What is the price of groat per kilogram/pound in New Zealand today?
The retail price range for New Zealand groat is between US$ 5.76 and US$ 16.35 per kilogram or between US$ 2.61 and US$ 7.41 per pound(lb). Click here to see today's exact prices of groat in New Zealand
The retail price range in New Zealand Dollar for groat is between NZD 9.17 and NZD 26.01 per kilogram or between NZD 4.16 and NZD 11.80 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand groat is between US$ 4.03 and US$ 11.44 per kilogram or between US$ 1.83 and US$ 5.19 per pound(lb).
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New Zealand Groat Export Prices - Historical, Trends and Prediction
The export price of Groat from New Zealand over the last five years has been quite volatile. In 2017, the price was 0.62 US$ per kg, which increased to 0.69 US$ per kg in 2018. However, in 2019, the price skyrocketed to 3.86 US$ per kg before dropping back to 0.7 US$ per kg in 2020. The price has been relatively stable since then, with 0.75 US$ per kg in 2021 and 0.82 US$ per kg in 2022. Based on this trend, it is predicted that the export price of Groat from New Zealand will be 0.89 US$ per kg in 2023 and 0.96 US$ per kg in 2024.New Zealand Groat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Groat into New Zealand has seen a lot of fluctuation over the past five years. In 2016, the price was at its lowest at 0.59 US$ per kg, before increasing to 1.03 US$ per kg in 2013. In 2014, the price rose to 2.01 US$ per kg, before dropping back to 1.00 US$ per kg in 2015. Since then, the price has been steadily increasing, reaching 0.69 US$ per kg in 2018 and 0.7 US$ per kg in 2020. The most recent data shows that the price has risen to 0.75 US$ per kg in 2021. Looking ahead, it is likely that the import price per kilogram of Groat into New Zealand will continue to increase. We predict that the price will reach 0.82 US$ per kg in 2022 and 0.89 US$ per kg in 2023. In 2024, we predict that the price will reach 0.96 US$ per kg.Export values for New Zealand groat
The total values in export for groat in New Zealand were US$ 2,249, US$ 1,975, US$ 1,562 and US$ 401 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of groat in other countries across Oceania: Fiji groat, French Polynesia groat, Guam groat, Micronesia groat, New Caledonia groat, Papua New Guinea groat, Samoa groat, Solomon Islands groat, Tonga groat & Vanuatu groat.
New Zealand groat - Production, Exports, Imports, Seasons and HS Codes
The volume of groat sold by New Zealand in 2020 was 282 tonnes. In 2019 New Zealand exported 104 tonnes of groat. For the year 2019 alone, the market for New Zealand groat (processed category) has gone down, recording a change of -95.429 pc compared to the year 2018. Between 2017 and 2019, groat's exports reduced by -96.76% netting New Zealand US$0.40m for the year 2019. New Zealand's groat exports are categorised as:
- Groats and meal of cereals (excluding wheat and maize) (HS code 110319)
- Groats and meal of maize "corn" (HS code 110313)
- Groats and meal of wheat (HS code 110311)
- Groats and meal of oats (HS code 110312)
- Rice groats and meal (HS code 110314)
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New Zealand groat export values
In 2019, New Zealand supplied groat costing 0.40m USD, a contraction of -74.39% from 2018's total groat export of 1.562m USD. The yearly reduction in value of New Zealand groat between 2017 to 2018 was -20.911 percent.
The annual/yearly change in the quantity of New Zealand's groat exports between 2017 and 2019 was -96.76% in comparison to a variation of -95.429% in the period between 2018 and 2019.
New Zealand's portion of the world's total groat's exports in 2019 was less than 1%. The country is ranked number 34 in world exports of groat.
Export markets for New Zealand groat ( in '000$ )
Import/Export Trends
New Zealand is a net exporter of groat. The annual growth of New Zealand groat in value between 2015 to 2019 was 25%, per annum, while annual growth in quantity through the same period was 24%, per annum.
New Zealand brought in 1,977 tonnes of groat in 2019.