Price for Offal, Edible; of Swine, Fresh or Chilled in New Zealand - 2023

Price for Offal, Edible; of Swine, Fresh or Chilled in New Zealand (CIF) - 2022

In 2022, the average import price for offal, edible; of swine, fresh or chilled amounted to $1,763 per ton, jumping by 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 82% against the previous year. As a result, import price reached the peak level of $2,583 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -3.5% per year.

Price for Offal, Edible; of Swine, Fresh or Chilled in New Zealand (FOB) - 2022

In 2022, the average export price for offal, edible; of swine, fresh or chilled amounted to $4,889 per ton, picking up by 17% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 82% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Vanuatu.

From 2012 to 2022, the rate of growth in terms of prices for Vanuatu amounted to +0.9% per year.

Imports of Offal, Edible; of Swine, Fresh or Chilled in New Zealand

For the fourth year in a row, New Zealand recorded growth in purchases abroad of offal, edible; of swine, fresh or chilled, which increased by 4.4% to 23 tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of offal, edible; of swine, fresh or chilled surged to $41K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Offal, Edible; of Swine, Fresh or Chilled in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	8.8	11.8	16.1	40.5	66.3%
Sweden	15.7	16.9	16.9	N/A	3.8%
Others	N/A	N/A	N/A	N/A	0%
Total	24.5	28.8	33.0	40.5	18.2%

Top Suppliers of Offal, Edible; of Swine, Fresh or Chilled to New Zealand in 2022:

Australia (23.0 tons)

Exports of Offal, Edible; of Swine, Fresh or Chilled in New Zealand

For the third year in a row, New Zealand recorded decline in shipments abroad of offal, edible; of swine, fresh or chilled, which decreased by -23.4% to 36 kg in 2022. Over the period under review, exports continue to indicate a sharp decline.

In value terms, exports of offal, edible; of swine, fresh or chilled contracted to $176 in 2022. Overall, exports recorded a sharp slump.