Peaches and nectarines market in New Zealand

Earlier Report Observations

The market for peaches and nectarines in New Zealand measured in value terms experienced notable volatility from 2018 to 2023. It grew slightly to 1 389 thousand US dollars in 2019 before entering a period of significant contraction, falling to 1 135 thousand US dollars in 2020 and then dropping sharply to 596 thousand US dollars in 2021. A turnaround began in 2022, with the market stabilizing at 605 thousand US dollars before increasing to 674 thousand US dollars in 2023.

This market movement was closely tied to changes in trade flows. The value of imports, a major component of market supply, declined dramatically from 1 262 thousand US dollars in 2019 to just 455 thousand US dollars in 2021, which was the primary driver of the overall market contraction during those years. While domestic production value showed some variability, peaking at 540 thousand US dollars in 2021, it remained below its 2018 level throughout most of the period. A concurrent decline in export value also contributed to the shifting market landscape.

Production peaches and nectarines in New Zealand

In kind, 2018-2021, t

Top producers of peaches and nectarines, 2018-2021

World map of production of peaches and nectarines, 2018-2021

In 2021, New Zealand produced 115 tonnes of peaches and nectarines, representing a significant decline of 17.3% compared to 2020. Looking at the broader period from 2018 to 2021, production fell by 13.4%, which translates to an average annual decrease of 4.7%. The lowest production level was recorded in 2019 at 105 tonnes, while the peak occurred in 2020 with 139 tonnes. The most substantial drop in production happened in 2019, when output decreased by 20.6%. Conversely, the largest increase was observed in 2020, with production rising by 32.0%.

Annual dynamics of production in New Zealand in kind, 2018-2021, t

In value, 2018-2021, K $ US

New Zealand's peaches and nectarines production value has grown for the second year in a row. In 2021, the output was valued at 540.0 thousand US dollars, up 5.3% from the previous year. However, over the 2018-2021 period, production value actually decreased by 9.1%, with a compound annual growth rate of -3.1%. The lowest value was recorded in 2019 at 447.3 thousand US dollars. That year also saw the most significant decline, with a drop of 24.7%. The largest increase occurred in 2020, when production value rose by 14.7%.

Annual dynamics of production in New Zealand in value, 2018-2021, K $ US

Exports peaches and nectarines from New Zealand

Exports in kind, t

Following two years of decline, New Zealand's peaches and nectarines export volumes have rebounded. In 2021, the country exported 84.9 tonnes, marking a substantial year-on-year increase of 32.1%. Despite this recent growth, exports decreased by 25.2% over the 2018-2021 period, with a compound annual decline of 9.2%. The lowest export volume was recorded in 2020 at 64.3 tonnes. The most significant drop occurred in 2019, when exports fell by 33.6%.

Annual dynamics of product's exports from New Zealand in kind, 2018-2021, t

Between 2018 and 2021, three key markets—Singapore, Asia (not elsewhere specified), and Hong Kong—collectively accounted for 63.6% of New Zealand's total peaches and nectarines exports by volume.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from New Zealand in kind, 2018-2021

Exports in value, K $ US

After two consecutive years of decline, New Zealand's peaches and nectarines export value has increased. In 2021, exports reached 399 thousand US dollars, showing a sharp uptick of 68.1% compared to the previous year. However, over the 2018-2021 period, export value decreased by 21.6%, with a compound annual decline of 7.8%. The lowest value was recorded in 2020 at 237 thousand US dollars. The most significant drop occurred in 2019, when export value fell by 37.0%.

Annual dynamics of product's exports from New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, Singapore (30.6% of export value), Asia (not elsewhere specified) (20.0%), and Hong Kong (18.2%) were the largest buyers of New Zealand's peaches and nectarines. Together, these three markets accounted for 68.8% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from New Zealand in value, 2018-2021

Imports peaches and nectarines to New Zealand

Imports in kind, t

New Zealand's peaches and nectarines import volumes have declined for the second consecutive year. In 2021, imports amounted to 160.3 tonnes, representing a dramatic decrease of 59.6% compared to 2020. Over the 2018-2021 period, imports fell by 72.7%, equating to an average annual decline of 35.1%. The highest import volume was recorded in 2019 at 620.6 tonnes. That year also saw the largest increase, with imports rising by 5.6%.

Annual dynamics of product's imports to New Zealand in kind, 2018-2021, t

Between 2018 and 2021, the United States was virtually the sole supplier of peaches and nectarines to New Zealand, accounting for 100.0% of total imports by volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to New Zealand in kind, 2018-2021

Imports in value, K $ US

New Zealand's peaches and nectarines import value has declined for the third year in a row. In 2021, import value reached 455 thousand US dollars, equivalent to a loss of 47.1% compared to the previous year. Over the 2018-2021 period, imports decreased by 64.5%, which translates to an average annual decline of 29.2%.

Annual dynamics of product's imports to New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, the United States was the dominant and nearly exclusive source for New Zealand's peaches and nectarines imports by value, accounting for 100.0% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to New Zealand in value, 2018-2021