What is the price of malt extract per kilogram/pound in New Zealand today?
The retail price range for New Zealand malt extract is between US$ 7.67 and US$ 15.35 per kilogram or between US$ 3.48 and US$ 6.96 per pound(lb). Click here to see today's exact prices of malt extract in New Zealand
The retail price range in New Zealand Dollar for malt extract is between NZD 12.21 and NZD 24.42 per kilogram or between NZD 5.54 and NZD 11.07 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand malt extract is between US$ 5.37 and US$ 10.74 per kilogram or between US$ 2.44 and US$ 4.87 per pound(lb).
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New Zealand Malt Extract Export Prices - Historical, Trends and Prediction
The export price per kilogram of Malt Extract from New Zealand over the last five years has been relatively stable. In 2017, the price was 3.26 US $ per kg, followed by 3.33 US $ per kg in 2018, 3.50 US $ per kg in 2019, 3.83 US $ per kg in 2020, and 4.35 US $ per kg in 2021. The highest price was recorded in 2021, while the lowest was in 2015 at 2.99 US $ per kg. Based on this data, it is predicted that the export price per kilogram of Malt Extract from New Zealand in 2023 will be 4.69 US $ per kg and in 2024 will be 5.03 US $ per kg.The exports of malt extract from New Zealand are classified as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
New Zealand Malt Extract Import Prices - Historical, Trends and Prediction
The import price per kilogram of Malt Extract into New Zealand over the last five years has been relatively stable. In 2017, the price was $3.26, followed by $3.33 in 2018, $3.50 in 2019, $3.83 in 2020, and $4.35 in 2021. This indicates an overall upward trend in the price of Malt Extract, with the price increasing by an average of 0.17 per year. Looking ahead, we can predict that the price of Malt Extract in New Zealand will continue to rise, with an estimated price of $4.82 in 2023 and $5.30 in 2024.Export values for New Zealand malt extract
The total values in export for malt extract in New Zealand were US$ 147,606, US$ 145,049, US$ 191,181 and US$ 224,624 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 malt extract in other countries across Oceania: Fiji malt extract, French Polynesia malt extract, Guam malt extract, Micronesia malt extract, New Caledonia malt extract, Papua New Guinea malt extract, Samoa malt extract, Solomon Islands malt extract, Tonga malt extract & Vanuatu malt extract.
New Zealand malt extract - Production, Exports, Imports, Seasons and HS Codes
The amount of malt extract sold by New Zealand in 2020 was 79,750 metric tons. In 2019 New Zealand shipped 64,163 tonnes of malt extract. Through 2019 alone, the demand for New Zealand malt extract (processed category) has surged, recording a change of 11.66 pc compared to the year 2018. Between 2017 and 2019, malt extract's exports increased by 44.42 pc earning the nation US$224.62m for the year 2019. New Zealand's malt extract exports are categorised as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
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New Zealand malt extract export values
In 2019, New Zealand supplied malt extract costing 224.62m USD, an increment of 17.49% from 2018's total malt extract export of 191.181m USD. The annual increase in value of New Zealand malt extract between 2017 to 2018 was 31.804 percent.
The per year variation in the quantity of New Zealand's malt extract exports between 2017 and 2019 was 44.42 percent in comparison to a variation of 11.66% in the period between 2018 and 2019.
New Zealand's stake of the world's total malt extract's exports in 2019 was 43%. The country holds number 1 in world exports of malt extract.
Export markets for New Zealand malt extract ( in '000$ )
New Zealand's best performing destinations for malt extract are Malaysia, China, Thailand, Indonesia and Australia.
Import/Export Trends
New Zealand is a net exporter of malt extract. The annual growth of New Zealand malt extract in value between 2015 to 2019 was 11%, per year, while annual growth in quantity for the same period was -4%, per annum.
New Zealand procured 13,376 tonnes of malt extract in 2019.