Diversity of fry sales pushes NZ exports to new highs

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New Zealand’s fry exports continue to reach new highs, with strong demand from Asian Pacific markets as well as established customer Australia.

In February 5,905 tonnes were shipped, more than double the volume exported in February 2017, with annual sales up 28.0% to 75,911 tonnes, beating the highs seen in 2008 and 2009. The average price of New Zealand fry exports in February was NZ$1,271/tonne.

Exports to Australia were 57.5% higher in February at 3,896 tonnes, with annual shipments up 24.8% to 53,970 tonnes.

Aside from the solid growth in sales to its most important markets, the standout performer over the year has been China, with sales to the country up 327.9% to 5,306 tonnes and February shipments at 1,335 tonnes.

These figures do not tally completely with Chinese import figures, but that might be accounted for in shipping times and time taken in customs declarations. Whatever, the actual picture is, it is clear that exports to China have increased rapidly in the first two months of this year.

Sales to Thailand have increased by a third over the last year and by a half to the Philippines, while they were up two thirds to Japan.

New Zealand exports of fries and other HS 200410 products (tonnes, NZ$ million, NZ$/tonne)
February:       March-February:    
  2018 % change 2017 2016 2017/18 % change 2016/17 2015/16
A.Tonnes 5,905 +103.3 2,904 2,930 75,911 +28.0 59,321 56,747
Australia 3,896 +57.5 2,473 2,318 53,970 +24.8 43,255 45,370
China 1,335   0 0 5,306 +327.9 1,240 538
Thailand 36 +414.3 7 53 5,300 +34.4 3,943 2,180
Philippines 223   0 0 3,387 +51.1 2,242 0
Japan 142 +51.1 94 74 3,001 +65.4 1,814 2,970
French Polynesia 45 +95.7 23 126 911 +0.2 909 1,252
Papua New Guinea 71 +65.1 43 141 838 -30.5 1206 1,005
B.NZ $ million                
Total 7.504 +106.7 3.630 3.993 102.697 +31.9 77.883 72.508
Australia 4.999 +67.6 2.983 2.978 68.755 +29.7 53.014 54.586
Thailand 0.060 +457.9 0.011 0.084 9.096 +36.1 6.683 3.593
China 1.435   0.000 0.000 6.268 +370.4 1.333 0.566
Philippines 0.361   0.000 0.000 5.483 +62.6 3.372 0.000
Japan 0.209 +44.4 0.145 0.131 4.541 +56.0 2.910 4.733
French Polynesia 0.085 +114.9 0.039 0.271 1.885 -2.4 1.931 2.488
Papua New Guinea 0.101 +58.4 0.064 0.202 1.431 -17.5 1.734 1.458
C.NZ$/tonne                
Total 1,271 +1.7 1250 1363 1,353 +3.0 1,313 1,278
French Polynesia 1,879 +9.9 1711 2150 2,069 -2.6 2,125 1,987
Thailand 1,664 +8.5 1533 1587 1,716 +1.2 1,695 1,648
Papua New Guinea 1,429 -4.1 1490 1432 1,707 +18.7 1,438 1,451
Philippines 1,618       1,619 +7.6 1,504 0
Japan 1,474 -4.4 1542 1766 1,513 -5.7 1,604 1,594
Australia 1,283 +6.4 1206 1285 1,274 +3.9 1,226 1,203
China 1,075       1,181 +9.9 1,075 1,051
Note: * Products covered by Harmonised System code 200410. Source: TDM.

 

Reproduced with permission from World Potato Markets issue 361, April 3, 2018