Price for Frozen Concentrated Orange Juice in New Zealand - 2023

Contents:

1. Price for Frozen Concentrated Orange Juice in New Zealand (CIF) - 2023
2. Price for Frozen Concentrated Orange Juice in New Zealand (FOB) - 2022
3. Imports of Frozen Concentrated Orange Juice in New Zealand
4. Exports of Frozen Concentrated Orange Juice in New Zealand

Price for Frozen Concentrated Orange Juice in New Zealand (CIF) - 2023

The average frozen concentrated orange juice import price stood at $2,835 per ton in July 2023, rising by 77% against the previous month. Over the period under review, import price indicated a mild expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, frozen concentrated orange juice import price increased by +77.2% against June 2023 indices. Over the period under review, average import prices reached the peak figure at $3,556 per ton in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Mexico ($8,318 per ton), while the price for Australia ($1,167 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 (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Concentrated Orange Juice in New Zealand (FOB) - 2022

In 2022, the average frozen concentrated orange juice export price amounted to $1,608 per ton, leveling off at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $2,816 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($3,373 per ton), while the average price for exports to New Caledonia ($1,208 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 French Polynesia (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Concentrated Orange Juice in New Zealand

For the third consecutive year, New Zealand recorded decline in purchases abroad of frozen concentrated orange juice, which decreased by -16.8% to 2.9K tons in 2022. Overall, imports recorded a deep reduction. The smallest decline of -5.4% was in 2021.

In value terms, frozen concentrated orange juice imports stood at $7.5M in 2022. Over the period under review, imports continue to indicate a deep contraction.

Top Suppliers of Frozen Concentrated Orange Juice to New Zealand in 2022:

1. Brazil (2044.5 tons)
2. Australia (484.7 tons)
3. Japan (119.7 tons)
4. Switzerland (71.5 tons)
5. Mexico (31.5 tons)

Exports of Frozen Concentrated Orange Juice in New Zealand

In 2022, overseas shipments of frozen concentrated orange juice increased by 65% to 126 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a sharp contraction.

In value terms, frozen concentrated orange juice exports soared to $203K in 2022. Overall, exports, however, continue to indicate a sharp curtailment.

Top Export Markets for Frozen Concentrated Orange Juice from New Zealand in 2022:

1. Cook Islands (98.0 tons)
2. Tonga (10.2 tons)
3. Fiji (8.0 tons)
4. Samoa (4.9 tons)
5. Niue (4.6 tons)
6. New Caledonia (0.2 tons)

Source: IndexBox Market Intelligence Platform