New Zealand: Groundnuts Market 2024

Groundnuts Market Size in New Zealand

In 2022, the New Zealand groundnuts market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a notable expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Groundnuts Production in New Zealand

In value terms, groundnuts production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The average yield of ground-nut (in-shell) in New Zealand totaled less than X kg per ha in 2022, remaining relatively unchanged against 2021. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of ground-nut (in-shell) in New Zealand was estimated at less than X ha, approximately mirroring the previous year. Overall, the harvested area recorded a relatively flat trend pattern.

Groundnuts Exports

Exports from New Zealand

For the fourth consecutive year, New Zealand recorded growth in overseas shipments of ground-nut (in-shell), which increased by X% to X kg in 2022. Over the period under review, exports, however, continue to indicate a precipitous setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports surged to $X in 2022. In general, exports, however, showed a sharp curtailment. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X kg) was the main destination for groundnuts exports from New Zealand, with a X% share of total exports. Moreover, groundnuts exports to Fiji exceeded the volume sent to the second major destination, New Caledonia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Fiji stood at X.7%.

In value terms, Fiji ($X) remains the key foreign market for ground-nut (in-shell) exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji amounted to X%.

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to Fiji amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (X%).

Groundnuts Imports

Imports into New Zealand

After two years of growth, supplies from abroad of ground-nut (in-shell) decreased by X% to X tons in 2022. In general, imports showed a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, groundnuts imports contracted markedly to $X in 2022. Overall, imports, however, posted measured growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, Fiji (X tons) was the main supplier of groundnuts to New Zealand, accounting for a X% share of total imports. Moreover, groundnuts imports from Fiji exceeded the figures recorded by the second-largest supplier, Tonga (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Fiji stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tonga (X% per year) and China (X% per year).

In value terms, Fiji ($X) constituted the largest supplier of ground-nut (in-shell) to New Zealand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Fiji amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Tonga (X% per year).

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Fiji ($X per ton), while the price for Tonga ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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