Prepared or preserved groundnuts market in New Zealand

Earlier Report Observations

The market for prepared or preserved groundnuts in New Zealand expanded consistently from 2018 to 2020, with volume rising from 8,360 t to 9,555 t. This growth was fueled by evolving consumer preferences, particularly among millennials, who increasingly valued health and convenience, driving higher demand for nut-based snack products.

After reaching its peak, the market experienced volatility. Volume declined to 8,900 t in 2021 before recovering to 9,457 t in 2022. A significant downturn occurred in 2023, with volume contracting to 7,911 t. This drop was primarily caused by sharply rising input costs for growers, especially for fertilisers linked to global energy markets, which elevated production expenses and constrained supply.

In the following years, trade flows remained substantial, while the industry adopted more data-driven approaches and AI-powered marketing tools to engage consumers. Heightened price sensitivity among shoppers continued to influence market conditions, shaping strategic decisions within the sector.

Production prepared or preserved groundnuts in New Zealand

In kind, 2018-2021, t

Top producers of prepared or preserved groundnuts, 2018-2021

World map of production of prepared or preserved groundnuts, 2018-2021

New Zealand's production of prepared or preserved groundnuts declined in 2021 after two years of growth. The country produced 432.0 t that year, representing a significant year-over-year decrease of 10.2%. Looking at the broader period from 2018 to 2021, production actually increased by 17.6%, with an average annual growth rate of 5.6%. The peak was reached in 2020 at 481.2 t, which also saw the largest annual increase of 14.8%.

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

In value, 2018-2021, K $ US

Following two years of gains, New Zealand's production of prepared or preserved groundnuts declined in 2021. The output was valued at 1 804 K $ US that year, marking a substantial 14.0% drop compared to 2020. Over the 2018-2021 period, production value increased by 15.2%, with a compound annual growth rate of 4.8%. The highest value was recorded in 2020 at 2 098 K $ US, while the largest increase occurred in 2019 with an 18.9% rise.

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

Exports prepared or preserved groundnuts from New Zealand

Exports in kind, t

New Zealand's exports of prepared or preserved groundnuts increased for the third consecutive year in 2021. The export volume reached 1 798 t, showing a steady year-over-year gain of 9.1%. From 2018 to 2021, exports grew by 56.7%, translating to an average annual growth rate of 16.1%.

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

Between 2018 and 2021, Australia, China, and the United Kingdom were the primary buyers of New Zealand's prepared or preserved groundnuts in volume terms. Australia accounted for 43.9% of exports, China for 21.6%, and the United Kingdom for 10.7%. Together, these three countries comprised 76.3% of total exports.

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

New Zealand's exports of prepared or preserved groundnuts increased for the third year in a row in 2021. The country exported 7 508 K $ US worth of these products, marking a 4.5% year-over-year advance. Over the 2018-2021 period, export value increased by 53.4%, with an average annual growth rate of 15.3%.

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

From 2018 to 2021, China, Australia, and Singapore were consistently the main destinations for New Zealand's prepared or preserved groundnuts in value terms. China accounted for 33.5% of exports, Australia for 29.6%, and Singapore for 10.5%. Collectively, these three markets represented 73.7% 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 prepared or preserved groundnuts to New Zealand

Imports in kind, t

After two years of growth, New Zealand's imports of prepared or preserved groundnuts declined in 2021. The country imported 10 266 t that year, representing a modest year-over-year decrease of 4.3%. Between 2018 and 2021, imports increased by 12.3%, equivalent to an annualized rate of 3.9%. The peak import volume was recorded in 2020 at 10 723 t, which also saw the largest annual increase of 10.2%.

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

Over the 2018-2021 period, Argentina, China, and Australia were the leading suppliers of prepared or preserved groundnuts to New Zealand in volume terms. Argentina contributed 55.3% of imports, China 19.1%, and Australia 12.2%. Together, these three countries accounted for 86.6% 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, K $ US

New Zealand's imports of prepared or preserved groundnuts increased for the third consecutive year in 2021. Import value stood at 23 040 K $ US, amounting to a slight year-over-year increase of 2.5%. From 2018 to 2021, imports grew by 26.4%, with an average annual growth rate of 8.1%.

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

Between 2018 and 2021, Argentina, Australia, and China continued to be the top suppliers of prepared or preserved groundnuts to New Zealand in value terms. Argentina accounted for 45.6% of imports, Australia for 22.0%, and China for 17.2%. Jointly, these three suppliers represented 84.9% of total imports.

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

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