New Zealand: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in New Zealand

The New Zealand market for oleic, linoleic or linolenic acids, their salts and esters shrank modestly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from New Zealand

In 2022, the amount of oleic, linoleic or linolenic acids, their salts and esters exported from New Zealand dropped remarkably to X tons, waning by X% on 2021. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports contracted notably to $X in 2022. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for oleic, linoleic or linolenic acids exports from New Zealand, with a X% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Malaysia exceeded the volume sent to the second major destination, Australia (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Fiji (X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Fiji (X% per year).

Export Prices by Country

In 2022, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oleic, linoleic or linolenic acids export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Fiji ($X 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 Tonga (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into New Zealand

For the eighth year in a row, New Zealand recorded decline in supplies from abroad of oleic, linoleic or linolenic acids, their salts and esters, which decreased by X% to X tons in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports fell slightly to $X in 2022. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to New Zealand, accounting for a X% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Malaysia exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to New Zealand, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

Import Prices by Country

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oleic, linoleic or linolenic acids import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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