Pork market in New Zealand

Earlier Report Observations

The New Zealand pork market volume fluctuated between 2018 and 2023, starting at 95,670 t and ending at 88,240 t. The most significant drop occurred in 2020, followed by a recovery to over 100,000 t in 2021, before volumes contracted again in the following years. In monetary terms, the market's value showed a different trend, rising to 368.6 million USD by 2023 despite lower physical volumes, indicating an increase in average prices.

In 2022, the broader chilled and frozen meat sector in New Zealand saw activity from major players like Silver Fern Farms, which launched vacuum-sealed products in overseas markets. Advances in freezing technology and strong cold chain infrastructure supported product quality, while consumer trends shifted towards convenience and sustainability.

Production pork in New Zealand

In kind, 2018-2021, t

Top producers of pork, 2018-2021

World map of production of pork, 2018-2021

New Zealand's pork production has declined for the third year in a row. In 2021, the country produced 45 082 tons of pork, marking a 0.8% decrease from the previous year. From 2018 to 2021, production fell by 5%, which translates to an average annual decline of 1.7%.

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

In value, 2018-2021, M $ US

In 2021, New Zealand's pork output was valued at 155.3 million US dollars, reflecting a significant drop of 15.2% compared to 2020. Over the 2018-2021 period, production value decreased by 15%, with a compound annual growth rate (CAGR) of -5.3%. The lowest value was recorded in 2019 at 149.6 million US dollars, while the peak occurred in 2020 at 183.1 million US dollars. The sharpest decline of 18.1% happened in 2019, whereas the largest increase of 22.4% was observed in 2020.

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

Exports pork from New Zealand

Exports in kind, t

The market exhibited notable volatility during the observed period. The highest export volume was recorded in 2019, while the lowest was in 2020, resulting in a peak-to-trough ratio of 2.7 times. In 2021, pork exports from New Zealand totaled 418 tons, representing a substantial increase of 90.8% from the previous year. The minimum export volume was 219 tons in 2020, and the maximum reached 596 tons in 2019. The most significant decline of 63.2% occurred in 2020, while the largest increase of 115.3% was seen in 2019.

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

From 2018 to 2021, Papua New Guinea (26.6% of exports in kind), Spain (24.8%), and Vanuatu (9.6%) formed the core group of markets for New Zealand's pork exports in volume terms. Together, these three countries accounted for 61.0% of total export flows.

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, M $ US

The export market demonstrated considerable volatility over the observed period. Peak exports occurred in 2019, with the lowest point in 2020, creating a 2.2-fold gap between them. In 2021, New Zealand exported 1.4 million US dollars worth of pork, equivalent to a sharp increase of 63.0% from 2020. The minimum export value was 0.9 million US dollars in 2020, while the maximum reached 1.9 million US dollars in 2019. The largest decline of 54.5% was recorded in 2020, and the most significant increase of 82.3% happened in 2019.

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

During 2018-2021, Spain (23.5% of exports in value terms), Papua New Guinea (22.4%), and Vanuatu (10.6%) were the main destinations for New Zealand's pork exports by value. These three markets together represented 56.5% of total export flows.

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 pork to New Zealand

Imports in kind, t

In 2021, foreign pork supplies to New Zealand reached 55 867 tons, up by 29.9% compared to the previous year. Over the 2018-2021 period, imports increased by 15.2%, with a compound annual growth rate (CAGR) of 4.8%. The minimum import volume was recorded in 2020 at 43 013 tons, and the largest decline of 14.6% also occurred in that year.

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

From 2018 to 2021, Spain (19.3% of imports in kind), the United States (16.7%), and Canada (15.0%) were the principal sources for New Zealand's pork imports by volume. Together, these three countries accounted for 51.0% of total import flows.

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, M $ US

New Zealand's pork import value has increased for the third consecutive year. In 2021, imports stood at 189.9 million US dollars, which is 25.3% higher than the previous year. Over the 2018-2021 period, import value grew by 33.4%, with a compound annual growth rate (CAGR) of 10.1%.

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

During 2018-2021, the country structure of pork imports by value remained highly diversified. Spain (20.7% of imports in value terms), the United States (16.3%), and Canada (11.7%) together accounted for only 48.8% of total flows, while a long tail of smaller markets made up the remaining 51.2%.

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

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