Cereals; Maize (Corn), Other than Seed in New Zealand
In 2022, overseas shipments of cereals; maize (corn), other than seeds decreased by -81.6% to 82 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 352%.
In value terms, exports of cereals; maize (corn), other than seeds contracted rapidly to $119K in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 556%. As a result, the exports reached the peak of $342K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereals; Maize (Corn), Other than Seed in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 0.6 | 0.8 | 84.1 | 82.3 | 415.7% |
| Samoa | N/A | N/A | N/A | 11.2 | 0% |
| New Caledonia | 1.6 | 52.6 | 115 | 5.4 | 50.0% |
| South Korea | N/A | 162 | N/A | N/A | 0% |
| Papua New Guinea | N/A | 54.1 | 7.0 | N/A | -87.1% |
| Singapore | 13.5 | N/A | N/A | N/A | 0% |
| Australia | N/A | 50.5 | 17.1 | N/A | -66.1% |
| Others | 36.4 | 22.0 | 31.4 | 20.1 | -18.0% |
| Total | 52.1 | 342 | 255 | 119 | 31.7% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from New Zealand in 2022:
- Fiji (49.3 tons)
- New Caledonia (15.4 tons)
- Samoa (14.0 tons)
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