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Kiwi Exports from New Zealand to Set New Records

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Kiwi Exports from New Zealand to Set New Records

IndexBox has just published a new report: ‘New Zealand – Kiwi Fruits – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

New Zealand remains the largest kiwi exporting country, supplying near 572K tonnes in 2020, which accounted for 41% of the global shipments. Despite the Covid-related restrictions, 2020 saw an 8.3% y-o-y spike in kiwi export supplies from New Zealand. This year, the country is expected to beat its previous export record, due to the highest yield. 

Kiwi fruit Exports from New Zealand

New Zealand represented the largest exporting country with a 41% share of global exports (1.4M tonnes). Kiwi fruit exports from New Zealand stood at 572K tonnes in 2020, picking up by 8.3% compared with the year before. The total export volume increased at an average annual rate of +3.3% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, kiwi fruit exports surged to $1.7B in 2020. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

Belgium (131K tonnes), Japan (104K tonnes) and China (96K tonnes) were the main destinations of kiwi fruit exports from New Zealand, with a combined 58% share of total exports. From 2007 to 2020, the biggest increases were in supplies to China, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for kiwi fruit exported from New Zealand were Japan ($427M), China ($394M) and Belgium ($243M), together comprising 61% of total exports.

In 2020, the average kiwi fruit export price amounted to $3,026 per tonne, with an increase of 7.1% against the previous year. Over the period under review, export price indicated a prominent increase from 2007 to 2020: its price increased at an average annual rate of +5.4% over the last thirteen-year period.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Japan ($4,111 per tonne), while the average price for exports to Belgium ($1,857 per tonne) was amongst the lowest.

According to the New Zealand Kiwifruit Growers Incorporated, kiwi exports from New Zealand in 2021 are forecast to break the last-year record. This will become feasible due to the rising production.

Source: IndexBox Platform

Report: Seafood Product Market in the USA

IndexBox has just published a new report, the U.S. Seafood Product Market. Analysis And Forecast to 2025. Here is a summary of the report’s key findings.

The revenue of the seafood product market in the U.S. amounted to $16B in 2018, growing by 7.8% 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).

The market value increased at an average annual rate of +5.7% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015, when the market value increased by 8.5% y-o-y. Over the period under review, the seafood product market attained its peak figure level in 2018, and is likely to see steady growth in the immediate term.

Seafood Product Production in the USA

In value terms, seafood product production stood at $14.2B in 2018. The total output value increased at an average annual rate of +5.7% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014, when it surged by 9.8% year-to-year.

Seafood Product Exports

Exports from the USA

In 2018, seafood product exports from the U.S. stood at 13K tonnes, surging by 9.4% against the previous year. In general, seafood product exports continue to indicate an abrupt contraction.

In value terms, seafood product exports amounted to $78M (IndexBox estimates) in 2018.

Exports by Country

The UK (4.9K tonnes), Australia (4.6K tonnes) and the Netherlands (1.3K tonnes) were the main destinations of seafood product exports from the U.S., together comprising 81% of total exports. New Zealand, Japan and China lagged somewhat behind, together comprising a further 9.4%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Japan (+2.4% per year), while the other leaders experienced a decline.

In value terms, the largest markets for seafood product exported from the U.S. were the UK ($28M), Australia ($26M) and the Netherlands ($6.6M), with a combined 78% share of total exports. Japan, New Zealand and China lagged somewhat behind, together comprising a further 9.3%.

Export Prices by Country

In 2018, the average seafood product export price amounted to $5.8 per kg, surging by 19% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +5.2%.

Export prices varied noticeably by the country of origin; the country with the highest export price was Japan ($9 per kg), while the average price for exports to China ($2.9 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to New Zealand (+8.3% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Seafood Product Imports

Imports into the USA

In 2018, approx. 334K tonnes of seafood product were imported into the U.S.; rising by 4.3% against the previous year.

In value terms, seafood product imports stood at $1.5B (IndexBox estimates) in 2018.

Imports by Country

In 2018, Thailand (124K tonnes) constituted the largest seafood product supplier to the U.S., accounting for a 37% share of total imports. Moreover, seafood product imports from Thailand exceeded the figures recorded by the second largest supplier, China (54K tonnes), twofold. The third position in this ranking was occupied by Ecuador (33K tonnes), with a 9.9% share.

From 2013 to 2018, the average annual growth rate of volume from Thailand stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.4% per year) and Ecuador (+5.2% per year).

In value terms, Thailand ($508M) constituted the largest supplier of seafood product to the U.S., comprising 34% of total seafood product imports. The second position in the ranking was occupied by China ($183M), with a 12% share of total imports. It was followed by Ecuador, with a 9.7% share.

Import Prices by Country

In 2018, the average seafood product import price amounted to $4.5 per kg, rising by 6.1% against the previous year. In general, the seafood product import price continues to indicate a relatively flat trend pattern.

Import prices varied noticeably by the country of origin; the country with the highest import price was Fiji ($6.3 per kg), while the price for China ($3.4 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Senegal (+15.3% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Trident Seafoods Corporation, Gorton’s Inc., Bee Bumble Foods, Icicle Seafoods, Tampa Maid Foods, Blount Fine Foods, Omega Protein Corporation, Peter Pan Seafoods, Orca Bay Seafoods, Tampa Bay Fisheries, Sea Watch International, Trans-Ocean Products, Consolidated Catfish Companies, High Liner Foods (usa), The Harris Soup Company, Kanaway Seafoods, Fisherman’s Pride Processors, Copper River Seafoods, State Fish Co., America’s Catch, North Coast Sea-Foods, Heartland Catfish Company, North Pacific Seafoods, Ocean Beauty Seafoods, California Shellfish Company, Thai Union International

Source: IndexBox AI Platform

Asendia to Utilize Tigers Logistics for Oceania Launch

As expansion takes shape for Asendia, Tigers will maintain local logistics for the soon-to-be launched Asendia Oceania subsidiary throughout Australia. The international shipping and distribution company released information this week confirming Tigers is the provider of choice and will utilize its robust warehousing network to support efforts in B2C and omnichannel fulfillment.

“E-commerce fulfillment and international cross-border products continue to be a major focus for Tigers across the Asia-Pacific region, and builds on our cooperation across the USA into Europe, Russia, and Asia,” said Andrew Jillings, Chief Executive Officer, Tigers.

“Partnering with Asendia as it launches Asendia Oceania across Australia and New Zealand is an exciting moment that reflects Tigers’ ongoing global growth, and our support for the logistics and supply chain industry as it evolves through digitization and e-commerce.”

The companies announced the collaborative efforts will ultimately support increasing demand within the B2C cross-border e-commerce market, while focusing on strategies in supply chain optimizations in the near future. The Oceania launch is representative of Asendia’s global expansion plan and how the company will meet demand while offering fresh digital, logistics, and delivery services.

“The launch of Asendia Oceania is an exciting new milestone for Asendia in the Asia-Pacific region,” said Lionel Berthe, Head of Asia-Pacific, Asendia.

“It’s another sign of our commitment to growth in the region, and partnering with a global logistics player with strong capacities and experience in Australia such as Tigers is a key differentiator for cross border end-to-end services.“