Price for Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand
Price for Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $4,770 per ton in 2022, approximately equating the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 14%. The import price peaked at $5,075 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($4,770 per ton) and Australia ($4,770 per ton), while the price for Malaysia ($4,770 per ton) and Thailand ($4,770 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $4,238 per ton, which is down by -12.3% against the previous year. In general, the export price saw a pronounced decline. The growth pace was the most rapid in 2013 an increase of 34%. As a result, the export price attained the peak level of $9,348 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Samoa ($4,240 per ton) and Australia ($4,239 per ton), while the average price for exports to Niue ($4,236 per ton) and China ($4,237 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+33.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; mixtures of 2 or more products of the same heading, when their volume decreased by -18.1% to 669 tons. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year.
In value terms, imports of spices; mixtures of 2 or more products of the same heading fell notably to $3.2M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 32%.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 830 | 1,288 | 1,534 | 1,111 | 10.2% |
| Australia | 869 | 978 | 903 | 761 | -4.3% |
| China | 174 | 179 | 278 | 180 | 1.1% |
| Malaysia | 143 | 147 | 213 | 144 | 0.2% |
| Germany | 66.2 | 64.3 | 147 | 127 | 24.3% |
| Turkey | 56.8 | 86.2 | 131 | 125 | 30.1% |
| Japan | 140 | 162 | 40.6 | 118 | -5.5% |
| Vietnam | 68.9 | 64.0 | 85.8 | 117 | 19.3% |
| Fiji | 34.8 | 160 | 88.8 | 109 | 46.3% |
| Sri Lanka | 53.9 | 92.7 | 78.3 | 72.0 | 10.1% |
| Pakistan | 32.5 | 74.1 | 68.4 | 59.2 | 22.1% |
| South Africa | 18.5 | 5.0 | 35.7 | 54.0 | 42.9% |
| Others | 293 | 359 | 284 | 215 | -9.8% |
| Total | 2,780 | 3,658 | 3,887 | 3,193 | 4.7% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to New Zealand in 2022:
- India (232.9 tons)
- Australia (159.6 tons)
- China (37.7 tons)
- Malaysia (30.3 tons)
- Germany (26.6 tons)
- Turkey (26.1 tons)
- Japan (24.8 tons)
- Vietnam (24.5 tons)
- Fiji (22.9 tons)
- Sri Lanka (15.1 tons)
- Pakistan (12.4 tons)
- South Africa (11.3 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand
In 2022, approx. 44 tons of spices; mixtures of 2 or more products of the same heading were exported from New Zealand; with an increase of 26% on the previous year. The total export volume increased at an average annual rate of +14.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 35%. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of spices; mixtures of 2 or more products of the same heading expanded rapidly to $186K in 2022. The total export value increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 29.0 | 59.0 | 48.9 | 46.0 | 16.6% |
| Tonga | 0.1 | 5.0 | 0.4 | 44.2 | 661.7% |
| Cook Islands | 26.2 | 27.3 | 34.2 | 32.0 | 6.9% |
| Solomon Islands | 9.2 | 10.0 | 15.5 | 13.1 | 12.5% |
| New Caledonia | 3.3 | 0.6 | 9.2 | 11.8 | 52.9% |
| Australia | 40.9 | 42.1 | 21.2 | 8.3 | -41.2% |
| United Kingdom | N/A | N/A | 0.7 | 7.8 | 1014.3% |
| China | N/A | N/A | 1.3 | 5.8 | 346.2% |
| Samoa | 1.7 | 4.3 | 1.5 | 3.9 | 31.9% |
| Niue | 3.8 | 4.5 | 2.3 | 3.5 | -2.7% |
| Germany | 14.9 | N/A | N/A | N/A | 0% |
| Sri Lanka | N/A | 5.7 | 6.3 | N/A | 10.5% |
| Others | 13.9 | 6.4 | 26.0 | 9.7 | -11.3% |
| Total | 143 | 165 | 168 | 186 | 9.2% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from New Zealand in 2022:
- Fiji (10.9 tons)
- Tonga (10.4 tons)
- Cook Islands (7.5 tons)
- Solomon Islands (3.1 tons)
- New Caledonia (2.8 tons)
- Australia (1.9 tons)
- United Kingdom (1.8 tons)
- China (1.4 tons)
- Samoa (0.9 tons)
- Niue (0.8 tons)
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